Pi Network Faces $0.30 Price Drop Warning After Mantra Crash

Pi Network, a cryptocurrency project, is currently in the spotlight as it prepares for its Open Mainnet transition. Dr Altcoin, a cryptocurrency analyst, has issued a stern warning to the PiCoreTeam (PCT), urging them to learn from the recent Mantra (OM) crash. The analyst cautions that Pi Network risks a similar fate if it does not establish stronger safeguards and transparency protocols before its mainnet launch.

The OM crash, which saw Mantra’s price plummet from $6.32 to $0.57, wiping out billions in market capitalization overnight, has raised concerns about the stability of emerging cryptocurrency projects. Dr Altcoin emphasizes that Pi Coin could face a similar outcome without implementing essential protections, especially given the network’s persistent issues with transparency and Know Your Customer (KYC) procedures.

The Mantra crash serves as a cautionary tale for the Pi Network, highlighting the risks that unprepared blockchain projects face during major transitions. Dr Altcoin stresses the importance of building essential market mechanisms and investor safeguards to prevent a similar collapse. He notes that the OM incident is a wake-up call for the entire crypto industry, underscoring the need for stricter regulations and better preparedness.

Dr Altcoin also raises concerns about the PiCoreTeam’s transparency track record. He points out that the growing criticism of the team’s lack of openness has been a consistent part of recent Pi news. This concern is particularly related to the Pi Coin’s locking and burning mechanisms, which could seriously decrease community trust during the public mainnet transition. Persistent delays in the Know Your Business (KYB) process have already driven projects like PiDaoSwap to move to external platforms, hinting at structural inefficiencies that could harm the broader Pi ecosystem. Dr Altcoin believes fast-tracking KYB approvals is critical to retain developer and user confidence.

Despite the recent Pi Coin price surge to $0.61, Dr Altcoin remains skeptical. According to the analyst's forecast, there is a potential Pi price drop to $0.30 if PCT does not introduce stabilization measures. A flood of Pi tokens entering exchanges could worsen Pi Network price volatility without proper control mechanisms, damaging investor confidence. Additionally, Pi miners are reportedly losing faith as mining yields diminish, prompting many to exit the ecosystem. The Pi miner capitulation adds urgency to the need for the PiCoreTeam to address foundational issues before the public mainnet launch.

Recent developments highlight a path full of both potential and risk for Pi Network. Dr Altcoin suggests that the lessons of the Mantra crash should catalyze immediate action. Key among his recommendations are establishing Pi Coin price controls, accelerating KYB/KYC verification processes, and committing to full transparency about tokenomics and project governance. The PCT’s ability to act on these warnings could determine whether Pi grows or fails. As Dr Altcoin concludes, “Unless the PCT implements measures to stabilize the price, we could see Pi drop to around $0.30 in the coming months, before a potential recovery starting at the end of August 2025.” All eyes are now on the PiCoreTeam to see if they can take the necessary steps to ensure the project’s success.