Pi Network’s PI Dumps to Local Lows as New Updates Fail to Boost Investor Sentiment
The group behind the Pi Network venture has launched quite a few updates, reward distributions, initiatives, and all kinds of optimistic bulletins up to now few months, however the total impression has been fairly restricted.
Aside from a short spike propelled by the hype across the itemizing on Kraken, the native token’s worth stays extremely depressed, whereas the neighborhood continues to query the Core Team’s actions.
Investor Sentiment Still Low
CryptoPotato has repeatedly reported on Pi Network’s consecutive updates for the reason that starting of the 12 months. They started with transferring to protocol model 19.6, adopted by v19.9 in early March, and the extremely necessary v20.2, which was introduced on Pi Day (March 14) 2026. It carried such significance as it laid out the basics for the community to start providing smart-contract options.
The subsequent one, model 21, was promised to be efficiently accomplished by April 6, and the group announced the migration round that date. In the meantime, they’ve additionally begun the second migration, permitting token holders to migrate their property to Mainnet, and introduced an RPC server for Pi Testnet.
Last however not least, the Core Team highlighted one other necessary side of its providers: rewards distribution. In a submit from final week, they said the primary batch had been efficiently delivered straight to eligible validators’ Mainnet wallets after the completion of greater than 526 million validation duties by greater than one million such individuals.
Despite all these optimistic developments, although, the vast majority of the feedback beneath the Core Team’s posts on X are nonetheless criticizing the shortage of precise progress, they usually deal with two predominant matters: their incapability to entry their property regardless of finishing KYC necessities, and the native token’s constant decline.
PI Keeps Dropping
The solely growth that managed to impression PI’s worth efficiency up to now few months was the itemizing on Kraken in March. More exactly, the hype concerning the itemizing. The token skyrocketed earlier than and after the announcement, surging from $0.18 to nearly $0.30.
However, as soon as the asset went reside for buying and selling, it turned one other basic ‘sell-the-news’ occasion. The hype shortly disappeared, and PI plunged by over 50% in 48 hours or so. Since then, it has failed to preserve the $0.20 support-turned-resistance. As of press time, it even trades beneath the pre-Kraken-listing degree as it dipped to a 7-week low at $0.165 earlier at the moment.
With over seven million tokens to be unlocked on common within the subsequent month, the possibilities for a extra profound correction are nonetheless fairly high. Data from PiScan reveals that April 15, 16, and 17 will see the best quantity of launched tokens, with over 60 million PI in simply these three days.
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