The post Token Falls 17% as Community Calls for Transparency After Mantra Collapse appeared on BitcoinEthereumNews.com.

TLDR Pi Network price has fallen 17% to $0.611 as community demands more transparency Lack of transparency has prevented Pi Coin from securing listings on major exchanges like Binance and Coinbase Analysts warn of potential further 55% drop due to increasing token supply Pi Coin has entered a demand zone which may lead to a bullish reversal according to technical analysis The Pi Core Team holds more than 67 billion tokens (over half the max supply), raising concerns about tokenomics Pi Network’s price has taken a steep dive, falling 17% to trade at $0.611 as of April 16, 2025. The drop comes amid growing calls from the Pi Coin community for increased transparency following the recent collapse of Mantra (OM), which saw its value plummet by more than 90% in just 24 hours. The Pi community believes that without major changes in how the project operates, it could face a similar fate to Mantra. Many users point to the lack of transparency as the main issue preventing the token from securing listings on top exchanges like Binance and Coinbase. This recent price drop has brought Pi Coin into a major demand zone, which some analysts believe could lead to a bullish reversal if buyers step in. Historical patterns show that previous drops to this level have quickly been followed by surges in buying volumes. Transparency Concerns Mount Dr Altcoin, a prominent voice in the Pi Coin community, has demanded that the project adopt greater transparency. In a recent post on X, he stated, “It serves as a HUGE lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet… One thing is clear about the PTC, they are not transparent.” The $OM incident is a wake-up call for the entire crypto industry—proof that stricter…

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Filed under: News - @ April 16, 2025 9:23 am