After months of decline, Solana meme coins are regaining bullish momentum. Daily trade volumes are increasing dramatically, and most of the leading tokens are posting notable price gains.
The increasing network activity is also helping Solana to recover after a 12-month low. Most recently, pump-and-dump schemes and tariff chaos rocked the meme coin sector, but speculative assets are regaining momentum as macroeconomic fears start to cool down.
Are Solana Meme Coins On the Rise Again?
Solana meme coins have been a popular sector of the crypto ecosystem, but a few controversies have taken bites out of the market in recent months.
“Meme trading platform Axiom’s daily trading volume exceeded $100 million for the first time on April 14, accounting for about 50% of the market share of Solana Meme trading platform. The number of trading users reached 26,800, a record high,” claimed Colin Wu.
Axiom may represent half of the trading for these assets, but it isn’t the only site with heightened volumes. Pump.fun recently launched Pumpswap, a new decentralized exchange that quickly captured 14% of Solana’s DEX market.
Trading volumes are spiking on PumpSwap, with daily trading volume surging by 50% on Tuesday, April 15.
Data from DefiLlama shows that DEX trading on Solana is starting to recover after a massive drop in March. In other words, Solana meme coins’ growth isn’t isolated to either of these platforms either.
These stats have a long way to go before they recover their all-time high from January, but these signs of regrowth are still very promising.
Additionally, individual Solana meme coins are making huge strides in price performance. In the last week, eight of the ten largest assets in this category posted double-digit gains.
For now, it seems like Solana meme coins are eyeing a real comeback, at least for the short term. However, another macroeconomic shock could see these risk assets reacting more severely than the wider market.
A group of veteran derivatives and FX traders in the US are launching USDi, a stablecoin designed to adjust its price in line with inflation. Its value will change regularly based on Consumer Price Index (CPI) data and the performance of Treasury Inflation-Protected Securities (TIPS).
Founder Michael Ashton aims to offer an asset that maintains purchasing power by minimizing exposure to inflation risk. However, with intense competition in the stablecoin market, USDi will need strong early traction to carve out its place.
Today, derivatives trader Michael Ashton announced USDi, a stablecoin built to fight inflation.
“The riskless asset doesn’t actually currently exist, and that’s inflation-linked cash. Holding cash is an option on future opportunities, and the cost of that option is inflation. If you create inflation-linked cash, that’s the end of the risk line,” Ashton claimed.
Investors have been using crypto to hedge against inflation for years, but USDi is a novel approach to the problem. Ashton joined two co-founders, an FX veteran, and a technical specialist, to create the firm USDi Partners LLC.
USDi is a stablecoin that is correlated with the dollar but isn’t pegged to it. Instead, it will loosely orbit the dollar, but its value will fluctuate alongside US inflation.
That prospect may seem convoluted, but a simple system defines the stablecoin’s value. Essentially, Ashton claimed that USDi would rise in accordance with regular CPI reports, calculating the total inflation since a predetermined start date.
This date is December 2024, so it’s still quite close to the dollar. Today, for example, USDi’s price is $1.00863.
The novel stablecoin is inspired by the Treasury Inflation-Protected Securities (TIPS), a government bond designed to protect against inflation. Since CPI reports only happen once per month, Ashton will adjust USDi’s price in accordance with more frequent data used by TIPS investors.
To maintain this system, Ashton will manage a fund that acts as the stablecoin’s reserves. USDi Partners will mint and burn tokens according to the daily level of inflation, plus a small transaction fee.
Only accredited investors can partake in the initial launch, but USDi Partners hasn’t announced an official release date.
In short, USDi seems like a unique approach to the crypto economy, but the stablecoin market is full of competition. Ideally, Ashton and his co-founders will be able to get some early traction to get this project off the ground.
If it proves successful, it can help demonstrate the versatility of crypto’s practical applications.
