Pi Network in Freefall: 21% Single-Day Plunge Sparks ’Mainnet or Ghost Chain?’ Debate

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2025-05-17 12:00:00

Pi Coin’s brutal selloff triggers panic—was this a healthy correction or the first domino in a death spiral?

Behind the crash: Mainnet migration delays and miner dumping meet classic crypto speculation. The ’free mining’ narrative now faces its reckoning.

Survival watch: If Pi’s team can’t stabilize liquidity fast, this could become another cautionary tale—right beside the ’stablecoins’ that weren’t.

The Pi Coin team is in fear after a shocking 21% price drop following the much-anticipated Consensus 2025 conference from May 14–16. The coin, once promoted as a Web3 pioneer, is now on the defensive. According to CoinMarketCap, Pi was at $0.6874 with a market cap o... Read More

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