Pi Network Issues User Reminder Amid 88% Market Cap Decline
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Official Channel Reminder: The Pi Network team emphasized that the only official X account is Pi Network (PiCoreTeam), which has 4.2 million subscribers, surpassing popular altcoins like Ripple and Ethereum, aiming to reduce user exposure to misleading information and scams.
- Significant Market Cap Decline: Since the mainnet launch, the native token PI has lost 88% of its market cap, resulting in billions in market capitalization evaporating, reflecting a decline in investor trust that necessitates measures to restore confidence.
- Price Trend Analysis: The PI token has increased by 3.2% over the past week, currently trading at around $0.21, with analysts suggesting that a breakthrough above the key resistance level of $0.215 could trigger a new rally.
- Divergent Market Reactions: While some users applauded the official reminder, critics argue that the project team should prioritize addressing more significant issues to regain investor trust, highlighting a clear divide in market sentiment regarding the project.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
