Is the PI coin possibly at a low point? The founder of the Pi Network project explains the reasons for the price fall.

According to Gate news and Coindoo reports, the price of Pi Network (PI) has been hovering near recent lows, causing widespread concern in the community. Dr. Nicolas Kokkalis, co-founder of Pi Network, has stepped forward to explain the current market situation and assure users of the project's long-term vision. His insights clarify the reasons why the price of PI coin may currently be at a low point and provide a outlook for its future trend.

Dr. Kokkalis believes that the main reason for the current price drop of PI coin is the general correction in the global cryptocurrency market affecting the entire market. He emphasized that this drop "not only affects PI coin but also all mainstream cryptocurrencies."

He specifically pointed out that giants like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have recently experienced significant declines, dragging down overall market sentiment and even affecting projects like Pi Network.

However, Dr. Kokkalis emphasized several unique aspects of the Pi Network:

1. Closed mainnet status: Pi Network is currently still operating in the closed mainnet phase, which means its full potential and liquidity have not yet been realized in the public market;
2. Utility-based growth: Despite the high prices, there is active and genuine utility-based growth occurring within the ecosystem;
3. Strong user base: The project has over 50 million loyal users.
4. Ecosystem Development: Real applications are continuously being built on the Pi Network ecosystem.

Dr. Kokkalis firmly stated that the current situation is "just temporary, not a collapse." He reiterated that once the mainnet is unlocked and the PI coin is listed on major exchanges, its "true market value will be revealed."

At the end of his speech, he urged everyone to stay resilient: "Pioneers, stay strong - the accumulation phase will never be victory."

This perspective aims to strengthen the community's resolve, focusing on long-term potential and ongoing foundational work, rather than short-term price fluctuations.