Nicolas Kokkalis reassured the community after witnessing PI plummet

As the price of Pi Coin fluctuates near its recent lows, this has raised concerns within its large community. Dr. Nicolas Kokkalis, co-founder of Pi Network, has spoken out to explain the current market situation and reassure the "Pioneers" about the long term vision of the project.

His analyses clarify the reasons behind the price drop of Pi and provide insights into the future trajectory of this coin.

According to Dr. Kokkalis, the main reason for the current drop in the price of Pi is due to the overall adjustment of the global cryptocurrency market, affecting the entire ecosystem. He emphasized that this decline "is impacting all major coins — not just Pi."

He also pointed out that giants like Bitcoin, Ethereum, and Solana have experienced significant declines, dragging down overall market sentiment and affecting projects like Pi Network.

However, Dr. Kokkalis highlighted several special factors that distinguish the situation of Pi Network:

Dr. Kokkalis affirmed that the current situation is just "a temporary phase - not a crash." He emphasized that "the true market value of Pi will be discovered" when the Open Mainnet is unlocked and the coin is listed on major exchanges.

He concluded his message with a resilient call: "Stay strong, #Pioneers — the accumulation phase is never like a victory." This perspective aims to strengthen the community's resolve, focusing on long term potential and the fundamental efforts being made, rather than just emphasizing short-term price fluctuations.

Mr. Giáo