The PI token is experiencing a sharp decline in value, falling over 80% since its February peak, fueled by concerns regarding oversupply and limited market access. This price drop coincides with rising community dissatisfaction, stemming from unmet expectations and ongoing technical issues like a lack of major exchange listings. Pi Network’s core team, led by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, faces criticism for the current situation. 4.9 billion PI tokens in circulation, coupled with anticipated future releases, has amplified market pressure on the token price. A significant factor is the lack of visibility for users regarding mainnet launches and real-world applications. These factors have fueled a growing wave of community backlash, leading to social media campaigns demanding greater transparency from Pi Network.