Pi Network’s ’Sleeping Giant’ Stagnation Tests Investor Patience Amid Protocol Delays
Pi Network's native token (PI) continues to underperform, trading at $0.2297—a 2% drop in 24 hours—as it fails to breach the critical $0.25 resistance level. The project's market capitalization has eroded to $1.91 billion, with trading volume down 16%, reflecting waning confidence amid stalled technical progress.
Crypto analyst Dr. Altcoin likens Pi Network to a 'Sleeping Giant,' citing prolonged delays in Protocol 23's transition from testnet to mainnet. 'At this pace, major upgrades like PiDEX won't materialize before 2026,' he notes, highlighting systemic bottlenecks in development timelines.
A strategic partnership with Web3 gaming studio CiDi Games offers a rare bright spot. Backed by Pi Network Ventures' investment, the collaboration aims to expand real-world utility through gaming integrations—a MOVE that could reinvigorate the ecosystem if execution matches ambition.
