PI Network（PI）代币的历史最高水平下降了80％以上

PI Network的代币从历史最高时期的高度下降了80％以上，不到两个月的时间，在其长期以来的Mainnet推出和Exchange首次亮相之后。

Pi Network's token has plummeted over 80% from its all-time high, less than two months after its long-anticipated mainnet launch and exchange debut.

PI Network的代币从历史最高时期的高度下降了80％以上，不到两个月的时间，在其长期以来的Mainnet推出和Exchange首次亮相之后。

The steep decline has cast a shadow over a project that spent nearly seven years in development, raising concerns about its long-term viability and the sustainability of its hype-driven rise.

急剧下降的阴影对一个在开发工作近七年的项目上产生了阴影，引起了人们对其长期生存能力和炒作驱动升高的可持续性的担忧。

Pi Network officially went live for trading on February 20, 2025, after years of anticipation and a massive grassroots community build-up. Within days, the token surged from under $2 to a peak of $3 on February 26, as early backers and speculative traders raced to get a piece of what many believed could be “the next big thing.”

经过多年的期待和大规模的基层社区的建设，PI Network于2025年2月20日正式进行交易。在几天之内，随着早期的支持者和投机性交易者竞选，许多人认为许多人认为可能是“下一件大事”时，该代币从2月26日的高峰飙升至2月26日的高峰。

However, that rally was short-lived, and PI has since entered a near-vertical downtrend. At press time, the token is trading at approximately $0.55, which represents an 81.07% drop from its all-time high. Earlier today, Pi even touched a new historic low of $0.54, according to CoinGecko, fueling skepticism among former believers.

但是，该集会是短暂的，此后PI进入了近乎垂直的下降趋势。发稿时，令牌交易的交易约为0.55美元，比历史最高水平下降了81.07％。根据Coingecko的说法，今天早些时候，PI甚至触及了新的历史低位，这是前信徒的怀疑。

PI Becomes Worst Performing Top 100 Altcoin

PI表现最差，排名前100位Altcoin

To be fair, the overall crypto market hasn’t been performing optimally in the last 36 hours, especially following renewed trade tensions sparked by former President Trump’s proposed tariffs.

公平地说，在过去的36个小时内，总体加密市场并没有表现出色，尤其是在特朗普前总统提议的关税引起的重新贸易紧张局势之后。

However, PI’s performance in particular has far outpaced its peers. While most top altcoins and even memecoins are down in the single digits, PI stands out, and not in a good way. It’s currently the biggest loser among the top 100 altcoins, with only SUI trailing behind at a distant -10%.

但是，PI的表现尤其超过了同龄人。虽然大多数顶级山寨币甚至成年人都在单位数字中倒下，但PI脱颖而出，但并非很好。目前，它是前100名Altcoins中最大的失败者，仅SUI落后于遥远的-10％。

The freefall comes amidst growing dissent from within Pi Network's own community. Just yesterday, a once-prominent supporter of the project labeled Pi Network a “slow rug,” a term used to describe projects that gradually lose value or community trust over time without an outright exit scam.

自由落体来自PI Network自己的社区中的异议。就在昨天，该项目的曾经是PI网络的曾经是“缓慢地毯”的支持者，该术语用于描述随着时间的推移而没有直接出口骗局，逐渐失去价值或社区信任的项目。

On X (formerly Twitter), prominent analysts and crypto commentators are scrambling to unpack the root of PI's collapse. One voice, known in the community as Dr Altcoin, suggested that PI's uncertain tokenomics and lack of transparency from the Pi Core Team (PCT) are key drivers of the price implosion.

在X（以前为Twitter）上，著名的分析师和加密评论员正在争先恐后地解开Pi崩溃的根源。一个声音在社区中称为Altcoin博士，建议PI不确定的令牌学和PI Core Team（PCT）缺乏透明度的不确定的声音是价格内爆的关键驱动力。

"At such a low price, the Pi community will struggle to utilize DApps within the Pi Ecosystem. If this continues for months, most Pi holders will sell off their coins and shift to newer crypto projects," Dr Altcoin stated.

Altcoin博士说：“以如此低的价格，PI社区将难以利用PI生态系统中的DAPP。如果这种情况持续了几个月，大多数PI持有人将出售其硬币并转移到更新的加密项目。”

Adding to the uncertainty is PI's absence on major centralized exchanges like Binance. Many speculate that large exchanges are hesitant to list the token until the PCT opens the books on supply metrics, vesting schedules, and ecosystem plans.

不确定性加上不确定性是PI在Binance等主要集中式交易所缺席。许多人推测，大型交流不愿列出令牌，直到PCT打开有关供应指标，归属时间表和生态系统计划的书籍。

PI Network Crash Sparks Burn Proposal

PI网络崩溃火花烧伤建议

As PI holders look for a way forward, some community members are now calling for drastic action. Dr Altcoin proposed that billions of PI tokens be burned from Pi Foundation wallets to address oversupply concerns and reignite confidence.

当Pi持有人寻找前进的道路时，一些社区成员现在正在呼吁采取剧烈行动。 Altcoin博士建议，从PI基础钱包中燃烧数十亿个PI令牌，以解决过度供应的关注并重新点燃信心。

"This is the only way to push the price above $10 and sustain the network's long-term value," he said bluntly.

他直言不讳地说：“这是将价格推高超过10美元并维持网络的长期价值的唯一方法。”

Whether the Pi Core Team will take such radical steps remains to be seen. For now, the project faces a critical test: can it recover from one of the steepest post-launch crashes in recent memory, or will it become yet another cautionary tale in crypto's long list of overhyped launches?

PI核心团队是否会采取如此激进的步骤还有待观察。目前，该项目面临着一个关键的测试：它可以从最近的记忆中最陡峭的发出后崩溃之一中恢复过来，还是会成为Crypto长期闻到的发射的另一个警告性故事？

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