3 Reasons Why Pi Coin May Collapse After Launching Pi Mainnet

Nowadays, millions of users have been diligently "mining" Pi Coin through their smartphones, and will finally get real coins. The excitement for the launch on February 20, 2025, UTC 8:00 AM is extremely high. But there is one question that raises doubt about the future of the Pi ecosystem. Will Pi collapse after the mainnet launch? This is a question that no pioneer wants to hear, but you should not dismiss it at all costs. This has also happened to other cryptocurrency projects in the past, despite all the hype surrounding them. So let's consider 3 main reasons that could lead to such a disastrous scenario for Pioners.

1. Early Miners Profit Pi Coin's longest-standing ally may become its newest foe. Early adopters have patiently accumulated a large amount of PI coins. These miners have been waiting for over 5 years, and this will be their first opportunity to break free. The first people to start selling Pi coin may be the first Pi coin miners. For them, selling a portion of their tokens may be a strategic move to lock in profits, especially if they believe that the initial market price will rise due to strength and speculation.
2. The Sad History of Airdrop History has shown us that every cryptocurrency project launched through an airdrop eventually collapses. When tokens or coins are given away for free, most users rush to sell them as soon as trading begins. Why is the Pi coin different? When cryptocurrency exchanges open trading, many users will try to sell this coin for quick payment.
3. Lack of Practical Utilities The reality is that the Pi network lacks practical utilities. Apart from P2P transactions, no other use cases have been properly explored. Yes, there are decentralized applications being built on the platform, but the number is very small and most users are unaware of them. If the Pi Network ecosystem does not develop a decentralized application network (dApp) and strong partnership relationships to drive the demand for Pi tokens, then collapse is hard to avoid in the near future. Although each project has its pros and cons, its true value can only be measured once it is introduced to the market. Only then can it be determined whether the project has failed or succeeded. Conduct your assessment of cryptocurrency before investing or interacting.