初次集会后，PI网络（PI）的价格下跌超过75％

自首次集会后，PI Network就已经看到了其价格斗争

Pi Network has seen its price struggle since its launch after an initial rally pushed the price to $2.98. Its launch in February 2025 was highly anticipated and triggered its lift-off as believers who had been with the project for five years were finally rewarded. However, with the passage of time, the coin has also succumbed to the pressures from the bears and has now fallen by more than 75% from its all-time high. So, in this report, we take a look at the Pi Network price and the reasons behind the consistent decline.

Pi Network在最初的集会将价格提高到2.98美元之后，自推出以来就已经看到了其价格斗争。它于2025年2月推出，备受期待，并引发了其升降机，因为在该项目工作了五年的信徒终于得到了奖励。但是，随着时间的流逝，硬币也屈服于熊队的压力，现在已经从历史最高的高点下降了75％以上。因此，在本报告中，我们查看了PI网络价格以及持续下降的原因。

Pi Network Runs Into Post-Launch Troubles

PI网络遇到了发出后的麻烦

It’s been three months since the main net launch and the project has already been faced by problems. The first problems that arose after launch was the locked coins and lots of miners being unable to claim their coins due to KYC issues. Nevertheless, the coin continued to maintain the trust of its users.

自从主要净发布以来已经三个月了，该项目已经面临问题。发射后出现的第一个问题是锁定的硬币，许多矿工由于KYC问题而无法索取硬币。尽管如此，硬币仍继续维持其用户的信任。

Despite this, the coin has floundered to reach new highs and instead fell into a bear market cycle after the March 2025 price peaks. In March, the coin rose to a new all-time high of $2.98 after hitting several price milestones throughout the year. However, after the coin's price dropped to lows of $0.7 in March, it experienced a rally that pushed it back to highs of $1.5.

尽管如此，硬币还是挣扎着达到新的高点，而是在2025年3月的价格高峰之后陷入了熊市周期。 3月，在全年达到了几个价格里程碑之后，硬币上升到了新的2.98美元。但是，在3月份硬币的价格下降到低点为0.7美元之后，它经历了一场集会，将其推回到高处1.5美元。

After the coin’s price fell below $1, it sparked criticism from community members who pointed out that the coin had no real use cases or decentralized finance (DeFi) apps. Especially when compared to other top 30 coins such as Chainlink or Cardano, both coins have at least one aspect that sets them apart from the rest.

在硬币的价格低于1美元之后，它引发了社区成员的批评，他们指出硬币没有实际用例或分散融资（DEFI）应用程序。尤其是与其他前30个硬币（例如Chainlink或Cardano）相比，这两个硬币至少具有一个方面，使它们与其他方面区分开来。

For example, Chainlink is a major DeFi coin used throughout the crypto ecosystem while Cardano is known for its unique narrative and development on its blockchain. However, Pi Network has neither and is simply an accessible coin that can be mined through an app.

例如，ChainLink是整个加密生态系统中使用的主要偏差硬币，而Cardano以其区块链上的独特叙述和发展而闻名。但是，PI网络既没有，也不是可以通过应用程序开采的可访问硬币。

With months already gone, the lack of listing on Tier 1 crypto exchanges such as Binance and Coinbase has raised concerns among investors. Given that the altcoin is now a top 30 cryptocurrency with a market cap of over $5 billion, it makes it one of the only few coins in this category with no Tier 1 listing.

随着几个月的流逝，诸如Binance和Coinbase之类的第1级加密交易所缺乏上市引起了投资者的关注。鉴于AltCoin现在是前30名加密货币，市值超过50亿美元，因此它使其成为该类别中唯一没有级别1的硬币之一。

As a result of this, community members have speculated that the team’s actions could be the reasons behind the lack of listing. This is because top exchanges usually require transparency before listing tokens due to their large audience and there are rumors that the Pi Network team have been less than forthcoming about their token.

因此，社区成员推测，团队的行动可能是缺乏上市的原因。这是因为由于受众群的大量观众，在列出代币之前，顶级交流通常需要透明度，并且有谣言说PI网络团队对他们的令牌的影响还不到。

Another issue that has risen up is the lack of decentralized finance (DeFi) usage on the platform. No DeFi apps have been deployed, thus leaving the Pi Network price at the mercy of crypto market forces, with no real activity to create demand and push it higher.

另一个问题的问题是平台上缺乏分散的金融（DEFI）使用。没有部署过的Defi应用程序，因此将PI网络价格留在了加密货币市场力量的摆放下，没有真正的活动来创造需求并将其提高。

This lack of DeFi usage stands in stark contrast to other crypto projects. For instance, Chainlink has seen the deployment of numerous DeFi projects on its network, leading to increased demand for the LINK token.

与其他加密项目形成鲜明对比的是，这种缺乏使用的使用情况形成了鲜明的对比。例如，ChainLink在其网络上看到了许多Defi项目的部署，从而增加了对链接令牌的需求。

Furthermore, Pi Network community members have called for transparency on the $100 million Pi Network Ventures fund that was announced to promote innovative startups. So far, there have not been any developments that would show growth to the community.

此外，PI Network社区成员呼吁对耗资1亿美元的PI Network Ventures基金进行透明度，该基金宣布促进创新的初创公司。到目前为止，还没有任何发展向社区增长的发展。

This lack of transparency contrasts sharply with the actions of other crypto projects. For example, projects like AVALAX, which focuses on sustainability in the crypto space, have been actively engaging with their community and providing updates on their initiatives.

缺乏透明度与其他加密项目的行动形成鲜明对比。例如，像Avalax这样的项目（重点介绍了加密货币领域的可持续性），一直在积极参与其社区并提供有关其计划的最新信息。

Such projects are actively seeking to make a positive impact beyond simply maximizing profit, which aligns with the values of a growing segment of the crypto audience who prefer projects with a social conscience.

这样的项目正在积极寻求产生积极影响，而不是简单地提高利润，这与越来越多的加密受众群体的价值相吻合，而加密受众群体偏爱具有社会良心的项目。

Price Runs Into Troubles

价格遇到麻烦

With no network activity driving the Pi Network price, it has fluctuated with the crypto market. During the weekend, the altcoin saw an over 50% surge above $1.2. But this rally was short-lived as the price has since retraced and crashed back down below $1.

由于没有网络活动推动PI网络价格，它随着加密货币市场的波动而波动。在周末，Altcoin的增长超过1.2美元。但是，这次集会是短暂的，因为此后的价格已经回顾，并跌倒了1美元以下。

This struggle below $1 mirrors the lack of strong support as the community is still doubting the future of the token and are questioning whether the Pi Network team will deliver on its promises. If these promises do end up being a reality, it is likely that the Pi Network price does reverse and test for new highs this bull cycle.

低于1美元的斗争反映了缺乏强大的支持，因为社区仍然怀疑代币的未来，并质疑PI网络团队是否会兑现其诺言。如果这些承诺确实最终成为现实，那么PI网络价格可能会逆转并测试这个新高的牛周期。