Why Did Pi Coin Price Crash After Dr. Kokkalis’ Speech?

Pi Coin Price Crashes: Community Confidence at an All-Time Low

Pi Network founder and CTO Dr. Nicholas Kokkalis gave a keynote address at the Consensus 2025 event on Friday about using blockchain infrastructure and artificial intelligence to promote widespread adoption. The price of Pi Coin fell 19% in a matter of hours, despite this, indicating that the Pi community was becoming increasingly disillusioned. Analysts believe the altcoin may continue to decline and may even return to its $0.40 lows from April.

The price of Pi Coin is below $0.71, having dropped more than 50% since its May peak of $1.5. The daily trade volume has also increased by 30% to $552 million, indicating significant selling pressure. The altcoin may return to its April lows around $0.4, according to Dr. Altcoin, unless there is a significant announcement, such as a listing on Binance.

Pi Network Community Reacts: Is the $100M Venture Fund Too Little, Too Late?

The Pi Core team said earlier this week that Pi Network Ventures, a $100 million venture capital fund project, will be used to develop Dapps on the platform. The Pi community, however, criticized the platform harshly because they knew that its uptake was far less than the Pi Core team had promised. In other words, the network would have nothing to offer DApp developers and would have to start from scratch.

Pi Community Frustrated: Dr. Kokkalis’ Bold Plans Lack a Mainnet Launch Date

Dr. Nicholas Kokkalis discussed additional proposals for a worldwide adoption of the network and the indigenous Pi Coin at the Consensus 2025. He discussed three distinct verticals:

• Blockchain and AI Cooperation
• Worldwide DeFi and Digital ID Solutions
• Milestone of Decentralization

Additionally, Dr. Kokkalis outlined future applications for the Pi token in important sectors like healthcare, education, and e-commerce. The community believes that Dr. Kokkalis did not provide a deadline for the aforementioned strategy, though. Additionally, the community’s confidence in the Pi Core team is eroding because of the ongoing delays in the open mainnet launch.

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