Pi Coin Drops 25% From Peak Amid Bearish Momentum
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币界网报道：Pi Network's native token Pi Coin has dropped 25% from its peak, signaling strong bearish momentum in the market. The decline follows a period of volatility as investors weigh the project's long-term viability amid delays in its open mainnet launch. Despite boasting over 35 million engaged users, Pi Network continues to operate in an enclosed ecosystem, with limited real-world utility for its token. Analysts note the price correction reflects growing skepticism about the project's ability to transition from a mobile mining app to a fully functional blockchain network. The team maintains development is progressing, but has not provided a clear timeline for full decentralization or exchange listings.
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