Hedera (HBAR) has lost its $7 billion market cap as bearish momentum builds. Trading volume is down 25% in the last 24 hours to $203 million. Key technical indicators are weakening, pointing to growing pressure on the current trend.
The BBTrend has dropped below 10, the RSI is now under 50, and a potential death cross looms on the EMA lines. Unless buying pressure returns soon, HBAR could face deeper corrections in the near term.
Hedera BBTrend Is Still Positive, But Going Down
Hedera’s BBTrend has dropped to 5.84, falling sharply from 11.99 just two days ago. The BBTrend, or Bollinger Band Trend indicator, measures the strength of a trend based on how far the price deviates from its average range.
Readings above 10 typically signal a strong and active trend, while lower values suggest weakening momentum or consolidation.
With RSI now below the neutral 50 mark, it suggests that sellers are gaining more control. An RSI around 44.67 points to weakening demand and could mean that HBAR is entering a consolidation phase or facing mild downward pressure.
If the RSI continues to fall, it could lead to a deeper correction unless buyers step back in.
Will Hedera Fall Below $0.15?
Hedera’s EMA lines are signaling a potential death cross, a bearish formation that could lead to increased downside pressure. If this pattern is confirmed, Hedera price may first test two nearby support levels at $0.156 and $0.153.
These levels have recently acted as short-term cushions, and losing them could trigger a sharper drop.
A breakdown below both supports could open the way toward $0.124, especially if selling momentum accelerates. On the flip side, if HBAR can regain strength and push above the $0.168 resistance, it could shift sentiment back in favor of the bulls.
A breakout there may lead to further gains toward $0.178 and potentially $0.20 if the uptrend builds enough momentum.
China’s recent directive for its state-owned banks to decrease reliance on the US dollar has amplified a growing trend among countries seeking alternatives to the dominant reserve assets. In some instances, Bitcoin has emerged as a viable competitor.
BeInCrypto spoke with experts from VanEck, CoinGecko, Gate.io, HashKey Research, and Humanity Protocol to understand Bitcoin’s rise as an alternative to the US dollar and its potential for greater influence in global geopolitics.
The Push for De-Dollarization
Since the 2008 global financial crisis, China has gradually reduced its reliance on the US dollar. The People’s Bank of China (PBOC) has now instructed state-owned banks to reduce dollar purchases amid the heightened trade war with US President Donald Trump.
China is among many nations seeking to lessen its dependence on the dollar. Russia, like its southern neighbor, has received an increasing number of Western sanctions– especially following its invasion of Ukraine.
Furthermore, Rosneft, a major Russian commodities producer, has issued RMB-denominated bonds, indicating a shift towards RBM, the Chinese currency, and a move away from Western currencies due to sanctions.
This global shift away from predominant reserve currencies is not limited to countries affected by Western sanctions. Aiming to increase the Rupee’s international use, India has secured agreements for oil purchases in Indian Rupee (INR) and trade with Malaysia in INR.
The country has also pursued creating a local currency settlement system with nine other central banks.
As more nations consider alternatives to the US dollar’s dominance, Bitcoin has emerged as a functional monetary tool that can serve as an alternative reserve asset.
Why Nations Are Turning to Bitcoin for Trade Independence
Interest in using cryptocurrency for purposes beyond international trade has also grown. In a notable development, China and Russia have reportedly settled some energy transactions using Bitcoin and other digital assets.
“Sovereign adoption of Bitcoin is accelerating this year as demand grows for neutral payments rails that can circumvent USD sanctions,” Matthew Sigel, Head of Digital Assets Research at VanEck, told BeInCrypto.
Two weeks ago, France’s Minister of Digital Affairs proposed using the surplus production of EDF, the country’s state-owned energy giant, to mine Bitcoin.
Last week, Pakistan announced similar plans to allocate part of its surplus electricity to Bitcoin mining and AI data centers.
Meanwhile, on April 10, New Hampshire’s House passed HB302, a Bitcoin reserve bill, by a 192-179 vote, sending it to the Senate. This development makes New Hampshire the fourth state, after Arizona, Texas, and Oklahoma, to have such a bill pass a legislative chamber.
