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Pi Network made waves in the crypto world with its promise of "mining" on mobile phones—no expensive hardware, no high electricity bills, just a daily tap on your screen. 🌍💰 With over 60 million reported users, it seemed like the next big thing. But as Pi Coin hit exchanges on February 20, 2025, the cracks started showing.

Despite all the hype, Pi Coin is heading for a steep decline, and millions of users may end up with worthless tokens. Here’s why. 👇

📉 The Key Reasons Pi Coin Will Dump Hard

🚀 The False Promise of Pi "Mining"

Unlike Bitcoin and Ethereum, where mining secures the network through computational work, Pi Network’s "mining" is just tapping a button every 24 hours. 🤔 This isn’t mining—it’s pre-minted token distribution.
The real validation of Pi transactions happens through the Stellar Consensus Protocol (SCP), handled by a small group of nodes—not everyday users. So, if users aren’t securing the network, what value are they actually creating?
📊 Overinflated User Numbers & Low Engagement

Pi Network boasts 60 million users, but actual blockchain data tells a different story.
Only 20,000 wallets are active daily—just 0.22% of the total user base.Even at its peak in January 2025, Pi only had 42,136 daily active wallets—far below what a successful blockchain should have.Many early users haven’t received their Pi Coins, raising serious red flags.
What Are Users Saying?
🔹 @BuldoMafiozi on X: “Only 20,000 wallets remain active out of the claimed 60 million Pi Network users.”

🔹 @DextersSolab: “Many who mined Pi have not received anything.”
A referral-based system encouraged users to recruit others, but with little real adoption, it looks more like a Ponzi structure than a sustainable blockchain. 🚨
📉 Post-Mainnet Dump & Selling Pressure

Pi’s Open Mainnet was supposed to be its moment of glory. Instead, it exposed just how fragile its market is.
Pi’s initial price ranged between $0.30 - $0.50A brief surge to $2.99 gave some hope......but then it plunged 50% after launch! 🔥
Now, with 19 million KYC-verified users and 10.14 million wallets unlocked, the flood of sell orders is only beginning.
🔸 Without real-world demand, Pi’s price will collapse under its own weight.
🕵️ Transparency Issues & Scam Allegations

Pi Network operates in secrecy, fueling scam concerns across the crypto world.
🔹 No clear white paper or technical documentation

🔹 No transparency on tokenomics or funding sources

🔹 Centralized control, despite claiming to be decentralized
Industry Experts Weigh In
🔻 Bybit CEO Ben Zhou: “Pi is a scam that preys on the elderly.”

🔻 @NeuralSet on X: “Pi Network is the biggest crypto scam of the 21st century.”
Even Pi’s own official X (Twitter) account keeps warning users about fake Pi listings—but this only proves the market is chaotic and untrustworthy.
🔐 Privacy Concerns – Is Your Data at Risk?

To access their Pi Coins, users must complete KYC verification—handing over sensitive personal data. But… where does this data go? 🤨
🔹 Bitdegree.org asks: "How safe is this information, and can users really trust it won’t be misused?"

🔹 Over 18 million users have already submitted their data—what happens if there’s a data breach?

If trust in Pi’s KYC system collapses, expect a mass exodus and massive price dump.
⏳ The Hype Is Fading Fast

Pi Network entered the market too late. In 2019, its mobile mining concept was fresh, but by 2025, it’s outdated.
Ethereum, Solana, and BNB dominate DeFi, NFTs, and Web3 adoption.Pi, on the other hand, has only 20 Mainnet apps—almost nothing compared to its competitors.Crypto veterans aren’t taking Pi seriously, and even some Pi supporters are giving up hope.
🔹 @iCryptoSam on X: "It’s a masterclass in viral Ponzi tactics… a closed ecosystem with no real Web3 adoption."
Many users once believed Pi would hit $314 per coin (a reference to Pi’s mathematical value), but now they’re struggling to cash out at even $1.
Reddit users put it best:

💬 "It can be $1 million per coin, but if you can’t sell it, what’s the point?"
⚠️ The Inevitable Dump – A Perfect Storm 🌪️
All signs point to a major Pi Coin crash. Here’s why:
🔻 Inflated Supply: 5.01 billion Pi Coins, leading to severe dilution.

🔻 Low User Engagement: Only 0.22% of "users" are active.

🔻 Lack of Real-World Use: No ecosystem, no major dApps, no demand.

🔻 Volatility & Sell Pressure: Millions of users unlocking coins, ready to dump.

🔻 Trust Issues: Lack of transparency, scam allegations, and data concerns.
🔹 CCN.com (January 2025): “Its ease of access doesn’t necessarily translate to long-term value.”

🔹 FinanceMagnates.com: “Actual trading volume and accessibility remain low.”
🎯 Final Thoughts – Should You Sell Now?
If you’re holding Pi, you have two choices:

1️⃣ Sell now while there’s still some speculative demand.

2️⃣ Hold and risk Pi becoming worthless.
The signs are clear: Pi Coin is in a bubble, and it’s about to pop. 💥
💬 What do you think? Will Pi Coin survive, or is the dump inevitable? Drop your thoughts in the comments! 👇🔥

That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!

Disclaimer: This article is based on publicly available opinions and information from sources such as web articles, blockchain data, and posts on X, compiled as of March 06, 2025. It reflects critical perspectives on Pi Coin and Pi Network but should not be considered investment advice or an invitation to trade, as per the Crypto PM Binance Square Profile guidelines. As always, please conduct thorough research (DYOR) before making any investment decisions in the cryptocurrency market.

