Pi Network (PI) price is down 92 percent from its all-time high, falling to $0.2130. This sharp loss of value occurred despite the remarkable announcements made by the project recently. The $100 million ecosystem fund, announced in May, aimed to support initiatives within the network. However, even after five months, it has not been announced which projects benefited from this fund.
New Funds and Poor Performance
In addition, Pi Core Team recently introduced the platform called Pi AI Studio. This initiative aims to enable developers to build AI-based tools and run them on the Pi network. The network is also called Stellar 
$0.331436It is preparing for a major technical improvement to accommodate ‘s Protocol 23 update. With this upgrade, new features such as parallel transaction processing and unified event architecture will come into play.
However, these technical developments were insufficient to support the price. Valor Pi Fund, launched in Sweden, was able to attract only around $5,000 in investment in two months. The testnet created by the project to test decentralized exchange (DEX) and automatic market maker (AMM) systems did not receive the expected attention.
Analysts point to several possible catalysts for Pi Network’s price recovery. First, listing on major exchanges such as Coinbase, Binance or Upbit could be a major milestone for PI. Historically, cryptocurrencies can gain double or triple digits in value following such listings. Upbit’s listing, in particular, could expand access for South Korean investors.
Secondly, the possibility of token burn is on the agenda. A similar process recently occurred with the OKB token, and after the supply was limited to 21 million, the price increased by over 200 percent in a few days. A burn for the Pi Network could offset the impact of millions of new tokens entering circulation each month.
Third, developers need to focus on growing the network ecosystem. This move removes Pi Network from being a “ghost chain” and turns it into an Ethereum chain. 
$4,011.20 or turn it into a usage-oriented network like Solana. Additionally, a comprehensive statement about decentralization could also have a positive impact on the price. Because the Pi Foundation still owns billions of tokens and community members have no say in decisions on the network.
Similar Development: Worldcoin and Decentralization Debate
Similarly, Worldcoin (WLD), backed by Sam Altman, also faced criticism of its decentralization. The project, based on an eye-scan authentication system, created controversy about the security of user data, but its market value exceeded 2 billion dollars. Pi Network is following a similar path; Although technologically ambitious, it has difficulty gaining community trust.
The main problem of Pi Network is the lack of transparency and the slow implementation process, despite its strong technological infrastructure. Steps such as stock exchange listing or supply reduction could support the price in the short term. However, for lasting success, it is essential to strengthen the ecosystem with concrete products and increase community participation.