If HB302 is approved by the Senate and signed into law, the state treasurer could invest up to 10% of the general fund and other authorized funds in precious metals and specific digital assets like Bitcoin.
According to industry experts, this is only the beginning.
VanEck Predicts Bitcoin to Become a Future Reserve Asset
Sigel predicts Bitcoin will become a key medium of exchange by 2025 and, ultimately, one of the world’s reserve currencies.
His forecasts suggest Bitcoin could settle 10% of global international trade and 5% of global domestic trade. This scenario would lead to central banks holding 2.5% of their assets in BTC.
According to him, China’s recent de-dollarization will prompt other nations to follow suit and lessen their reliance on the US dollar.
“China’s de-dollarization efforts are already having second- and third-order effects that create opportunities for alternative assets like Bitcoin. When the world’s second-largest economy actively reduces its exposure to US Treasuries and promotes cross-border trade in yuan or through mechanisms like the mBridge project, it signals to other nations—especially those with strained ties to the West—that the dollar is no longer the only game in town,” Sigel said.
For Zhong Yang Chan, Head of Research at CoinGecko, these efforts could prove catastrophic for the United States’ dominance.
“Broader de-dollarization efforts by China, or other major economies, will threaten the status of the dollar’s global reserve currency status. This could have [a] profound impact on the US and its economy, as this would lead to nations reducing their holdings of US treasuries, which the US relies on to finance its national debt,” he told BeInCrypto.
However, the strength of the US dollar and other dominant currencies has already shown signs of weakening.
A General Wave of Currency Decline
Sigel’s research shows that the four strongest global currencies—the US dollar, Japanese yen, British pound, and European euro—have lost value over time, particularly in cross-border payments.
The decline of these currencies creates a void where Bitcoin can gain traction as a key alternative for international trade settlements.
“This shift isn’t purely about promoting the yuan. It’s also about minimizing vulnerability to US sanctions and the politicization of payment rails like SWIFT. That opens the door for neutral, non-sovereign assets—especially those that are digitally native, decentralized, and liquid,” Sigel added.
This lack of national allegiance also sets Bitcoin apart from traditional currencies.
Bitcoin’s Appeal: A Non-Sovereign Alternative
Unlike fiat money or central bank digital currencies (CBDCs), Bitcoin doesn’t respond to any one nation, which makes it appealing to some countries.
For Terence Kwok, CEO and Founder of Humanity Protocol, recent geopolitical tensions have heightened this belief.
For these same reasons, experts don’t expect Bitcoin to replace fiat currencies fully but rather provide a vital alternative for certain cases.
A Replacement or an Alternative?
While Bitcoin offers several advantages over traditional currencies, Gate.io’s Kevin Lee doesn’t foresee its eventual adoption causing a complete overhaul of the currency reserve system.
Recent data confirms this. The number of Bitcoin transactions has fallen significantly since the last quarter of 2024. Bitcoin registered over 610,684 transactions in November, but that number dropped to 376,369 in April, according to Glassnode data.
The number of Bitcoin active addresses paints a similar picture. In December, the network had nearly 891,623 addresses. Today, that number stands at 609,614.
Bitcoin number of active addresses. Source: Glassnode.
This decline suggests reduced demand for its blockchain in terms of transactions, usage, and adoption, meaning fewer people are actively using it for transfers, business, or Bitcoin-based applications.
Meanwhile, the Bitcoin network must also ensure its infrastructure is efficient enough to meet global demand.
Can Bitcoin Scale for Global Use?
In 2018, Lightning Labs launched the Lightning Network to reduce the cost and time required for cryptocurrency transactions. Currently, the Bitcoin network can only handle around seven transactions per second, while Visa, for example, handles around 65,000.
