"Mobile-Mining Pi Coin Nears Breakthrough—But Institutional Doubts Linger"

The digital asset Pi Network, known for its mobile-mining model, has recently witnessed a modest recovery in its token price, marking a potential reversal following weeks of subdued market activity. As of the latest data, Pi Coin (PI) has seen an increase of approximately 5% over the past week, according to tracking platforms. However, despite the price movement, broader market adoption remains limited, and institutional investment channels have yet to show significant interest in the asset.

One of the key developments in the Pi ecosystem has been the launch of the Valour PI ETP, an exchange-traded product designed to provide investors with exposure to Pi Coin through regulated European markets. However, the ETP has struggled to attract volume since its inception. Traders and analysts have noted that the ETP has traded below $1 million in daily volume on most days, a figure far below the benchmarks typically observed for comparable digital asset ETPs. This lack of traction is attributed to a combination of low investor awareness and skepticism around Pi’s utility and underlying technology.

Critics argue that Pi Coin’s unique mobile-mining model, while accessible to a broad audience, lacks the technological robustness and security features of more established proof-of-work or proof-of-stake protocols. Additionally, Pi Network has yet to transition from its testnet to a fully functional blockchain, raising concerns about its long-term viability. Analysts have pointed out that the absence of a clear roadmap for mainnet activation continues to deter institutional buyers and speculative investors.

On the positive side, community engagement within the Pi Network remains relatively strong, with active participation from users across multiple countries. The network reportedly boasts over 25 million registered users, with a growing number engaging in social media-based transactions and governance initiatives. While these activities may not yet translate to financial value, they indicate a level of grassroots support that could serve as a foundation for future growth.

Industry observers remain cautiously optimistic about Pi Coin’s potential, though they emphasize that broader acceptance and regulatory clarity are prerequisites for mainstream adoption. Some analysts suggest that the recent price rebound may be short-lived without a corresponding increase in transaction volume and real-world use cases. Until the project demonstrates tangible progress in these areas, skepticism is expected to persist among traditional investors and market participants.