The Pi Network faces rising selling pressure and declining confidence from its community. Users are growing increasingly frustrated with PCT's silence and lack of major updates, casting doubts on the project's future. Concerns include potential manipulation and dwindling trust as the network's value continues to plummet.
Community Discontent
Frustrations are running high. "Every day I sit back, relax, and enjoy the show, but there's a mountain of greed at play," said one community member, echoing the feeling that many are overwhelmed.
A user pointed out, "If you look at Bitcoin, it faced issues in its early days. Now it’s worth over 100K." Some see a glimmer of hope despite ongoing turmoil.
However, many are skeptical. A prominent sentiment is captured in a comment asking, "Would you seriously invest cash in this coin given its trajectory?" This reflects a wider unease about confidence in the project.
Key Concerns from the Community
Market Manipulation Claims: Allegations of whale manipulation are widespread. One user remarked, "Scammers are the ones selling large volumes of Pi coins."
Demand for Better Utilities: Users emphasize that the project won't regain stability without new utilities. "Pi isn’t going to improve until utilities improve. Sounds like we’re waiting years for new apps," stated one individual.
Communication Breakdown: Silence from PCT fuels anxiety. In the forums, it’s noted, "The team is silent when they used to engage, and now no one wants it."
Dwindling Hope for Recovery
Some cautious optimists remain, hoping for future updates to reignite confidence, but the skepticism overshadows their outlook. One user even suggested, "Better they spend their time on bringing it to life," indicating that without tangible efforts, trust will continue to fade.
Voices From the Forums
The conversation on forums reflects a widespread sense of disillusionment:
"No major exchanges or reward systems for loyal miners. This 2nd migration would just crash the price!"
"Nothing invites new investors on board like a whining forum."
These sentiments underscore growing fears that without significant changes, the project may be unsustainable compared to other cryptocurrencies.
What’s Next for Pi Network?
With increased selling trends, community members are left contemplating their next steps. The persistent call for action and updates from PCT suggests that further delays may only deepen the crisis of trust.
Key Takeaways
⚠️ Selling pressure continues to overshadow the network's strengths.
💬 "It’s always been like this; they work in silence," reflects persistent frustration.
📉 Many community members are now questioning the project's overall viability, highlighting the urgent need for clear communication from PCT.