“If expansion solutions (such as the Lightning Network) fail to become popular, Bitcoin’s ability to process only about 7 transactions per second will be difficult to support global demand. At the same time, as Bitcoin block rewards are gradually halved, the decline in miners’ income may threaten the long-term security of the network,” Guo, Director of HashKey Research explained.
While the confluence of geopolitical shifts and Bitcoin’s inherent characteristics undeniably create a space for its increased adoption as an alternative to the US dollar and even a potential reserve asset, significant hurdles remain.
Achieving mainstream Bitcoin adoption hinges on overcoming scalability, volatility, regulatory hurdles, stablecoin competition, and ensuring network security.
The unfolding panorama suggests Bitcoin will carve out an important role in the global financial system, though a complete overhaul of established norms seems unlikely in the immediate future.
Donald Trump’s broader circle and business avenue is reportedly planning to launch a crypto game based on Monopoly this month. Trump is a longtime fan of the game, launching an officially licensed spinoff in 1989.
Bill Zanker, who helped Trump launch NFTs and his TRUMP meme coin, is spearheading development. However, the community response is skeptical, as very little information about the crypto element is public.
Trump Is Launching a Crypto Monopoly Spinoff
The intersection of blockchain and gaming has a wide variety of uses, from Tap-to-Earn tokens to NFT use cases and more. A surprising addition to this space is coming soon, as a new report claims that Trump’s family will launch a crypto game loosely based on Monopoly soon.
The exact details are somewhat hazy, but reporters have managed to identify a few key facts. This Monopoly game is being spearheaded by Bill Zanker, a longtime Trump associate who worked with him to launch his NFTs in 2023 and was also involved in the TRUMP token.
It’s unclear when the two renewed their partnership, but the game is set to release this month. Anonymous sources claimed that players will earn in-game cash, which is presumably where the crypto element comes in.
Both developers quoted directly compared this game to Monopoly, and its rules will likely match up. Further reports suggest that Zanker is looking to buy the IP rights for the 1980s Trump Monopoly spinoff board game.
In other words, this IP question could present a possible difficulty if Monopoly’s owners don’t license another spinoff to Trump. Even if the crypto game doesn’t bear any Monopoly branding, Hasbro could sue if the gameplay is substantially similar.
So far, the online crypto community’s response has been incredulous. Users called Trump’s crypto-themed Monopoly spinoff a “joke,” an attempt to “max extract” value from his supporters, and called developers “the largest manipulators ever.”
Even if retail investors have potential upside, there seems to be a narrow window for gains.
“Are we about to witness another Trump family rug? Apparently, Trump’s a big fan of Monopoly. Zanker claims it’s not a MONOPOLY GO! clone — but confirmed the game is real and set to launch end of April. Incoming circus or giga pump?” said one user.
It’s difficult to determine the potential impact of this game on crypto, as we have basically no information about its tokenomics. For example, in Monopoly, users have to spend in-game currency to play.
Will that be a major component of Trump’s version? Will the in-game currency include the TRUMP meme coin? How will users extract value? These details will likely remain unanswered until an official announcement.
Crypto US stocks are showing mixed performance today, with Core Scientific (CORZ), MicroStrategy (MSTR), and Coinbase (COIN) in focus.
CORZ is down -0.84% in the pre-market and remains one of the worst performers in the sector this year. Meanwhile, MSTR is gaining momentum after a fresh $285 million Bitcoin purchase, pushing its 5-day gains to 16%. COIN is up +0.88% pre-market as it heads into its Q1 2025 earnings report on May 8, trying to recover from a steep YTD decline.
Core Scientific (CORZ)
Core Scientific (CORZ) is down -0.84% in pre-market trading, continuing its recent underperformance. Despite broader strength across crypto-related equities, the stock has struggled to attract buyers.
The company operates one of the largest Bitcoin mining businesses in North America. It provides infrastructure, hosting, and self-mining services through its network of data centers.
CORZ is down nearly 50% year-to-date, making it one of the worst performers among crypto stocks. In contrast, peers like Marathon Digital (MARA) and Coinbase (COIN) have held up much better.
