Pi Network (PI) Price: Can a Token Burn Save This Plummeting Cryptocurrency?

TLDR

Table of Contents

Pi Coin is currently trading at $0.59, down 30% in 14 days and 80% below its February peak
119 million Pi tokens are expected to enter circulation this month, with 1.4 million already unlocked on April 11
Pi Network Turkey has criticized the core team for poor management and lack of transparency
The project faces growing community frustration over broken promises and delays to the Open Mainnet launch
A new token burn strategy has been proposed to create scarcity and potentially raise Pi’s price

Pi Network’s native token (PI) is facing significant price pressure, currently trading at $0.59 as it struggles to break above key resistance at the $0.60 level. The cryptocurrency has experienced a steep decline over the past two weeks, dropping more than 30% in value during this period.

pi network price — PI Network (PI) Price

The token is now trading more than 80% below its peak price reached on February 26, 2025. This downward trend comes as a massive token unlock continues to unfold across the Pi ecosystem.

According to data from PiScan, over 119 million Pi tokens are expected to enter circulation by the end of April. The unlock process has already begun, with 1.4 million tokens released on April 11 alone.

The remaining tokens will be distributed gradually throughout the rest of the month. This large influx of new tokens is putting downward pressure on the price as supply increases.

Community Discontent Reaches New Heights

As prices continue to fall, frustration within the Pi Network community has intensified. Pi Network Turkey, the project’s largest regional community group, recently released a statement strongly criticizing the core development team.

The group accused Pi Network developers of implementing a top-down management approach that ignores community feedback. They also claimed the project has strayed from its original vision of being a decentralized platform.

“What we once eagerly anticipated has now turned into disappointment,” the statement read. The group highlighted broken promises, lack of transparency, and indefinite delays to the Open Mainnet launch as major concerns.

Other issues raised by the community include unclear financial information, vague details about partnerships, and limited visibility into the actual number of decentralized applications (dApps) currently active on the network.

Token Burn Strategy Proposed as Potential Solution

In response to mounting pressure, a token burn strategy has been proposed as a possible solution to Pi’s price woes. Token burning has become a common approach in the cryptocurrency space, designed to reduce supply, create scarcity, and potentially lift prices.

For Pi Network, which minted billions of tokens early in its development, the oversupply issue presents a core challenge. A successful burn strategy could signal a shift toward a deflationary model that might help rebuild trust and attract new investor interest.

Several burning mechanisms have been suggested, including periodic burns, burns tied to mining or transaction activity, and community-initiated burns that would reward participation. If implemented properly, these measures could embed scarcity into the system and reset expectations.

However, Pi faces several obstacles that could limit the effectiveness of a token burn. The coin isn’t widely tradable and lacks significant exchange listings, which means even a large burn might have limited immediate impact on price.

Analyst Trader Edge suggests that PI has broken out from its downtrend but it must hold the support level at $0.546. A move above $0.662 would show bullish momentum.

PI Network $PI has broken out and is retesting the trendline
Buyers need to step in and hold price above $0.546
A move above $0.662 would look good for the bulls 🚀 pic.twitter.com/bB7SZQmZ0W
— Trader Edge (@Pro_Trader_Edge) April 11, 2025

Liquidity remains low across the Pi ecosystem. Without a functioning ecosystem in place, user interest may fade before these changes can gain meaningful traction.

The concept shows promise, but would need to be accompanied by improved transparency, greater utility, and better market access to make a real difference.

While the token burn strategy offers hope for Pi Network’s future, its execution will be crucial. Reducing token circulation may help create scarcity, but price impact will likely remain limited without broader exchange listings, clearer utility, and a well-defined roadmap.

For Pi Coin to regain momentum, the team will need to pair this deflationary approach with tangible ecosystem growth and improved market access. Until then, the burn strategy remains a promising concept that must be backed by concrete progress to deliver meaningful results.

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