Despite optimistic projections following an integration with Telegram’s crypto wallet, Pi Network’s token value has plunged, highlighting a stark disconnect between market expectations and the project’s actual performance. Initial enthusiasm for the integration, which aimed to leverage the platform’s massive user base, failed to translate into sustained growth. The token only saw a modest 0.97% rise shortly after the announcement before entering a protracted downward trend. Over the past month alone, its value has dropped more than 61%, indicating an alarming lack of market momentum. This discrepancy is further reflected in technical indicators: the BBTrend remains firmly negative for twelve consecutive days, reaching -22.34 – signaling a clear sell signal. Meanwhile, the RSI, while showing a slight uptick at 40.45, still lingers within a zone of weakness after previously hitting 23.8, suggesting persistent buyer apathy. These indicators paint a bleak picture, underscoring that market volatility and investor confidence remain fragile. This situation underscores the inherent challenges faced by crypto projects in securing sustained growth even with significant announcements. Pi Network’s integration with Telegram may have boosted visibility, but without demonstrating tangible utility and addressing underlying concerns about the project’s legitimacy, it might fail to resonate meaningfully with a skeptical market. The cryptocurrency industry is rife with skepticism, particularly after controversial interventions from influential figures like Bybit CEO Ben Zhou and Cyber Capital founder Justin Bons, who labeled Pi Network as a