While others benefit from diversification or stronger narratives, Core Scientific remains tied to mining economics—an area hit by rising costs and thinning margins, but that it could have a rebound as BTC rebuilds momentum.
Strategy (MSTR)
MicroStrategy (MSTR) closed yesterday up 3.82%, pushing its year-to-date return to 7.54%. The stock has shown strong momentum alongside Bitcoin’s recent price recovery, with MSTR price up 16% in the last 5 days.
The company, led by Michael Saylor, is best known for its aggressive Bitcoin accumulation strategy. While it originally focused on enterprise software, it has since become heavily tied to BTC’s performance.
Strategy recently purchased an additional $285 million worth of Bitcoin, adding 3,459 BTC to its balance sheet. This brings its total holdings to 531,644 BTC.
The move reinforces the firm’s position as the largest corporate holder of Bitcoin, effectively turning it into a leveraged BTC play for investors.
Coinbase (COIN)
Coinbase (COIN) is trading up +0.88% in the pre-market, showing signs of continued short-term strength. The move comes ahead of a key earnings update.
Ethena Labs is officially closing its German branch and EU operations after a previous MiCA application rejection. For the past month, the firm has been preparing to withdraw from this market.
Although the exit was anticipated, ENA reacted notably, with the altcoin falling over 7% after today’s announcement.
At the time, the firm suggested that this was a minor setback and that it would focus on other markets. Today, it announced that its German branch is winding down altogether.
“We have agreed with BaFin to wind down all activities of Ethena GmbH and will no longer be pursuing the MiCAR authorization in Germany. All whitelisted… users previously interacting with Ethena GmbH have at their request been onboarded with Ethena (BVI) Limited instead. As a result, Ethena GmbH no longer has any direct customers,” it claimed.
The statement further claimed that Ethena GmbH, the German branch, “has not conducted any mint or redeem activity” since the regulators’ MiCA ruling.
Specifically, regulators banned all sales of the USDe stablecoin, putting serious restrictions on the firm. In other words, this outcome is fairly expected. Ethena (BVI) Limited has taken over the German branch’s users.
The network’s governance token, ENA, has seen notable price swings around its MiCA efforts. In Early March, when Ethena Labs was reportedly on track to receive regulatory approval, ENA broke out of multi-month lows and nearly reached $2.5 billion in mark cap.
However, since the rejection, ENA saw continued bearish pressure, which was exacerbated by the macroeconomic conditions across the market. Today’s announcement drove further decline.
The meme coin market is full of surprises, as new trends emerge with every passing day, and the past few days have not disappointed. As the demand for trading bots grows, Solana, being a hotspot for meme coins, has noted the emergence of Axiom as the next big thing.
BeInCrypto has analyzed two other meme coins for investors to watch as they attempt to recover their recent losses.
Animecoin (ANIME)
Launch Date – January 2025
Total Circulating Supply – 5.53 Billion ANIME
Maximum Supply – 10 Billion ANIME
Fully Diluted Valuation (FDV) – $195.39 Million
ANIME’s price surged by 31% in the last 24 hours, trading at $0.019. The meme coin is now approaching the $0.020 resistance, which it failed to secure in the previous month. This resistance level is crucial for continuing its recent momentum and sustaining upward movement.
If ANIME maintains its current bullish momentum and flips $0.020 into support, it could target the next resistance level at $0.023. A successful breach of this level would indicate a strong uptrend and potentially lead to further price increases, attracting additional investor interest.
However, if broader market conditions fail to support this bullish outlook, ANIME could face a decline. A drop below the $0.017 support would suggest a reversal, with the possibility of the price falling to $0.015, invalidating the bullish thesis and signaling a potential further downturn.
