- Pi coin plunged 25% this week to $0.263, testing the critical $0.260 support level with downside risk toward $0.230.
- Dr. Altcoin called on the Pi Core Team to end the “GCV debate” over false $314,159 valuations and dual-value claims.
- Despite bearish price action, weighted sentiment hit a two-month high, hinting at optimism for a potential rebound if $0.286 is reclaimed.
Pi coin has been under heavy selling pressure, tumbling 25% in just a week to trade near $0.263. At the same time, community tensions are running high. Commentator Dr. Altcoin openly called on the Pi Core Team to finally address what’s known as the “GCV debate.” This centers around claims by a group of supporters who argue that mined Pi is worth $314,159 per coin, a valuation far detached from market reality. Many in the ecosystem now see these narratives as damaging and misleading for new adopters.
Expert Calls Out False Narratives
According to Dr. Altcoin, the so-called GCV community has been spreading myths of a “dual-value system,” suggesting that mined Pi should be priced differently from Pi bought on exchanges. He warned that such narratives discourage open-market trading and could sabotage Pi’s reputation long-term. While some educators in the space have tried to push back against the claims, Dr. Altcoin believes the Pi Core Team must intervene directly—possibly even through legal measures—before the misinformation erodes trust further.
Price Holds at Key Support as Sentiment Surges
Despite the drama, Pi coin’s weighted sentiment spiked to a two-month high, suggesting many traders remain surprisingly optimistic. Analysts note that $0.260 has become a crucial support zone. If Pi manages to hold above it and reclaim $0.286, a short-term relief rally could follow. But if it breaks lower, prices may slide toward $0.230, leaving investors with more uncertainty. For now, Pi sits in a fragile position: fundamentals are improving with network upgrades like Protocol v23 and the Linux Node rollout, but the coin’s market action is still overshadowed by community disputes and bearish momentum.
