Since that notorious mainnet debut, the expectations around Pi Network have ballooned with all the inevitability of spring snowmelt in the Urals. Now, with May 2025 hunched on the horizon like an impatient moneylender, the Pi of collective dreams stands no longer as a vaporous mirage but as a token marooned at the crossroads—one sign pointing to Glory, the other to “Please Insert Utility.”
Its euphoric launch feels as distant as a childhood summer. The brief flirtation with $3 was an affair soon abandoned, leaving Pi Coin inching downward: as of late April, it languishes near $0.6077—a deflation matched only by certain literary ambitions in Siberia. Last month, it surrendered 15% of its worth, as if imitating Russian roulette but forgetting to load any hope into the chambers.
Where other coins dance exuberantly to the beat of Bitcoin’s tambourine, Pi coils itself up for a nap. Early adopters—those who mined, those who bought—spend long evenings gazing at their wallets, muttering Dostoevskian laments, and contemplating whether the “Pi” in “Pi Network” refers to an endless, irrational disappointment.
Bitget Wallet’s own Alvin Kan, that modern oracle, points out what everyone at the community table already suspects: where once there was a great clamor, all mining and referral codes under heaven, now there is the soft, mournful whistling of low liquidity and the ennui of missed exchange listings. If Pi were any less wanted by the market, it might require therapy.
The Chaikin Money Flow, that priestess of financial soothsaying, signals that some capital still flows into Pi, though mainly to be washed away by a greater tide of sellers. Gains are swept offstage with the efficiency of an overzealous theater understudy. 📉
Technical augury tells its own story: Pi’s RSI hangs heavy at 38, flirting with oversold territory; MACD prepares to turn negative, as if inspired by Chekhov’s principle that every loaded technical indicator must eventually go off. The sideways dance between $0.59 and $0.67 continues—but the floor is creaking. A drop towards $0.5192, or perhaps its poetic, record low of $0.40, looms on the horizon like unseasonal frost.
April, the cruelest month, saw 21.4 million PI tokens unlocked (over $12 million’s worth, but who’s counting?), and the coming year promises even thicker crowds on the marketplace—131 million tokens monthly, queuing for attention like applicants at a bureaucrat’s window. Without a miracle—say, a full-dress token burn or a sudden, market-shocking update—supply may triumph and price may fall, imitating gravity rather than hope.
Still, hope remains: if Pi can break above $0.8727 and stake that claim as new support—well, even Moscow train stations occasionally see departures as well as arrivals. The dreamers refuse to let go.
But Pi must prove more than endurance. Meaning requires currency: not just in memes, but in real and defi utility, somewhere between cash registers and chainlink oracles. Only then does the project step out of adolescence and into its long-awaited maturity. May 2025 is unlikely to bring the moon, but it might just bring a beard.
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2025-04-29 22:49