PI Network的本地加密货币PI继续向下轨迹，突破了$ 0.89的关键支持水平

代币的下降急剧下降，比每周高点1.57美元下降了40％以上，低于其历史最高高度2.99美元的71％

Pi Network's native cryptocurrency, PI, broke through a crucial support level and traded at approximately $0.86 by 16 May.

PI Network的本地加密货币PI破坏了至关重要的支持水平，到5月16日的交易价格约为0.86美元。

The token has seen a sharp decrease, falling more than 40% from its weekly high of $1.57 and sitting 71% below its all-time high of $2.99 reached in February.

该令牌的下降急剧下降，比其每周高点1.57美元下降了40％以上，低于其历史最高高度2.99美元的71％。

This price drop comes despite what appeared to be positive news from the project. On 14 May, the Pi Foundation announced a $100 million venture fund to support startups in various sectors including AI, gaming, fintech, and e-commerce.

尽管该项目似乎是积极的消息，但价格下跌。 5月14日，PI基金会宣布了一项耗资1亿美元的风险基金，以支持包括AI，游戏，金融科技和电子商务在内的各个领域的初创公司。

A Mainnet migration roadmap based on the network's priorities is now available.

现在可以使用基于网络的优先级的主网迁移路线图。

The initiative aims to boost real-world applications within the Pi ecosystem. However, the market responded negatively to this announcement.

该计划旨在促进PI生态系统中的现实应用程序。但是，市场对此公告产生了负面的反应。

Many traders had expected a major exchange listing announcement instead, which would have improved liquidity and price discovery for the token.

许多交易者预计，相反，许多交易所上市公告将改善代币的流动性和价格发现。

The technical indicators present a mixed picture. The relative strength index stands at around 54, suggesting neutral momentum in the short term.

技术指标呈现出混合图片。相对强度指数约为54，表明短期内中性动量。

While short-term moving averages show weakness, longer-term trends spanning 20 to 50 days display some underlying strength. The moving average convergence divergence indicator shows early signs of recovery.

尽管短期移动平均值显示出弱点，但跨越20至50天的长期趋势表现出一些潜在的强度。移动平均收敛差异指标显示了恢复的早期迹象。

Potential Catalysts Ahead

潜在的催化剂

Several upcoming events could potentially shift PI's price direction. Dr. Nicolas Kokkalis, the project's founder, is scheduled to speak at Consensus 2025, a major blockchain conference.

即将发生的几个事件可能会改变PI的价格方向。该项目的创始人尼古拉斯·科卡利斯（Nicolas Kokkalis）博士计划在大型区块链会议2025年发表演讲。

Rumors suggest the team may use this opportunity to showcase a network decentralization plan, which could address some investor concerns.

谣言表明，团队可能会利用这个机会展示网络分散计划，这可能解决一些投资者的关注。

Another significant update on the horizon is the deactivation of Pi Network's core node, indicating a possible move toward a more open system.

地平线上的另一个重要更新是PI Network核心节点的停用，这表明可能向更开放的系统转移。

Exchange listing speculation continues to circulate. Strong community support and wallet activity linked to Binance have fueled expectations that PI might soon be listed on a major exchange platform.

交流清单的推测继续流通。与Binance有关的强大社区支持和钱包活动激发了人们对PI很快可能很快被列入主要交换平台上的期望。

Though no formal announcement has been made, such a listing could substantially improve liquidity for the token.

尽管尚未提出正式公告，但这种清单可以大大改善令牌的流动性。

Token supply issues remain a concern for investors. An estimated 1.47 billion PI tokens are scheduled to be unlocked over the next 12 months.

令牌供应问题仍然是投资者的关注点。估计有14.7亿PI令牌计划在接下来的12个月内解锁。

This potential influx of supply could put downward pressure on the market without corresponding demand growth. Some users have called for a token burn to help alleviate selling pressure.

这种潜在的供应涌入可能会在不相应需求增长的情况下向市场施加下降压力。一些用户呼吁刻录燃烧以帮助减轻销售压力。

Centralization Concerns Mount

集中化问题

Adding to investor worries are allegations about the project's centralized structure. According to analyst Szymanski, 89% of Pi's token supply is controlled by the core team.

对投资者的担忧增加是对该项目的集中结构的指控。根据分析师Szymanski的说法，PI代币供应中有89％由核心团队控制。

Out of the 100 billion PI tokens that will eventually exist, 89 billion reportedly remain in the hands of the Pi Core Team. Only 7.1 billion are currently in circulation.

在最终将存在的1000亿个PI代币中，据报道，有890亿个保留在PI Core团队的手中。目前只有71亿个流通。

This level of centralization has drawn comparisons to the Terra Luna collapse, with critics warning that a large sell-off by the team could trigger a similar crash.

这种集中化水平与Terra Luna崩溃进行了比较，批评家警告说，该团队的大量抛售可能会引发类似的崩溃。

Other red flags identified by critics include the pre-minted nature of all PI tokens, the absence of independent audits, and the lack of listings on major cryptocurrency exchanges.

批评家确定的其他危险信号包括所有PI代币的预先发明的性质，缺乏独立审计以及缺乏主要加密货币交换的清单。

If Pi Network can address these concerns and deliver on key updates at the upcoming Consensus event, the price might recover above the $1 mark.

如果PI网络可以解决这些问题并在即将到来的共识事件中交付关键更新，则价格可能会恢复到1美元以上。

However, failure to meet market expectations could push the price toward the $0.75 level or lower.

但是，未能达到市场期望可能会将价格推向0.75美元或更低的水平。

The project stands at a critical juncture as it faces growing scrutiny over its centralized structure while working to expand its ecosystem through the new venture fund initiative.

该项目处于关键时刻，因为它面临着对其集中式结构的审查，同时努力通过新的风险基金计划扩大其生态系统。