Pi Coin: Project Founder Explains the Price Drop
As Pi Coin's price hovers near recent lows, drawing concern from its expansive community, Dr. Nicolas Kokkalis, co-founder of Pi Network, has stepped forward to explain the current market conditions and reassure "Pioneers" about the project's long-term vision.
According to report by Coinpedia his tweet clarify why Pi’s price might be low right now and offer a perspective on its future trajectory.
The primary reason for Pi’s current price dip is the broader global crypto correction impacting the entire market. He emphasized that this downturn is “hitting all major coins — not just Pi.”
He specifically noted that giants like Bitcoin, Ethereum, and Solana have recently experienced significant dips, dragging overall market sentiment down and affecting even projects like Pi Network.
However, Dr. Kokkalis highlighted several unique aspects that differentiate Pi Network’s situation:
- Enclosed Mainnet Status: Pi is currently still operating within its Enclosed Mainnet phase, meaning its full potential and liquidity are yet to be realized on open markets.
- Utility-Based Growth: Despite the price, real utility-based growth is actively happening within the ecosystem.
- Strong User Base: The project boasts over 50 million users who remain committed.
- Ecosystem Development: Genuine applications are continuously being built on the Pi ecosystem.
Dr. Kokkalis firmly stated that the current situation is “a temporary phase — not a crash.” He reiterated that Pi’s “real market value will be discovered” once the Open Mainnet is unlocked and the coin gets listed on major exchanges.
He concluded his message with a call for resilience: “Stay strong, #Pioneers — accumulation phase never looks like victory.” This outlook aims to reinforce the community’s resolve, focusing on the long-term potential and the foundational work being done, rather than short-term price fluctuations.
IMPORTANT UPDATE
Please note that the original article from which this information is derived was sourced from Coinpedia. The X account referenced in the source material, which appears to be attributed to Dr. Kokkalis (founder of Pi), is not his official or real account. It is a fan account with approximately 118K followers. Readers should be aware that statements or analyses from this specific X account do not directly represent the views or official communications of Dr. Kokkalis or the Pi project.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
