The 70-million deep Pioneer community is continuously grilling the Pi Network (PI) core team’s updates. What started with the majorly disappointing .Pi domain auction updates last month, now has carried on to Pi core’s latest message encouraging them to lock up their Pi coins for the maximum periods to earn the 200% APY in Pi coin’s official wallet.
Pioneers Revolt Over Extended Pi Coin Lock-Up Message
In response, some strong Pi Network community voices, like Pi Barter Mall, the issues of lost confidence in the ecosystem progress, mostly due to lack of crypto exchange listings and decentralized applications (dApps). Multiple Pioneers second his opinion and are asking questions about the rumored Binance listing.
Namely, the Binance Square poll showed unanimous support among crypto enthusiasts for Pi coin’s listing on the globe’s largest crypto exchange, but the application was dragged due to compliance issues, including no third-party security audits. Moreover, Professor Kim H. Wong argues Pi chain’s “not fully open-sourced” code played a role in Binance’s denial.
Lock-Up Campaign Craters Pi Coin: Is $1 Still Plausible?
Currently swimming in a red sea, the broader crypto market suffered a $250 billion deficit since Donald Trump’s global tariff update. The American President’s move added fuel to a market that had already entered correction, plummeting Bitcoin (BTC) down from $122K to $1113K in days.
Meanwhile, Pi Network’s native crypto Pi coin hit even harder, plunging by 18.8% over the past 7 days, completing a 28.3% monthly downward spiral. This puts the mobile mining altcoin 88% below its all-time peak of $2.99, hit one week into the mainnet’s launch back in February.
Just 7 hours ago, Pi’s price hit an all-time low of $0.3416, now bouncing back 4.6% from this anti-record. Unable to reclaim the $1 price range since May 14, 2025, Pi coin’s price is now retesting dangerous territories below two major demand zones of $0.40 & $0.60, often saved by crypto whales.
In this case, large investors, otherwise referred to as crypto whales, are not chasing after the Pi coin dip just yet. As portrayed in the Pi coin price chart above, the whale activity-measuring Chaikin Money Flow (CMF) dwelled below zero, while the Bull Bear Power (BBP) metric was painted all red since July 31, 2025.
On The Flipside
- Some decent major crypto exchanges, such as MEXC or Bitget, have listed Pi coin on both Spot & Futures markets.
- Bybit, KuCoin & HTX have previously dropped clues on social media in appreciation of the Pioneer community.
Why This Matters
6 years into crypto mining, Pi Network made it easy for crypto enthusiasts to mine free crypto currency without special hardware and now unites over 70 million Pioneers worldwide.
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People Also Ask:
The campaign lets users lock Pi coins for up to three years to boost mining rates, but it triggers controversy by restricting fund access. Many Pioneers express frustration, driving a 28% price drop amid KYC and migration delays.
A 28% price plunge follows 160M token unlocks and distrust in the lock-up campaign. Limited major exchange listings and sluggish ecosystem growth fuel selling pressure.
Pioneers criticize delayed KYC, unclear project plans, and missing decentralized apps. Many view the lock-up campaign as a misstep during extended Pi’s price declines.
Locking coins increases mining rewards but blocks withdrawals, frustrating users facing KYC or migration delays. The campaign seeks to stabilize prices but deepens community unrest.
Recovery demands greater transparency, successful mainnet rollout, and major exchange listings. Despite challenges, potential persists if the project rebuilds trust.
