While speaking at the Consensus 2025 event on Friday, founder and CTO of Pi Network Dr. Nicholas Kokkalis, delivered a keynote address speaking about how to leverage AI and blockchain infrastructure together to drive mainstream adoption. However, the Pi Coin price crashed another 16% in a few hours, showing strong disappointment within the Pi community. Market analysts believe that the altcoin can drop all the way to the April lows of $0.4.
Pi Network Plans Face Criticism
Earlier this week, Pi Core team announced Pi Network Ventures, a $100 million VC fund initiative to build Dapps on the platform. However, the Pi community showered major criticism on knowing that the adoption of the platform is nowhere close to what was hyped by the Pi Core team. This means that the network would just start from scratch and would have nothing much to attract DApp builders to the platform.
At the Consensus 2025, Dr. Nicholas Kokkalis spoke of further plans for a global adoption of the network as well as the native Pi Coin. He spoke on three different verticals:
AI and Blockchain Synergy: Dr. Kokkalis stressed the combined power of AI and blockchain in enabling practical, real-world applications, offering solutions that bridge technical innovations with everyday use.
Global Solutions in DeFi and Digital ID: Pi Network is preparing decentralized finance (DeFi) and digital identity systems for worldwide adoption, aiming to create accessible tools that meet global needs.
Decentralization Milestone: The transition to a fully decentralized ecosystem has been achieved, with Pi platform disabling its central node to ensure greater network autonomy.
Dr. Kokkalis also highlighted upcoming use cases for Pi cryptocurrency in key industries, including e-commerce, education, and healthcare.
However, the community feels that these are Dr. Kokkalis failed to give a timeline for the above roadmap. Furthermore, with a continuous delay in the Open mainnet launch, the community is losing trust in the Pi Core team.
Dr. Atlcoin Talks About the Future of Pi
Dr. Altcoin, a popular voice within the Pi community, has shared his expectations about the future of Pi. Below is what he expects to revive the project:
Pi Network Ventures should establish within 6-12 months with a fully functional team.
Selection and vetting of quality projects and DApp builders in the next 6-12 months.
Disbursing funds to developers and startups in 3-6 months.
Building high-quality, standard-compliant DApps within next 1-2 years.
A major exchange listing would be a bonus, helping Pi Coin price surge ahead.
Pi Coin Price Crash to $0.4 Coming Soon
Pi Coin price has come crashing down another 16% to $0.71, now losing more than 50% from the May peak of $1.5. Additionally, the daily trading volume has surged 30% to $552 million, showing a strong selling pressure. Dr. Altcoin noted that in the absence of any major announcement like a Binance listing, the altcoin can once again visit its April lows of $0.4.
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Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
