The Pi Network (PI) price is struggling to keep up with the ongoing crypto bull run, even as major cryptocurrencies like Bitcoin (BTC) surge to new highs. PI was trading at $0.8100 on Thursday, down 2.18%, and well below its recent peak of $0.8610. More worryingly, the token sits 73% lower than its all-time high.
Why Is Pi Coin Falling While the Market Rises?
While most altcoins have seen impressive gains, Pi Network seems to be heading in the opposite direction. Despite the launch of Pi Network Ventures — a $100 million fund aimed at supporting startups building on the Pi ecosystem — investor confidence remains shaky.
Several red flags continue to hold the project back, including:
- Concerns over centralization
- Unclear tokenomics
- Large-scale token unlocks
- Lack of listings on major crypto exchanges
Insider Activity Raises Transparency Issues
A major concern among the Pi Network community is the lack of transparency regarding token sales by the Pi Foundation. According to a blockchain analyst known as Dr. Altcoin, the foundation is allegedly linked to 22,000 wallets holding over 92 billion Pi tokens.
He also pointed out a suspicious transaction where 1.4 million Pi tokens were transferred from an old wallet to a new one — later sold on Gate.io, one of the few exchanges that currently support Pi Coin. Similar patterns were observed via the PiScan blockchain explorer.
What This Means for Pi Network Investors
If these concerns aren’t addressed soon, Pi Network could miss out on the current bull market momentum. The lack of major exchange listings, combined with growing doubts about decentralization and insider token activity, continues to put downward pressure on the price.
Meanwhile, Bitcoin has broken past $111,000, and altcoins are experiencing double-digit gains. But unless Pi Network improves transparency and expands its market presence, its price might remain stuck in a downward trend despite the broader market’s bullish outlook.
