Is Pi Network a Scam? Analyst Explains Why 65M Users Changed Everything

After months of silence, sluggish progress, and a annoyed neighborhood, many appear to have given up on the Pi Community. 

However crypto analyst Dr. Altcoin is defending the venture from collapse below its personal weight.

Right here’s what he has to say.

Doubts Grew After Missed Deadline 

Pi Community has been below fireplace for delays particularly after lacking its promised Open Mainnet launch in December 2024. Even longtime supporter and crypto professional Dr. Altcoin admitted he started questioning the venture’s course.

“The one time I ever doubted whether or not Pi Community is likely to be a rip-off was when the Pi Core Workforce repeatedly broke its guarantees,” he said in a recent post.

In January 2025, he ran a ballot amongst practically 5,900 customers. 52% nonetheless backed the venture. Confidence grew stronger when Pi Coin was listed on main exchanges like OKX and MEXC in February, staying throughout the Q1 timeframe he had set as a private deadline.

A Challenge That Grew Quicker Than Anticipated

So what brought about the delays? In line with Dr. Altcoin, Pi Community merely grew too quick.

What began as a small venture ballooned into a worldwide community with over 65 million customers throughout 200+ areas. The infrastructure, he says, wasn’t constructed for that type of scale, inflicting bottlenecks and slowdowns.

“The venture’s infrastructure was pushed past its limits, but it endured,” he mentioned. “It was and nonetheless is a large endeavor.”

Pi Community Retains Constructing Behind the Scenes

Whereas customers have been ready for updates, the workforce has continued growth.

• A brand new Pi Node upgrade (v0.5.3) is now reside. It provides auto-update options and makes it simpler to arrange nodes.
• Banxa integration now lets customers purchase and promote Pi utilizing Apple Pay, Google Pay, and different cost strategies.
• Pi has been listed on extra exchanges, together with Swapfone, a U.S.-regulated platform.

There’s additionally hypothesis a couple of Binance itemizing, after current Pi Pockets updates confirmed help for Binance Join and Binance P2P. That may certainly be big!

Safety Is Nonetheless a Concern

Because the Mainnet migration continues, the Pi Core Workforce is urging customers to finish 2FA setup of their Pi Wallets. This has even prompted speculation that one thing main is coming. However Dr. Altcoin says that’s not sufficient.

He’s calling for multi-factor authentication, together with biometrics, to maintain wallets safe even when a person’s passphrase will get leaked.

What’s Subsequent for Pi Coin?

Pi Coin’s value has stayed between $0.43 and $0.45, however traders say it not too long ago broke above a key trendline. If it holds help, a transfer towards $0.465 might observe.

Nonetheless, value isn’t the total story right here. Pi’s growth is transferring slowly, however steadily. And for now, that’s conserving the venture alive within the eyes of its strongest supporters.

“Let’s not neglect to rejoice the milestones Pi Community has already achieved,” Dr. Altcoin said.

Whether or not the large breakthrough comes subsequent or not, we’ll preserve you posted.