Pi Community confronted main turbulence this week—from a failed ecosystem rollout to a uncommon however silent look by its founder. Let’s discover how these occasions triggered a pointy 66% price drop.
Pi Coin Eyes 66% Rally as Falling Wedge Types on Might 19 Chart
On Might 19, 2025, the one-hour chart of Pi Community (PI/USDT) on OKX exhibits that the token shaped a falling wedge sample. A falling wedge is a bullish reversal construction the place the price strikes between two downward-sloping, converging trendlines.
If confirmed, the breakout from this wedge might push the price 66% increased from the present degree of $0.7199, concentrating on the $1.1906 mark.
On the time of this chart, Pi trades beneath the 50-period Exponential Transferring Common (EMA), which sits at $0.7426. Nevertheless, the latest upward wick and rising quantity counsel that bulls are testing the wedge’s resistance. A transparent shut above this resistance, with sturdy quantity, would affirm the breakout.
The Relative Power Index (RSI), now at 42.75, is climbing towards the impartial 50 line. This shift signifies that bearish strain is weakening and momentum could also be altering.
Quantity stays a key sign. Earlier breakouts from this construction occurred with a visual spike in buying and selling exercise. An identical quantity surge might validate the transfer towards $1.1906.
To date, the price has revered the wedge boundaries since Might 12, forming decrease highs and decrease lows whereas steadily approaching the sample’s apex. With the breakout take a look at now energetic, a detailed above the higher trendline and the 50 EMA would affirm bullish reversal potential.
Kokkalis Breaks Silence at Consensus 2025, However Pi Coin Worth Sinks One other 25%
Nicolas Kokkalis, co-founder of Pi Community, appeared publicly for the primary time since launching the mission in 2019.
Kokkalis spoke on Might 16 at Coindesk’s Consensus 2025 in Toronto, Canada. He joined a panel titled “AI + Blockchain Infrastructure to Unleash Mainstream Adoption” and centered on constructing belief over know-how. He mentioned,
“I am not here to talk about technology today; I am here to talk about trust. Together, we are building not just a cryptocurrency, but a global ecosystem.”
He reviewed Pi Community’s improvement journey and pressured that mass adoption takes time. He mentioned id verification via know-your-customer (KYC) methods is significant and defined why the mission stays in a restricted part. In response to him, the staff goals to open the community solely after constructing correct safeguards to stop fraud and guarantee usability.
Regardless of excessive group expectations, the speech didn’t present updates on price restoration or growth. Many customers expressed disappointment on social media, saying Kokkalis averted any direct point out of the token’s valuation or roadmap.
Pi Community Founders Stay Silent as Public Strain Builds
Kokkalis co-founded Pi Community in 2019 with Chengdiao Fan and Vincent McPhillip. He leads the mission’s technical improvement. Fan oversees product technique, whereas McPhillip, who managed group outreach, left in February 2021.
Kokkalis has stayed principally out of public view. His X account exhibits solely 4 posts, dated between 2013 and 2021. Other than a brief look in a Pi Community app video in 2022, he had not addressed the general public till the latest Toronto occasion.
In the meantime, co-founder Fanmaintains a equally low profile. Her official X account, linked from the Pi web site, has no posts. In distinction, the mission’s major X account stays energetic, posting a number of updates weekly.
Pi Coin Slides Additional After Fund Announcement and Kokkalis Look
The Pi Community token has continued its steep decline following back-to-back occasions that failed to spice up market sentiment. On Might 15, 2025, the price dropped sharply from $1.69 to $0.95, marking a 43.7% fall in lower than 24 hours. The decline adopted Pi Community’s announcement of a brand new enterprise fund and basis, which changed earlier expectations for a full ecosystem launch.
As an alternative of delivering long-promised options comparable to good contract assist or new decentralized purposes, the staff launched a structural replace. Many customers on social media seen this shift as a delay tactic, decoding it as an indication that Pi stays removed from reaching mainnet maturity.
By Might 16, the token made a short try to stabilize however failed to interrupt above the 50-period Exponential Transferring Common (EMA), which stood close to $1.10. The subsequent day, Nicolas Kokkalis made a uncommon public look at Consensus 2025 in Toronto. Nevertheless, the Pi co-founder averted giving concrete updates on the coin’s utility, valuation, or upcoming roadmap.
Following the speech, bearish strain intensified. As proven within the Might 19 chart, Pi has dropped additional to $0.7164. The token now trades beneath each the important thing $0.80 resistance and the 50 EMA at $0.7415. This confirms the market’s lack of shopping for momentum after latest developments.
Quantity additionally declined after the selloff, with buying and selling exercise down to 2.61 million on the hourly chart, in comparison with the surge through the preliminary fall. The chart highlights a failed restoration try between Might 17 and 18, adopted by continued decrease highs and declining quantity—typical indicators of a bearish continuation.
Until a powerful catalyst emerges, the present price development means that Pi might stay below promoting strain within the close to time period.
Pi Community Faces Rising Scrutiny as Core Options Stay Unfinished
Pi Community initially gained international traction by providing customers a easy method to mine its native token via a cellular app. By tapping a lightning icon day by day, customers might accumulate Pi tokens with out requiring complicated {hardware} or excessive power consumption. This low-barrier entry mannequin helped the mission entice tens of millions of customers, notably in Southeast Asia. Vietnam shortly emerged as some of the energetic areas, with a powerful group presence throughout social media platforms and native meetups.
Regardless of the early hype, Pi Community has struggled to fulfill key improvement milestones. The mission remained in a closed-network part for practically six years. Throughout this era, tokens have been locked inside the app and couldn’t be transferred, traded, or used outdoors its ecosystem.
On February 20, 2025, Pi Community took a significant step by enabling token transfers to exchanges. This marked the start of its so-called “open network” part. Nevertheless, builders and analysts have identified that the community remains to be incomplete. The platform lacks good contract capabilities, that are important for constructing decentralized purposes (dApps) and DeFi instruments. Moreover, the codebase stays closed-source, limiting transparency and unbiased verification of the community’s progress.
Whereas the mission has rolled out options comparable to PiFest purchasing occasions, area title auctions, and some minor in-app companies, critics argue these updates fall in need of expectations. The shortage of utility has led to rising issues over the platform’s long-term viability and delayed roadmap.
As consumer demand for accountability will increase, the absence of core options—particularly good contracts and public code—continues to gasoline skepticism within the crypto group.