Brett (BRETT)
Launch Date – May 2023
Total Circulating Supply – 9.91 Billion BRETT
Maximum Supply – 10 Billion BRETT
Fully Diluted Valuation (FDV) – $375.52 Million
Another one of the meme coins to watch, BRETT, has shown significant growth, posting a 46% increase in the last seven days. This strong performance has brought the meme coin to $0.036 despite the dominance of other meme coins in the market. BRETT’s price action shows potential for further growth if key resistance levels are breached.
However, BRETT is now facing resistance at $0.038, a level it failed to breach in March. If the meme coin can successfully break through this barrier, it may rise to $0.042, reaching a new monthly high and signaling continued upward momentum, attracting investor interest.
On the other hand, if BRETT fails to breach $0.038 again, the price could retreat towards $0.030. This would invalidate the current bullish outlook, erasing much of the recent gains and suggesting the meme coin may struggle to maintain its upward momentum in the short term.
Small Cap Corner – Axiom
Axiom, although not a meme coin, has caught the attention of meme coin enthusiasts. This Solana-based trading bot recently saw a surge in demand, making it the largest bot on the platform, surpassing established bots like Photon, BullX, and GMGN.
Axiom’s success is impressive, recently surpassing $100 million in daily trading volume and commanding 41% of Solana’s entire trading bot volume. The rise of bots for speculative trading offers a convenient solution, and Axiom adds to this trend with its one-tap functionality for executing complex trades.
The growing reliance on bots for speculative trading, especially when it comes to meme coins, provides an easier path for investors. As meme coin investments are often driven by volatility, Axiom offers a middle ground for users seeking to trade these assets effectively. Given the increasing interest, Q2 could see a surge in trading bots, making it essential for meme coin enthusiasts to explore these tools.
However, speculative trading, particularly with meme coins, carries inherent risks. BeInCrypto strongly advises to DYOR before diving into such investments.
Bitcoin (BTC) is up 9% over the past week and is currently trying to establish support above the key $88,000 level. Momentum indicators like the DMI and Ichimoku Cloud are showing clear bullish signals, with buyers firmly in control.
If this trajectory continues, BTC could soon test higher resistances near $88,000 and potentially aim for $90,000 and beyond. However, analysts warn that renewed uncertainty around Trump’s trade tariffs could disrupt the rally and trigger a pullback toward the $81,000 support zone.
Bitcoin DMI Show Buyers In Full Control
Bitcoin’s DMI chart shows a notable rise in trend strength, with the ADX climbing to 29.54 from 24.07 yesterday.
This increase suggests growing momentum behind the current move, pushing the ADX close to the 30 threshold—widely seen as confirmation of a strong, sustained trend.
A rising ADX doesn’t indicate direction on its own, but when paired with directional indicators, it helps identify the prevailing force in the market.
Looking at those directional indicators, the +DI is currently at 23.47 and has remained steady between 21 and 23 over the past two days.
Meanwhile, the -DI has dropped sharply to 9.45 from 16.65, signaling a significant decline in bearish pressure.
This widening gap between bullish and bearish momentum points to buyers taking control, and if the ADX continues to rise above 30, it could validate a new bullish phase for BTC.
BTC Ichimoku Cloud Shows A Clear Bullish Structure
Bitcoin’s Ichimoku Cloud chart continues to lean bullish, with price holding firmly above both the Tenkan-sen (blue line) and Kijun-sen (red line).
Looking ahead, the Kumo (cloud) is green and steadily rising, which reinforces a positive outlook for the coming sessions. The price is well above the cloud, indicating the trend is bullish and also firmly established.
There’s also a clear gap between the current candle and the cloud, suggesting that the market has room to retrace without shifting the overall structure.
As long as the price stays above the Kijun-sen and the cloud remains green, the bullish trend remains technically intact.
Will Bitcoin Break Above $90,000 Soon?
If Bitcoin price maintains its current momentum, it could soon challenge the resistance at $88,839, with $90,000 as a psychological milestone.
Should the uptrend remain strong, further targets lie at $92,920 and potentially $98,484, marking a continuation of the bullish structure.
