The staff behind the Pi Community mission has launched quite a few updates, reward distributions, initiatives, and all kinds of optimistic bulletins previously few months, however the general impression has been fairly restricted.
Apart from a short spike propelled by the hype across the itemizing on Kraken, the native token’s worth stays extremely depressed, whereas the neighborhood continues to query the Core Group’s actions.
Investor Sentiment Nonetheless Low
CryptoPotato has repeatedly reported on Pi Community’s consecutive updates for the reason that starting of the yr. They started with transferring to protocol model 19.6, adopted by v19.9 in early March, and the extremely vital v20.2, which was introduced on Pi Day (March 14) 2026. It carried such significance because it laid out the basics for the community to start providing smart-contract options.
The subsequent one, model 21, was promised to be efficiently accomplished by April 6, and the staff introduced the migration round that date. Within the meantime, they’ve additionally begun the second migration, permitting token holders emigrate their belongings to Mainnet, and launched an RPC server for Pi Testnet.
Final however not least, the Core Group highlighted one other vital facet of its providers: rewards distribution. In a put up from final week, they stated the primary batch had been efficiently delivered on to eligible validators’ Mainnet wallets after the completion of greater than 526 million validation duties by greater than one million such members.
Regardless of all these optimistic developments, although, the vast majority of the feedback under the Core Group’s posts on X are nonetheless criticizing the dearth of precise progress, they usually concentrate on two important matters: their lack of ability to entry their belongings regardless of finishing KYC necessities, and the native token’s constant decline.
PI Retains Dropping
The one improvement that managed to impression PI’s worth efficiency previously few months was the itemizing on Kraken in March. Extra exactly, the hype concerning the itemizing. The token skyrocketed earlier than and after the announcement, surging from $0.18 to nearly $0.30.
Nevertheless, as soon as the asset went stay for buying and selling, it turned one other traditional ‘sell-the-news’ occasion. The hype shortly disappeared, and PI plunged by over 50% in 48 hours or so. Since then, it has failed to take care of the $0.20 support-turned-resistance. As of press time, it even trades under the pre-Kraken-listing degree because it dipped to a 7-week low at $0.165 earlier at the moment.
With over seven million tokens to be unlocked on common within the subsequent month, the probabilities for a extra profound correction are nonetheless fairly excessive. Knowledge from PiScan reveals that April 15, 16, and 17 will see the very best quantity of launched tokens, with over 60 million PI in simply these three days.
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