Pi Network made waves in the crypto world with its promise of "mining" on mobile phones—no expensive hardware, no high electricity bills, just a daily tap on your screen. 🌍💰 With over 60 million reported users, it seemed like the next big thing. But as Pi Coin hit exchanges on February 20, 2025, the cracks started showing.

Despite all the hype, Pi Coin is heading for a steep decline, and millions of users may end up with worthless tokens. Here’s why. 👇

📉 The Key Reasons Pi Coin Will Dump Hard

🚀 The False Promise of Pi "Mining"

Unlike Bitcoin and Ethereum, where mining secures the network through computational work, Pi Network’s "mining" is just tapping a button every 24 hours. 🤔 This isn’t mining—it’s pre-minted token distribution.
The real validation of Pi transactions happens through the Stellar Consensus Protocol (SCP), handled by a small group of nodes—not everyday users. So, if users aren’t securing the network, what value are they actually creating?
📊 Overinflated User Numbers & Low Engagement

Pi Network boasts 60 million users, but actual blockchain data tells a different story.
Only 20,000 wallets are active daily—just 0.22% of the total user base.Even at its peak in January 2025, Pi only had 42,136 daily active wallets—far below what a successful blockchain should have.Many early users haven’t received their Pi Coins, raising serious red flags.
What Are Users Saying?
🔹 @BuldoMafiozi on X: “Only 20,000 wallets remain active out of the claimed 60 million Pi Network users.”

🔹 @DextersSolab: “Many who mined Pi have not received anything.”
A referral-based system encouraged users to recruit others, but with little real adoption, it looks more like a Ponzi structure than a sustainable blockchain. 🚨
📉 Post-Mainnet Dump & Selling Pressure

Pi’s Open Mainnet was supposed to be its moment of glory. Instead, it exposed just how fragile its market is.
Pi’s initial price ranged between $0.30 - $0.50A brief surge to $2.99 gave some hope......but then it plunged 50% after launch! 🔥
Now, with 19 million KYC-verified users and 10.14 million wallets unlocked, the flood of sell orders is only beginning.
🔸 Without real-world demand, Pi’s price will collapse under its own weight.
🕵️ Transparency Issues & Scam Allegations

Pi Network operates in secrecy, fueling scam concerns across the crypto world.
🔹 No clear white paper or technical documentation

🔹 No transparency on tokenomics or funding sources

🔹 Centralized control, despite claiming to be decentralized
Industry Experts Weigh In
🔻 Bybit CEO Ben Zhou: “Pi is a scam that preys on the elderly.”

🔻 @NeuralSet on X: “Pi Network is the biggest crypto scam of the 21st century.”
Even Pi’s own official X (Twitter) account keeps warning users about fake Pi listings—but this only proves the market is chaotic and untrustworthy.
🔐 Privacy Concerns – Is Your Data at Risk?

To access their Pi Coins, users must complete KYC verification—handing over sensitive personal data. But… where does this data go? 🤨
🔹 Bitdegree.org asks: "How safe is this information, and can users really trust it won’t be misused?"

🔹 Over 18 million users have already submitted their data—what happens if there’s a data breach?

If trust in Pi’s KYC system collapses, expect a mass exodus and massive price dump.
⏳ The Hype Is Fading Fast

Pi Network entered the market too late. In 2019, its mobile mining concept was fresh, but by 2025, it’s outdated.
Ethereum, Solana, and BNB dominate DeFi, NFTs, and Web3 adoption.Pi, on the other hand, has only 20 Mainnet apps—almost nothing compared to its competitors.Crypto veterans aren’t taking Pi seriously, and even some Pi supporters are giving up hope.
🔹 @iCryptoSam on X: "It’s a masterclass in viral Ponzi tactics… a closed ecosystem with no real Web3 adoption."
Many users once believed Pi would hit $314 per coin (a reference to Pi’s mathematical value), but now they’re struggling to cash out at even $1.
Reddit users put it best:

💬 "It can be $1 million per coin, but if you can’t sell it, what’s the point?"
⚠️ The Inevitable Dump – A Perfect Storm 🌪️
All signs point to a major Pi Coin crash. Here’s why:
🔻 Inflated Supply: 5.01 billion Pi Coins, leading to severe dilution.

🔻 Low User Engagement: Only 0.22% of "users" are active.

🔻 Lack of Real-World Use: No ecosystem, no major dApps, no demand.

🔻 Volatility & Sell Pressure: Millions of users unlocking coins, ready to dump.

🔻 Trust Issues: Lack of transparency, scam allegations, and data concerns.
🔹 CCN.com (January 2025): “Its ease of access doesn’t necessarily translate to long-term value.”

🔹 FinanceMagnates.com: “Actual trading volume and accessibility remain low.”
🎯 Final Thoughts – Should You Sell Now?
If you’re holding Pi, you have two choices:

1️⃣ Sell now while there’s still some speculative demand.

2️⃣ Hold and risk Pi becoming worthless.
The signs are clear: Pi Coin is in a bubble, and it’s about to pop. 💥
💬 What do you think? Will Pi Coin survive, or is the dump inevitable? Drop your thoughts in the comments! 👇🔥

That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!

Disclaimer: This article is based on publicly available opinions and information from sources such as web articles, blockchain data, and posts on X, compiled as of March 06, 2025. It reflects critical perspectives on Pi Coin and Pi Network but should not be considered investment advice or an invitation to trade, as per the Crypto PM Binance Square Profile guidelines. As always, please conduct thorough research (DYOR) before making any investment decisions in the cryptocurrency market.