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Pi Network’s PI Token Plummets 21% Post-Consensus 2025—Crypto’s Latest ’Buy the Rumor, Sell the News’ Debacle

Pi Network’s PI Token Plummets 21% Post-Consensus 2025—Crypto’s Latest ’Buy the Rumor, Sell the News’ Debacle

Published:
2025-05-17 02:57:20
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Pi Network’s much-hyped Consensus 2025 appearance backfires as PI token sheds a fifth of its value overnight. The ’mobile mining’ project faces its first real stress test since mainnet launch—and the market isn’t impressed.

Behind the drop: No major exchange listings announced, staking rewards cut, and that familiar crypto smell of overpromising meeting underwhelming delivery. Traders who bought the pre-event hype got burned—again.

Silver lining? The sell-off puts PI back at Q1 2025 levels, creating what bagholders will call a ’buying opportunity.’ Meanwhile, traditional finance bros chuckle into their lattes—another day, another crypto pump-and-dump they’ll blame on ’market immaturity.’

Pi Network’s Pi Token Drops 21% In Last 24 Hours

Pi Network Price – Source: CoinMarketCap

Dr. Kokkalis revealed that the network is now completely decentralized and also shared plans to use blockchain for DeFi and digital identity. He also mentioned that PI could be used in the future for healthcare, education and e-commerce. 

The lack of specific timeframes caused frustration among the community, mainly because the mainnet was not launched as expected.This week, the Pi Core team also revealed they are launching a $100 million VC fund, called Pi Network Ventures, to encourage more DApp developers to join. 

However, some people point out that the platform is not mature enough and isn’t widely used yet. Dr. Altcoin, a well-known voice in the community, outlined a plan for recovery. forming a workable VC team in 6-12 months, supporting developers in 3-6 months and releasing top DApps in 1-2 years. 

He pointed out that a major exchange listing such as Binance, might boost the price of Pi Coin. At the same time, the trading volume has increased by 40% to $561 million, suggesting that people are selling more. 

As long as Pi’s results are not seen, investor confidence will remain low and the trend may keep going down.

Also Read: Fact Check: Is Binance Hinting at Pi Network crypto Listing?

    

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