Pi Network is expanding its footprint in the gaming market as the FruityPi game app integrates seamlessly with several Pi products. This integration would benefit the game developers by streamlining their access to Pi’s infrastructure while capitalizing on the network’s community strengths. Investors are closely watching the movement in Pi Coin amid broader market developments. Pi Network Highlights Gaming As Growth Catalyst The Pi Core Team has emphasized the role of gaming in fostering engagement and utility within the Pi Network ecosystem. The newly launched FruityPi game app serves as a prime example of this vision. Furthermore, the app integrates seamlessly with key products, including the Pi cryptocurrency, Pi Wallet, and Pi Ad Network. Thus, this integration would benefit developers by streamlining their access to the Pi infrastructure while also capitalizing on community strengths like signups, attention, and engagement. Pi Core team sees gaming as a strategic tool to deliver… Read More at Coingape.com
According to data from PiScan, the Pi Network’s core team currently holds the majority of the total Pi Coin (PI) supply.
While such concentration may be necessary during the early stages of a network’s development, it also raises significant concerns about the project’s future decentralization.
Pi Coin Supply Concentration: Core Team’s Control Sparks Worries
The latest data reveals that the Pi Network’s core team controls approximately 62.8 billion Pi Coins across six wallets. Additionally, around 20 billion PI sits in roughly 10,000 unlisted wallets that belong to the team.
This brings the total supply held by these entities to about 82.8 billion PI. It represents a major chunk of the total maximum supply of 100 billion.
Further complicating the centralization issues, Pi Network is currently operating with only 43 nodes and three validators globally. In stark contrast, more established Layer 1 networks, such as Bitcoin (BTC), operate with over 21,000 nodes.Moreover, Ethereum (ETH) has over 6,600, and Solana (SOL) has around 4,800 nodes.
The limited number of nodes and validators means that control of the network is concentrated in the hands of a few entities. Therefore, this makes the network much more centralized than its more established counterparts.
“Analyzing Pi Network’s source code and on-chain data is currently challenging due to its incomplete openness,” PiScan posted on X.
Meanwhile, Pi Network has also raised doubts regarding privacy and third-party involvement. In the 2025 privacy policy update, Pi Network revealed that it uses ChatGPT for its Know Your Customer (KYC) process. This feature was not mentioned in the previous version of the policy.
“We use ChatGPT, as a trusted AI partner, to automate identity verification and enhance security measures. By using our KYC services, users consent to the use of ChatGPT, and other AI providers that may be later implemented, as part of our KYC process,” the document states.
The introduction of artificial intelligence (AI) into the KYC process brings a new layer of complexity to how user data is shared and processed.
This dissatisfaction has resulted in a sharp decline in Pi Network’s popularity. According to Google Trends, the search interest for “Pi Network” has dropped significantly since the mainnet launch on February 20.
On launch day, the search interest was at 100, indicating a peak of public attention and excitement surrounding the event. However, this figure has plummeted to just 12 at the time of this report, reflecting a steep decline in interest.
Ethereum price has been experiencing a prolonged bearish trend, raising concerns among investors and analysts. Recent technical analysis suggests that the cryptocurrency’s price could decline further, potentially reaching as low as $1,060. Multiple factors, including weak market structure, lack of bullish momentum, and negative on-chain data, influence the downward movement.
Ethereum Price Faces Continuous Rejections at $4,000 Resistance
According to price analysis by Mags, Ethereum has failed to break the $4,000 resistance level three times in this cycle. Each rejection has led to a further decline, with the latest downturn pushing the cryptocurrency below its mid-range level. The price is now also trading below an upward-sloping trendline support, which had been holding since the previous cycle bottom.
Analysts warn that Ethereum could continue its decline if it does not reclaim $2,500 in the near term. A further drop below the current levels could expose ETH to a potential fall toward $1,060, where the range low is positioned. The lack of strong support suggests that downward movement remains a strong possibility.
Source: X
Market data indicates that Ethereum price remains under bearish pressure. The altcoin has not shown signs of establishing a solid bottom, raising the risk of prolonged losses. Without a strong recovery above resistance levels, the bearish trend may persist.
ETH/BTC Pair Remains in a Bearish Trend
Additionally, the ETH/BTC trading pair has been underperforming, signaling weakness in Ethereum’s relative strength against Bitcoin. The Relative Strength Index (RSI) on the three-day chart remains below 30, a level that often indicates oversold conditions. However, historical trends show that oversold levels have not always marked a definitive bottom for Ethereum price.
Since mid-2024, ETH/BTC has recorded multiple breakdowns, with declines of 13%, 21%, 25%, and 19.5%. The 50-day and 200-day Exponential Moving Averages (EMAs) continue to trend downward, reinforcing the bearish outlook.
Additionally, analyst CarpeNoctom has pointed out that ETH/BTC has yet to confirm a bullish divergence on its weekly chart, further suggesting that ETH price could struggle to find support.
Source: X
Declining ETF Flows and Weak On-Chain Activity
Since the start of the year, Ethereum-based exchange-traded funds (ETFs) in the US have seen consistent outflows. In March 2021, the net assets of spot Ether ETFs decreased by 9.8%, amounting to $2.54 billion. Bitcoin ETFs, on the other hand, suffered a slight decrease of 2.35% to $35.74 billion. This divergence indicates that institutional fund managers are losing interest in Ethereum.
Further, there is decreasing network usage evidenced by on-chain data. It is worth mentioning the median gas fees have declined on the mainnet and fluctuating at approximately 1.12 GWEI in March. This is a far lower turnover as compared to the previous calendar year, meaning that there are less transaction taking place on the network.
Technical analysts believe that the future performance of Ethereum price is not looking good as it remains below some key levels.The next level of support is at $1,060 which blends with the lower limit of the long-term trading range.
As of this writing, the altcoin is trading at $1,923.03, which is 27.81% low from the previous month. Despite a market cap of $231.96 billion, the ongoing downward trend suggests continued selling pressure.
The Pi Network has announced the listing of new decentralized applications (dApps) and an update on recovery options, providing a major boost for the ecosystem. This comes amid crypto exchange Kraken’s listing of Pi coin perpetual futures on its platform. Pi Network Team Announces New dApps & Recovery Options Update In a blog post, the Pi Core Team (PCT) revealed that it has integrated five new community apps into the mainnet ecosystem interface, thereby expanding the network’s offerings and reinforcing its focus on “ecosystem and utility.” The second update involves a new account recovery flow to help community members reset their passwords securely and efficiently. These announcements follow the recent launch of a $100 million VC fund to support real-world use cases. According to the team, these new applications include a snake game app, e-commerce apps, and applications that provide on-chain data about the Pi token. They noted that these… Read More at Coingape.com
