Pi Network Remains Optimistic Despite Steep Price Decline

Despite facing heavy criticism, Pi Network node operator John Lang remains optimistic about the project’s future. According to Lang, his confidence stems from a series of behind-the-scenes initiatives by the PCT. He also urges investors not to rush into selling their Pi Coins amid the current bearish market.

John Lang: “Pi Network is Still Quietly Building”

Following a turbulent week in which the price of Pi dropped to $0.58, John Lang has spoken up to reignite optimism within the community. In a post on X, he emphasized that this price correction is merely a small blip in the long-term vision for Pi Network.

Lang revealed that the PCT is still working diligently behind the scenes, building the ecosystem step by step. He called for patience from the community, noting that the development team is handling an enormous workload.

“Guys, be patient with the PiCoreTeam. They’re still working hard, quietly building things step by step,” Lang shared. “Their job isn’t easy—there’s a lot to be done.”

His comments come amid mounting criticism directed at the PCT, especially regarding delays in KYB approvals for community projects. Tensions peaked when PiDaoSwap resorted to launching an NFT collection on BSC as a temporary workaround for PCT’s delays.

Additionally, Lang urged investors not to panic or sell off their holdings despite Pi’s 13% decline, with the price falling toward $0.30. All eyes are now on the PCT for a potential short-term solution.

“Trust the process. No matter the market conditions, never sell your Pi at a low price,” Lang emphasized.

PiCoreTeam Releases Technical Requirements for Ecosystem Developers

In a recent update, the PiCoreTeam announced a set of technical requirements for developers looking to build applications on the Pi Network. These requirements emphasize a mobile-first strategy, outline preferred programming languages and frameworks, and include the rollout of a software development kit (SDK).

According to the announcement, developers must complete KYC verification, and all apps must demonstrate a clear mechanism for value exchange. The PCT encourages the development of apps for virtual goods, decentralized services (DApps), and mini-game platforms.

The team also provided updates on the Pi domain auctions, noting that the number of bids has surpassed 200,000—signaling a surge in on-chain activity.

Despite increased development efforts, market analyst Dr. Altcoin has called on the PCT to burn billions of Pi Coins held in foundation wallets to help control inflationary pressure.

On the community side, a user under the pseudonym “Satoshi Nakamoto” proposed a decentralized strategy to stabilize Pi’s price. The proposal suggests creating a Community-Driven Liquidity Pool (CDLP), where investors commit to purchasing a fixed amount of Pi each month to support price stability.