Pi Network Faces Market Turmoil as Insiders Offload Millions—Is This Just the Beginning?
Whales are bailing. The once-hyped Pi Coin sees massive insider sell-offs, sparking fears of a deeper collapse.
Analysts warn the project—still struggling to prove real-world utility—may be heading for a reckoning. ’When the founders dump, you pump... or run,’ quipped one trader.
With no clear use case beyond speculative trading, Pi’s ’mobile mining’ narrative looks shakier than a DeFi rug pull. Welcome to crypto’s latest stress test.
Pi Network sees its fortunes fade
Pi Network’s PI coin debuted on exchanges earlier this year after releasing its long-awaited open mainnet launch on February 20. After four years of testing, users could finally MOVE PI off the app and into exchanges, driving a quick rally to $2.99 from $0.87 at launch.
As of May, Pi’s user base has topped 60 million, with more than 19 million completing KYC. There are now over 25 dApps on the network, including PI domain name auctions and the PiFest shopping marketplace.
However, excitement has started to wear thin. Smart contracts still aren’t live. Only 23 validator nodes are running, and the codebase is still closed-source despite promises to make it open-source.
Source: CoinGecko
Price performance has been volatile this month. The price crashed from $1.60 to under $0.70 as HYPE around Consensus 2025 announcements failed to live up to expectations. That came alongside 12 million PI allegedly being dumped by the team, fueling accusations of a rug pull.
The pressure to deliver now is stronger than ever, and even with a $100 million Pi Ventures fund announced, PI has effectively flatlined. So what do Pi Network price predictions expect in the weeks and months ahead?
Pi Network price prediction: Analysts brace for impact
June is shaping up to be a dire month for Pi Coin. At $0.70 as of May 29th, analysts are keeping a close eye on a few key levels. May 17th’s $0.675 low is the most prominent near-term support. If sentiment sours further, CoinDCX thinks PI could slip back to $0.58, where May’s rally began.
That said, there’s still talk of a recovery if buying pressure picks up, with CoinDCX analysts seeing a run toward $1.20 or higher, though that’s a stretch given Pi Network’s fundamentals.
July brings a bit more optimism. If momentum returns, the price might hold between $1.20 and $1.50, with late-month volatility offering a potential push toward $1.80. Still, more cautious CoinCodex predictions see PI struggling to break above $0.58.
Ultimately, there’d need to be a significant turnaround in Pi Network’s fortunes—like big ecosystem upgrades or a new listing—for PI to settle back into a bullish trend. A breakout above the local $0.85 high WOULD be the positive sign needed for PI bulls, but for now, it’s best to look elsewhere.
Remittix keeps building
While some Pi Network flounders, Remittix is only gaining momentum in its presale after raising $15.4 million. Remittix is the crypto-to-fiat off-ramp that lets anyone convert over 100 cryptocurrencies into fiat and send the money straight to any global bank account with a flat fee and no waiting around.
The team recently revealed the first look at the Remittix Wallet—a non-custodial app built for speed, clarity, and real-world transactions. Beta testing kicks off in Q3 2025, with a full release to follow. On the business side, Remittix offers its Pay API and merchant accounts that support 30+ fiat currencies and 50+ crypto pairs for straightforward crypto payment acceptance.
Everything is being developed with licensing, compliance, and real-world use in mind. In a $194 trillion cross-border payments industry where crypto is playing a growing role, that’s big.
Pi Network is bearish for now
Pi Network might’ve looked good earlier this year, but the near-term looks less than favorable. Predictions are largely negative and confidence is low, while Remittix looks strong. It’s building real utility with global reach, and nearly 20,000 investors have bought in. That makes for a much more compelling investment.
: https://remittix.io/
https://linktr.ee/remittix
