Pi Network’s Token Plummets 87% From ATH Amid Migration Crisis and Community Backlash
Pi Network's token price has collapsed to $0.177, down 9.13% in the last 24 hours and a staggering 87% from its all-time high. The sharp decline coincides with growing community unrest over migration delays and perceived mismanagement by the Pi Core Team.
A viral post by influential community member 'Dr. Pi' declared the project effectively dead, citing frustration with the slow development pace and predicting further drops below $0.10. The backlash primarily stems from unequal migration processing—while some users have completed their second migrations, many are still awaiting initial KYC verification.
This operational imbalance has fractured the Pi ecosystem during what was meant to be its critical transition to full decentralization. Without immediate corrective action from the core team, the project risks losing its remaining community support and facing a complete loss of credibility.
