Investors Flee Pi’s Promises, Chase Real Utility in Remittix

[1] Pi Network, the mobile-based cryptocurrency platform launched in 2019 by Stanford graduates, continues to face challenges in delivering on its promises of real-world utility and liquidity. Despite boasting a user base of over 120 million, the platform has struggled to gain traction on major exchanges, with its coins still largely unlisted and trading in unofficial markets. As of September 2025, Pi (PI) trades at around $0.34–$0.35, but analysts warn of potential further declines as the token remains in a tight trading range with weak volume and bearish technical indicators. The lack of major exchange listings, unresolved governance concerns, and limited real-world adoption have kept Pi in a liminal phase, despite its large community and active social media presence.

[2] The project’s roadmap has included several key milestones, including the transition to an "open mainnet" in February 2025 and protocol upgrades from version 19 to 23, aimed at improving scalability and compliance. These upgrades were intended to facilitate broader adoption and regulatory acceptance, yet Pi’s ecosystem remains constrained by liquidity issues and unclear migration timelines. The Pi team has cited KYC (Know Your Customer) verification and regulatory compliance as reasons for delays, but these explanations have not quelled growing frustrations among users. Many Pioneers, who have mined thousands or even millions of Pi coins, remain locked out of trading their holdings as the migration process has stalled, with over 44 million accounts still in tentative status. The three-year lockup period does not begin until migration is complete, meaning that a significant portion of Pi’s user base may wait years before their tokens can be used or traded freely.

[3] Security concerns have also emerged as a critical issue for the Pi community. A recent alert identified a scam wallet linked to multiple thefts of Pi tokens, prompting the Pi Core Team to introduce new security features such as PassKeys and the Pi Safety Center. PassKeys enhance wallet security by enabling device-level authentication, reducing the risk of phishing attacks and unauthorized access. The Safety Center serves as a central hub for users to report suspicious activities and access verified guidance on protecting their assets. These measures are particularly important as Pi prepares for a potential second token migration, which could address unresolved issues from the first phase, including unverified balances and referral bonuses. However, despite these upgrades, the Pi token’s price has remained relatively stagnant, trading at around $0.3468 with only a modest 1% gain in the past 24 hours.

[4] Meanwhile, investor sentiment in the crypto space is shifting toward emerging projects that offer more tangible use cases and real-world utility. Remittix (RTX), a PayFi token focused on cross-border payments, has gained significant attention for its practical applications in converting cryptocurrencies into fiat across 30+ countries. Backed by a presale that has raised over $24.3 million and sold more than 649 million tokens, Remittix is being positioned as a high-growth opportunity with projected returns of up to 30x in 2025. The project’s Pay API allows businesses and individuals to integrate Remittix into their financial operations, while its upcoming wallet beta launch in Q3 2025 aims to provide cross-border utility for real users. Analysts highlight Remittix’s strong investor demand and confirmed listings on exchanges like BitMart as key catalysts for its momentum.

[5] In contrast, Pi’s struggles underscore the challenges of transitioning a speculative project into a functional ecosystem. While Pi has demonstrated an ability to build hype and attract a large community through referral-based growth and daily engagement, it has yet to deliver on its promises of utility and governance transparency. The lack of a clear timeline for listings, unresolved governance concerns, and limited merchant adoption have kept Pi in a state of uncertainty. Critics argue that Pi’s reliance on hype and social media engagement is not a sustainable path to success, especially as new projects like Remittix and XRP gain traction with more concrete use cases and institutional backing. Unless Pi can address its liquidity, governance, and real-world adoption challenges, it risks being relegated to the same category as other overhyped but underdelivering crypto projects.

[6] The broader crypto market, however, shows no signs of slowing down. With cross-border payments projected to grow from $194.6 trillion in 2024 to $320 trillion by 2032, the demand for innovative solutions like Remittix is likely to increase. Financial institutions and investors are increasingly prioritizing projects that offer tangible utility, real-world integration, and transparent governance structures. As the industry continues to evolve, Pi’s ability to transition from hype to execution will be critical in determining whether it can compete with newer, more utility-driven projects. For now, the spotlight remains on projects that can demonstrate immediate value, leaving Pi to navigate the challenge of turning its massive user base into a functional and sustainable ecosystem.

Source:

[1] What Keeps Pi Network Alive? (https://www.ccn.com/education/crypto/pi-network-secret-hype-despite-uncertainty-explained/)

[2] Pi Network Scam Wallet Exposed as Community Sounds ... (https://coinpedia.org/news/pi-network-scam-wallet-exposed-as-community-sounds-alarm/)

[3] Can Pi Network Fix Its Know Your Customer (KYC) Process? (https://beincrypto.com/pi-network-kyc-delays-credibility-concerns/)

[4] Market Analysts Universally Agree That Remittix ... - Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1101603-20250906)

[5] Remittix vs Pepeto vs BlockDAG, the top predicted crypto ... (https://coinpedia.org/press-release/remittix-vs-pepeto-vs-blockdag-the-top-predicted-crypto-presale-to-buy-now/)

[6] Remittix Backed As The Best Crypto Presale To Buy Now ... (https://www.livebitcoinnews.com/remittix-backed-as-the-best-crypto-presale-to-buy-now-over-chainlink-cardano-after-smashing-crypto-records/)