Pi Coin Drops 30% Amid Token Release, Community Unrest

The Pi Network is currently navigating a challenging period as 119 million Pi tokens are scheduled to be released into circulation by the end of April 2025. This significant influx of tokens has resulted in a sharp decline in the price of Pi Coin, which has dropped by over 30% in just two weeks, reaching $0.59 on April 11, 2025. This downturn represents an over 80% decrease from the coin's February high, raising concerns about its future stability.

The price collapse has been intensified by increasing selling pressure and community unrest. The Pi Network community, particularly in Turkey, has expressed frustration over the delayed launch of the Open Mainnet and the lack of transparency from the core team. These issues have contributed to a sense of uncertainty and dissatisfaction among investors, further driving down the price of Pi Coin.

Despite these challenges, some analysts remain cautiously optimistic about the long-term prospects of Pi Coin. According to analysts' forecasts, the price of Pi Coin could range between $10.73 and $143.51 in 2025, depending on factors such as market adoption, exchange listings, and the successful launch of the Open Mainnet. However, for Pi Coin to regain investor confidence, the Pi Network must address the community's concerns regarding transparency and governance issues.

The recent price movements of Pi Coin have been volatile, with the MACD indicator showing a golden cross at 01:05 UTC on April 10, followed by a death cross at 13:35 UTC, which caused the market to enter a consolidation period. The RSI indicator reached the oversold level at 00:45 UTC, triggering a minor price rally that stabilized the Pi price near $0.5750. Another golden cross occurred at 08:55 UTC, guiding the price movement toward its $0.60 resistance area. However, a second death cross at 03:45 UTC caused a brief pause in upward price movement, and the RSI exceeded its overbought threshold at 08:25 UTC, indicating potential price fluctuations as bull momentum weakens.

Currently, the Pi Network operates within a consolidation channel where $0.57 serves as the support level and $0.61 as the resistance point. The future of Pi Network and Pi Coin will depend on how well they can navigate these challenges and potential falls. The successful migration to the mainnet and listing on major exchanges could help the network recover and regain investor confidence. However, the immediate focus must be on addressing the community's concerns and restoring transparency to ensure the long-term success of the Pi Network.