儘管Pifest 2025展示了現實世界中的用法，但PI（PI）令牌的2月峰值下降了77％，至0.70美元以下。

PI Network的PI代幣跌至0.70美元低於0.70美元以下，現在僅少了幾美分，遠低於$ 0.6152的歷史最低點。在代幣損失了其價值的77％之後，這種急劇下降

The Pi Network’s native token, Pi (PI), has slid below the $0.70 threshold, now just a few cents away from reaching its all-time low of $0.6152, hit earlier this year.

PI網絡的本地令牌PI（PI）的滑動低於0.70美元的門檻，現在距離今年早些時候達到其歷史最低0.6152美元只有幾美分。

The token has lost a staggering 77% of its value since cresting at $2.98 in February, a peak reached as Bitcoin (BTC) was in the midst of a price discovery phase, ultimately setting an all-time high above $85,000. Meanwhile, Ethereum (ETH) sustained itself above the $1,850 mark throughout February.

自2月份的頂峰以2.98美元的價格以來，該令牌損失了驚人的77％，因為比特幣（BTC）處於價格發現階段的峰值，最終將歷史上的高價設定為85,000美元以上。同時，以太坊（ETH）在整個2月的$ 1,850上保持了自己的位置。

But as broader cryptocurrency markets have displayed strength recently, with Bitcoin's price setting an impressive 2024 high and Ethereum’s "Merge" delivering promising results, Pi appears to be defying the bullish tide.

但是，由於最近更廣泛的加密貨幣市場表現出了強度，比特幣的價格設定了令人印象深刻的2024年，而以太坊的“合併”帶來了令人鼓舞的結果，PI似乎違背了看漲的潮流。

The surprising drop comes after the recent conclusion of PiFest 2025, the first-ever global commerce event powered by the Pi Open Network.

令人驚訝的下降是在Pifest 2025最近結束後，這是PI Open Network提供的首次全球商務活動。

Despite record-breaking participation, with over 125,000 registered sellers and 58,000 active merchants participating in the event, and more than 1.8 million Pioneers engaging in transactions on a daily basis using their Pi Wallets as cafes, boutiques, auto shops, and local services accepted Pi at the event, the token's value has continued to slide.

儘管有創紀錄的參與，但參加活動的125,000多名註冊賣家和58,000名活躍商人參加了活動，每天使用PI錢包作為咖啡館，精品店，汽車商店和本地服務的PI，每天都有超過180萬的先驅者從事交易，而該事件的價值仍在繼續。

Why Is Pi Coin Price Struggling?

為什麼PI硬幣價格掙扎？

According to cryptocurrency analysts, the sustained downward pressure on PI's price may be attributed to investor uncertainty. Despite the success of PiFest 2025 in showcasing the expanding scope of the Pi ecosystem, with an increasing number of use cases being developed, and the integration of the token in diverse sectors, the market seems to be exhibiting caution.

根據加密貨幣分析師的說法，PI價格的持續向下壓力可能歸因於投資者的不確定性。儘管Pifest 2025在展示PI生態系統的擴大範圍方面取得了成功，並且開發了越來越多的用例，並且代幣在各個部門中的整合，但市場似乎在謹慎行事。

This caution is fueled by several factors, including limited liquidity in the Pi token market and ongoing concerns among investors regarding the token's long-term utility. Investors are keen to see how Pi will generate sustainable value in the broader cryptocurrency ecosystem.

這一謹慎源於幾個因素，包括PI代幣市場的流動性有限以及投資者對代幣的長期公用事業的持續擔憂。投資者渴望了解PI將如何在更廣泛的加密貨幣生態系統中產生可持續價值。

Moreover, the lack of regular updates from the Pi Network leadership regarding the network’s financial health, strategic roadmap, and upcoming milestones could be contributing to skepticism among traders. While the event showcased Pi's role in local commerce, it seems that translating this into sustained price growth has proven challenging.

此外，PI網絡領導層缺乏有關網絡財務健康，戰略路線圖和即將到來的里程碑的定期更新可能會引起交易者的懷疑。儘管該活動展示了PI在本地貿易中的作用，但將其轉化為持續的價格增長似乎已被證明具有挑戰性。

The Road Ahead

前面的道路

However, despite the current downturn, the leadership at the Pi Network remains optimistic. The successful execution of PiFest 2025 underscores the potential of the Pi token for real-world applications, with businesses from around the world now participating in the network.

然而，儘管目前的經濟低迷，PI網絡的領導仍然樂觀。 Pifest 2025的成功執行強調了PI令牌對現實世界應用的潛力，來自世界各地的企業現在正在參與網絡。

As the Pi Network continues to expand its footprint and develop new use cases for the token, many investors are maintaining their optimism. They are hopeful that as the network's ecosystem grows, it will be reflected in the token's price performance.

隨著PI網絡繼續擴大其足跡並為代幣開發新的用例，許多投資者正在保持樂觀態度。他們希望隨著網絡的生態系統的增長，它將反映在令牌的價格性能中。

But for now, the question remains: Can Pi regain its footing in a market largely displaying bullish sentiments, or is this just the beginning of a longer correction phase for the token as it encounters headwinds in a competitive cryptocurrency landscape? Only time will tell which way the token trends next.

但是就目前而言，問題仍然存在：PI可以在很大程度上表現出看漲情感的市場中恢復其地位，還是這只是代幣在競爭性加密貨幣景觀中遇到較長的校正階段的開始？只有時間才能說明接下來的令牌趨勢。