However, crypto analyst and Coin Bureau founder Nic Puckrin warns that this momentum could be short-lived. He notes that renewed uncertainty around Trump’s trade tariffs might weigh on BTC:
“The caveat here is that all this positive momentum could disappear in a puff of smoke if there’s any backpedalling on tariffs or an unexpected shock announcement – which we all know is always a possibility. In fact, we continue to have constant back-and-forth on tariffs: exemptions on electronics turned out to be temporary, the details of when tariffs will come in are lacking, and so on,” Puckrin told BeInCrypto.
He also defends that the $81,000 support could be tested again:
“This, perhaps, explains why Bitcoin is, once again, in a “wait and see” pattern, with low liquidations at under $200 million pointing to uncertainty in the market. If we don’t see any external shocks, $88,000-$90,000 is the next range to watch, with liquidity pool clusters at this level suggesting we will see an uptick of volatility here. However, a short-term correction to re-test support at $81,000 would be healthy and, as long as BTC remains above this threshold, would even point to a sustainable price recovery,”
Overall, it looks like the current macroeconomic factors are priced in. Yet, the market is cautious about sudden surprises, as Trump’s recent tariffs went beyond any conventional economic trend and disrupted almost every global financial market.
Following this crash, there is widespread fear across the crypto industry of similar events occurring in projects undergoing key phases of development and token unlocking. Among such projects is Pi Network, which recently transitioned to Open Mainnet.
Dr Altcoin, a crypto analyst and advocate for decentralized ethics, relates the OM incident to the Pi Network and calls for stricter regulation.
“The OM incident is a wake-up call for the entire crypto industry, proof that stricter regulations are urgently needed. It also serves as a huge lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet,” he tweeted.
Some users defended Pi Network’s fundamentals, highlighting its utility-focused roadmap and avoidance of speculative hype. However, Dr Altcoin doubled down on concerns over a lack of transparency.
“One thing is clear about the PCT, they are not transparent,” he added.
Still, the broader Pi community remains optimistic. The account Pi Open Mainnet, presented as a pioneer, posted a rebuttal citing reasons Pi may avoid OM’s fate. It highlighted Pi’s slow token release strategy and absence of large early-sell events as elements central to that confidence.
“Massive community (35M+ pioneers), steady unlocks, growing utility (.pi domains, dapps), and a clean track record,” they wrote.
Indeed, Pi’s ecosystem is expanding. The integration with Chainlink, new fiat on-ramps, and Pi Ads are creating what the team calls a “virtuous cycle” of adoption and utility, according to Pi Open Mainnet 2025, a senior pioneer’s account.
“These advancements form a virtuous cycle for Pi Network. Easier fiat ramps bring in more users (Pi’s community is already ~60M strong), Pi Ads drive more apps & utility, and Chainlink integration adds trust and interoperability. More users →more utility,” it stated.
With a community reportedly approaching 60 million, many believe the project has a strong user-driven foundation, unlike OM’s more centralized dynamics.
Is This Enough to Prevent OM-Like Fate?
However, not everyone is convinced this will be enough. Mahidhar Crypto, a Pi Coin validator, urged users to withdraw Pi coins from centralized exchanges (CEXs) to prevent price manipulation.
“We have seen what happened to OM—how market makers dumped on users…When you deposit your Pi Coins on CEX, the Market makers will use bots to create artificial buy/sell walls to manipulate prices or Liquidity,” they warned.
This aligns with recent concerns about collusion between market makers and CEXs. Mahidhar also called for the Pi Core Team to scrutinize KYB-verified businesses and avoid listing Pi derivatives on CEXs, citing the risks of leveraged trading on still-maturing assets.
Further fanning skepticism is on-chain behavior tied to OM. Trading Digits, a technical analysis firm, pointed out that the “Pi Cycle Top” indicator, a pattern often signaling market tops, had triggered twice for OM since 2024, the most recent being just two months before its collapse.
