Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Pi Network News: Why Pioneer’s Think Pi is ‘Dead’ Amid 10% Price Crash

Pi Network News: Why Pioneer’s Think Pi is ‘Dead’ Amid 10% Price Crash

CoinpediaCoinpedia2026/06/10 21:36
By:Coinpedia

Pi Network is once again under fire as community members raise new concerns about adoption, token supply, and transparency.

.video-sizes{ width:100%; } .header_banner_ad img{ width:100%; border-radius: 8px; } .header_banner_ad{ margin: 35px 0; padding: 10px 35px 20px; border-radius: 10px; } @media (max-width: 767px) { .header_banner_ad { padding: 2px 8px 2px; } }

In a recent post, one Pi supporter argued that the excitement around Pi Coin has largely faded. According to the user, upgrades and development alone may not be enough to push the price higher. They believe Pi Network now needs major partnerships with companies such as Amazon or Uber that could actually use PI in real-world transactions.

Pioneer’s comment:

“I think $Pi is done. All the hype is gone. No matter what upgrades or development they will do, it will not affect it's price up..Unless they do some partnerships with huge companies like Amazon or Uber that will utilize the token..But if no major…

— CryptoXD (@CryptoXDElon) June 10, 2026

The comments come as investors continue debating whether Pi Network can deliver meaningful utility after years of development.

Pi Network News: Why Pioneer’s Think Pi is ‘Dead’ Amid 10% Price Crash image 0

Is Supply a Problem?

Users also raised concerns about Pi’s tokenomics and future supply. He noted that roughly 4.5 billion Pi tokens are currently circulating out of a maximum supply of 100 billion tokens. In his view, the current circulating supply represents only a small fraction of what could eventually enter the market.

Technically, 4.5 billion out of 100 billion (just 4.5%) are in real circulation at $0.12 per Pi. None of the other numbers really matter!

What may happen to the price when the real circulation supply hits 100B? Hmm, possibly $0.001?!

A failed team couldn’t even build a single… pic.twitter.com/nYGYLeRZib

— CryptoXD (@CryptoXDElon) June 9, 2026

They questioned what could happen to the price once more tokens are unlocked, suggesting that increasing supply without matching demand could put pressure on Pi Coin’s value. He also criticized the project’s progress, arguing that after nearly eight years of development, the team has yet to build a major utility capable of driving widespread adoption.

While Pi supporters continue to point to future ecosystem growth and development plans, the latest comments highlight ongoing concerns around utility, adoption, and long-term value. For now, the debate over Pi Network’s future remains as active as ever.

Pi Network: New Transparency Concerns Surface

Community member AmrOnChain also questioned Pi Network’s funding model. He claimed on-chain data shows Core Team wallets moving millions of PI tokens to exchanges and wondered whether those transfers are adding selling pressure. He also asked why the recently announced $100 million Pi Ventures fund would need fiat funding if PI is meant to power the ecosystem. 

💬 PIONEERS — If Pi is real money, why is the Core Team selling it for fiat instead of using it to fund the ecosystem? 🤔

It says right in the disclaimer: "Pi is NOT free money… a long-term project… If you are looking for quick money, look elsewhere."

Fair enough. But then… pic.twitter.com/qQNv3oWw5N

— amrOnChain (@amr_nannaware) June 9, 2026

According to him, developers and community projects could potentially be rewarded directly in PI. While he made no accusations, he called for greater transparency around treasury management and ecosystem funding. 

What about Pi Price?

Pi Coin remains under pressure after falling nearly 10% this week and losing the key $0.13 support level. Although PI bounced from its all-time low near $0.118, the recovery remains weak. 

Bulls need to reclaim $0.137 and eventually break above $0.168 to regain momentum. Otherwise, a drop below $0.118 could open the door to a move toward $0.10. 

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!