Pi Network’s Prolonged Slump: Founder’s 2023 Comments Hint at Long Road Ahead

Pi Network's valuation remains stagnant below $0.30, starkly contrasting with broader altcoin rallies and reigniting questions about its delayed breakout. The project last showed signs of life in February 2025 with a brief spike to $2.98 before collapsing 92%—a pattern that has left its community searching for catalysts.

Co-founder Chengdiao Fan's 2023 remarks have resurfaced as a sobering framework. While avoiding specific price predictions, she outlined three systemic hurdles: public misunderstanding of crypto fundamentals, regulatory ambiguities across jurisdictions, and the absence of tangible utility anchors. Her projected timeline of 3-5 years for maturation now reads like a prophecy unfolding in slow motion.

The market's patience is wearing thin as Pi Coin languishes while speculative assets like PEPE, WIF, and BONK capture trader attention. Fan's diagnosis remains pertinent: until blockchain literacy improves and governments clarify their stances, projects emphasizing mass adoption will continue to face existential friction.