The Pi Network price has been able to claw back from the 30 day lws it hit earlier in the month under $0.40 and was last trading around $0.65, though that still leaves it down around 80% down from its record highs near-$3.0 reached in the initial aftermath of the Open Network’s launch.
After being crushed in March, Pi Network’s price has seen strong stabilization in April, with traders asking whether a reversal might be starting.
Pi Network Reversal Starting?
Popular altcoin analyst Dr Altcoin pointed out in a recent X post that a wallet associated with the Pi Core Team has been aggressively accumulating Pi in recent weeks to arrest the recent price decline.
The wallet in question has scooped up nearly 50 million Pi tokens worth over $30 million at current prices.
But can this valiant effort to prop up the price last? Well, only time will tell, but sentiment has improved as of late in the broader crypto market, suggesting this move may have legs.
Moreover, positive stories such as Chainlink moving to support the Pi blockchain on its data feeds, and that Pi Network co-founder Nicolas Kokkalis will appear at Consensus 2025 could add further near-term demand as network optimism rises.
Exciting news!
Thrilled to see @chainlink supporting the PI blockchain!
This is a huge leap forward—oracles now unlock real-time PI price data on-chain.and the PI mainnet ecosystem is about to take off ! Let's light this up !
@PiCoreTeam
#PI #Chainlink #Web3 #PiDaoSwap pic.twitter.com/rj2eZvMbw1— PiDaoSwap (@PidaoSwap_) April 13, 2025
Chainlink data support unlocks major DeFi opportunities for Pi Network participants, argued web3 analyst Jatin Gupta on X.
This unlocks massive potential for Pi’s 60M+ users in the #DeFi space. Let’s break it down!
— Jatin Gupta (@jatingupta0003) April 12, 2025
Add Pi to the Crypto Portfolio?
With over 60 million network participants and a market valuation of currently around $4.5 billion, Pi Network is a compelling crypto.
However, whilst its network certainly seems to be making strides in the right direction, the network continues to receive a lot of criticism.
Critics liken Pi’s long-time referral-driven model to a pyramid scheme, and have questioned its sustainability and transparency due to its multiple delayed mainnet launches and seemingly very centralized control.
Inflation is another concern – Recent years have seen rapid PI token supply increases, while limited real-world utility and slow KYC processes have frustrated users.
MIND of Pepe (MIND) A Better Alternative?
The MIND of Pepe (MIND) presale, launched in January 2025, has raised over $8 million, reflecting strong investor interest in this AI-driven meme coin on Ethereum.
Priced at $0.0037 per token across 70 stages, MIND offers early adopters a 279% staking APY, with over 1.2 billion tokens already staked.
Its AI agent autonomously analyzes market trends, engages on social platforms, and provides token holders exclusive insights, positioning it as a unique blend of meme culture and cutting-edge technology.
MIND of Pepe AI agent is coming to X — May 10th
We’re proud to announce that MIND of Pepe, our autonomous AI agent, goes live on May 10th.
This isn’t a trading bot. MIND is a purpose-built intelligence system that ingests and cross-validates real-time data from across the… pic.twitter.com/rEuMsWKLu8
— MIND of Pepe (@MINDofPepe) April 23, 2025
In contrast, Pi Network has slumped 80% from its February peak due to token dilution and transparency concerns.
MIND’s robust tokenomics, security audits by SolidProof and Coinsult, and focus on real-time market utility make it a compelling alternative. As meme season looms, $MIND’s innovative approach could outshine Pi’s faltering momentum.
The post Pi Network Price Claws Back From 30-Day Lows – Is the Reversal Starting? appeared first on Cryptonews.
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