Pi Network (PI) and the Confidence Math: Is the $3 Surge a Dream or a Mirage?
The Popular Mobile Mining Altcoin Is Struggled With Unfulfilled Expectations, Is Pi Coin Still Strong Enough to Break Out of the Doubtful Zone?
Pi Network (PI), a pioneer in mobile cryptocurrency mining, continues to experience volatile days as expectations of maintaining the $1 price level gradually fade away. After briefly surpassing the $1 mark on May 11, 2025, Pi quickly corrected back below the important psychological threshold, drawing a wave of skepticism from the user community – Pioneers who once had absolute faith in the project.
Community Confused: Is the $100 Million Fund Not Enough to Keep the Fire Burning?
Although Pi Network has announced a $100 million Pi Network Ventures investment fund to boost the development of the dApps ecosystem on the network, that is not enough to ease the frustration that has accumulated over the years.
According to a recent survey, more than 60.6% of users felt “very disappointed” with the latest announcement from the core team at the Pi Consensus 2025 event. The wait of more than 6 years for a truly operational decentralized network and effective dApps has caused many Pioneers to lose faith.
However, there are still positive signs: 29% of survey participants said they were “very satisfied” with the new direction, showing that a part of the community still has faith in the future of the project.
Pi Price Decouples from Bitcoin: Independence or Negative Signal?
It is worth noting that Pi coin has not been following Bitcoin (BTC) closely – a rare occurrence in the altcoin market, which usually follows the trend of the leading asset. Since last week, Pi price has dropped 35.5%, while BTC has stabilized and recorded a slight increase.
This decline reflects negative sentiment and a lack of new momentum from the market, especially when Pi has not yet been officially listed on major exchanges such as Binance or HTX – despite previous rumors and clues.
Technical indicators further reinforce the cautious sentiment:
The CMF (Chaikin Money Flow) index is negative, reflecting large money outflows.
Stochastic RSI shows Pi is in the overbought zone – a common sign before price corrections.
Pi's current price is $0.72, just 4 cents below the lower Bollinger band, suggesting the possibility of further strong volatility.
$3 Target – A Far-fetched Vision?
The $3 price was once expected when Pi Network switched to mainnet in February 2025, with a peak market capitalization of $13.55 billion. However, the current market capitalization is only around $5.26 billion, showing a clear retreat from investors and the market.
To reach the $3 price level again, Pi needs a large liquidity injection, strong support from the community, and fundamental factors such as CEX listing, practical dApps, and clear commercialization potential.
Token Unlock Pressure: The Flood Is Coming?
Another factor that cannot be ignored is the pressure from the large amount of Pi tokens that are about to be unlocked. According to data from PiScan, there are 271.26 million Pi tokens that will be released in the next 30 days. Without a plan to control and absorb this supply, the market will face the risk of a strong sell-off.
Why does this matter?
Pi Network currently connects more than 60 million global users, of which more than 10 million have been on the mainnet and nearly 20 million have completed KYC. This is a huge community that can create a huge network effect if the project finds the right direction again. However, in the short term, the Pi Coin price increase depends largely on community trust and concrete steps from the development team.
Conclusion
Pi Network is at a crossroads: either become one of the most groundbreaking Web3 ecosystems ever seen – or continue to be stuck in a chain of delays and skepticism. With time being the biggest enemy of expectations, Pi needs more than ever tangible, clear and transparent steps to turn the $3 dream into a reality, instead of a fading illusion.