Pi Network Pressured to Prove Utility as Market Cap Hits $3.4B, Price Dips 5.52% in Week

Pi Network faces mounting scrutiny as its market capitalization reaches $3.4 billion, a milestone that has intensified demands for tangible utility. The token’s price has declined by 5.52% over the past week, dropping from a peak of $0.51 to $0.44, despite a 24-hour trading volume of $103.79 million. With a circulating supply of 7.71 billion tokens and a fully diluted valuation (FDV) of $44.13 billion, the project’s valuation metrics contrast sharply with growing skepticism about its practical applications [1].

Community frustration has escalated, with prominent Pi advocates publicly urging the Core Team to prioritize execution over prolonged planning. “Now that the network has completed years of preparation and testing, the @PiCoreTeam needs to move forward and faster, not backwards,” wrote @TheTimesofPiNetwork on X, reflecting widespread impatience. Similarly, user @PiFortunemarket criticized delays in delivering tangible utilities, particularly after the delayed mainnet launch. These calls highlight a shift in investor expectations: stakeholders are increasingly prioritizing measurable outcomes over aspirational roadmaps [1].

While defenders cite innovations like the $100 million Pi Ventures fund and AI App Studio as proof of the project’s potential, market dynamics suggest limited traction. The token’s absence from major exchanges constrains liquidity and adoption, and recent volatility—a midweek surge to $0.51 followed by a 14% correction—underscores uncertainty. Analysts note that Pi’s FDV already exceeds the market caps of several exchange-listed altcoins, yet its real-world utility remains unproven [1].

The project’s next challenge lies in converting community-driven growth into functional use cases. Despite a loyal user base, unmet expectations risk eroding trust. Analysts emphasize that partnerships or integrations, such as merchant adoption or DeFi applications, will be critical to justifying its valuation. Until the Core Team delivers concrete applications, investors may remain cautious, balancing faith in the project’s vision with pragmatic concerns about its execution [1].

As Pi Network navigates this inflection point, its ability to bridge the gap between aspirational goals and practical utility will determine its long-term viability. For now, the token sits at a crossroads, supported by its community but weighed down by the pressure to deliver on unfulfilled promises.

Source: [1] [title: Pi Network Pressured on Utility as Market Cap Hits $3.4B] [url: https://coinfomania.com/pi-network-pressured-on-utility-as-market-cap-hits-3-4b/]