Pi Network’s $PI Coin Dips: Understanding PiCoreTeam’s Goals Amid Panic

According to CoinMarketCap data, the price of Pi Network’s $PI coin has dropped to $0.63 today, a nearly 8% decline in the last 24 hours. This dip, the first time the coin has fallen below $0.7 in over a month, comes after a promising start following the Open Network launch. 

For the millions of Pi Network dedicated users, otherwise called Pioneers, the sudden downturn has sparked concern and uncertainty. Yet, Pi Core Team, the group steering this ambitious cryptocurrency project, remains focused on long-term goals rather than short-term market fluctuations. 

In light of the concerns raised amongst Pioneers, this article explores the team’s vision, recent efforts, and whether they are focusing on the current price dip, offering clarity for a community on edge.

PiCoreTeam’s Core Goals: Accessibility and Beyond

The price of any protocol’s native asset is key to its long-term progress, and the same can be said of Pi Network. However, the core team’s mission is clear: to democratize cryptocurrency. Their website outlines key objectives, including making Pi a “safe entry point” into blockchain for novices, building a Web3 ecosystem with practical applications, and fostering a community-driven network. 

Unlike many crypto projects fixated on speculative trading, Pi emphasizes fairness in mining, free via mobile, and security for its blockchain. Still, this does not mean that the price of PI is neglected. 

The team also envisions Pi as a cornerstone of the next technological wave, blending blockchain with real-world utility. This ambition is rooted in the founders’ academic backgrounds. Kokkalis in computer science and Fan in social sciences, aiming to solve adoption barriers like complexity and cost, as noted on their official site.

Post-Open Network Moves: Building Utility, Not Hype

Since the Open Network launch, PiCoreTeam has doubled down on expanding Pi’s ecosystem, contrasting with the current price woes. Recent initiatives highlight this focus:

• PiFest Success: As highlighted in our recent publication, the first PiFest after the open network, wrapping up around March 21, 2025, saw over 125,000 registered sellers and 1.8 million Pioneers engaging via the Map of Pi. The event encouraged local shopping with Pi, showcasing its real-world potential.
• .pi Domains Auction: Launched on Pi Day (March 14, 2025), this platform lets developers secure .pi domains, enhancing network utility. Community apps meeting guidelines can claim domains without bidding until May 28, 2025. 
• Security Boost: In late March, Pi introduced email-based two-factor authentication (2FA) for wallet confirmation, addressing SMS verification issues and bolstering trust. 

These steps signal a commitment to long-term growth, even as the $PI coin price stumbles.

The Price Dip: Why Pioneers Are Panicking

$PI is currently down from its post-launch highs, which saw the asset hit an All-Time High of $2.98 on February 26. This significant drop follows a period of stability above $0.7, fueling unease among Pioneers who expected steady gains. The coin’s absence from major exchanges like Binance, despite a listing on OKX Exchange, has added to the tension. While most Pioneers see Binance listing as unnecessary, it will be a massive milestone if the coin is listed on the leading Centralized Exchange. 

Speaking of the notable price dip, some Pioneers point to a lack of transparency around mechanisms like coin locking and burning as a hurdle to broader adoption and price stability.

For Pioneers, many of whom have mined Pi for years without cost, the dip feels like a betrayal of the project’s promise. On the other hand, it may just be the case of users who expected too much, with some predicting PI to hit $314 before it went live.

In the meantime, X has been the most widely used platform for Pioneers, who have consistently vented their frustrations about the asset’s price. Nonetheless, the Pi Core Team has yet to issue a direct statement on the price, focusing on enhancing adoption and building the Pi ecosystem with real-world utilities.

X posts and Blog updates from early March emphasize community engagement. This approach aligns with their long-term vision to build utility and adoption. Critics, however, argue that this silence on price volatility risks alienating users. Still, events like PiFest and the .pi Domains rollout offer tangible progress, potentially calming nerves by proving Pi’s growing footprint in the Decentralized Finance (DeFi) industry.

One positive, despite the panic among most pioneers, is the faith that some of the network’s Key Opinion Leaders (KOLs) have in the long-term growth of the mobile mining blockchain platform. As seen on X, some have constantly urged pioneers to keep accumulating the asset.

What’s Next for Pi Network and $PI Coin?

Looking ahead, PiCoreTeam’s strategy hinges on scaling utility and security. The .pi Domains Auction, for instance, could spawn new apps, while 2FA enhancements protect users as they migrate to the Mainnet blockchain. A major exchange listing could also lift $PI’s profile and price, though transparency issues are a sticking point.

For Pioneers, the message is patience. The team’s focus on Web3 infrastructure over quick profits may not satisfy those seeking instant returns, but it aligns with Pi’s founding ethos. They must weigh their trust in Pi’s potential against market realities. As the network evolves, its success will depend on balancing its ambitious goals with the practical needs of its community.