The Pi Network, once hailed as a revolutionary mobile mining project, is now facing significant skepticism and a potential collapse. The project's history of constant delays, particularly with its "enclosed mainnet," has prevented users from freely trading their mined tokens. While Pi Coin has been listed on some exchanges like OKX, its price has plummeted, and many platforms have started delisting it due to liquidity concerns.
The lack of transparency from the development team and a stalled migration plan are adding to the community's doubts. Without a clear path to a fully open mainnet, the tokens held by users remain practically worthless outside of the network.
Analysts are now giving Pi Network a grim outlook, arguing that its lack of fundamental value and unique utility makes it unable to compete with established blockchains. Unless the project can prove it has a real plan for migration and adoption, its future looks bleak.
August 2025, Cryptoniteuae