TLDR
- The PI token is trading near $0.20, following a massive collapse from its all-time high of $3.
- The lack of an “Open Mainnet” and high centralization raise doubts about the project’s long-term viability.
- Over 130 million tokens will be released in the next 30 days, potentially increasing selling pressure.
At the beginning of 2026, the future of Pi Network appears to be under intense bearish pressure. While assets like Bitcoin have shown significant rebounds, Pi’s native token has only increased by 2% this week, hovering around $0.20.
This figure is alarming when compared to its all-time high of $3 recorded in February last year, representing a staggering 93% drop.
Due to this bleak outlook, community criticism has surfaced quickly. Analysts and social media users point out that it is “hard to stay bullish” while the project continues to face structural obstacles.
Among the primary barriers overshadowing the future of Pi Network are the lack of support from top-tier exchanges, the absence of a truly open mainnet, unclear supply metrics, and excessively centralized control over users’ locked balances.
Technical Analysis: Mixed Signals for the Future of Pi Network
Despite the negative sentiment, not all observers are ready to give up. Some analysts suggest that PI is attempting to break an eight-month downtrend, with potential recovery targets toward $0.57 if it manages to clear the key resistance at $0.215.
However, on-chain reality tells a different story: in the last 24 hours, nearly 1.8 million tokens have been transferred to centralized platforms like Gate.io and Bitget, raising the exchange supply to over 425 million PI.
The future of Pi Network will also depend on upcoming token unlocks. Thursday, January 8, marked a significant milestone with the release of 5.3 million coins, part of a schedule that will free up 130 million PI over the next month.
Although the daily unlock rate is less aggressive than in previous periods, the constant entry of new tokens into the circulating market will test the project’s ability to retain value and the patience of its investors.
