You Won’t Believe What’s Happening to Pi Network After Mantra’s $6 Billion Meltdown 🚨

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If ever there was a lesson to be learned from the tragic ballad of Mantra (OM), it is that one must never keep all of one’s digital eggs in an exceedingly leaky basket. The currency plummeted from $6.32 to $0.57—a drop so severe that even the most hardened Victorian melodramatist would have called it excessive. $6 billion vanished in a single day, as if Tinker Bell herself had snapped her fingers and said, “No more crypto for you, darling.”

In the aftermath, the enigmatic Dr Altcoin—who one must assume wears a mask at parties and drinks absinthe exclusively—has implored the Pi Network’s core development team (those indefatigable gentry calling themselves PiCoreTeam or PCT) to take heed. The suggestion is clear: build your castle on more than a pile of IOUs and good intentions, else one day you shall wake up to discover your fortune replaced by a morose line graph and a poignant sense of déjà vu. 👻

The $OM incident is, I daresay, a rude awakening for the crypto bon ton—a reminder that our wild west does, perhaps, require a sheriff or two. Meanwhile, Pi Core Team, sharpen your pencils: for as you move from Open Network to Open Mainnet, you might want to consider things more robustly than a soufflé at a children’s birthday party. @PiCoreTeam @nkokkalis @Chengdiao

— Dr Altcoin (@Dr_Picoin) April 14, 2025

But alas, the analysts continue to titter behind their monocles: whispers of shady token-locking mechanisms and endless delays in Know Your Business (KYB) approvals persist. Why, only recently, PiDaoSwap found itself forced to launch its NFTs on Binance Chain—that’s rather like booking one’s own wedding venue and having to hold the ceremony next door. The scandal!

Don Ranalli, that perennial cynic of the crypto airwaves, notes that public sentiment for Pi Coin now resembles last season’s fashion: persistently bearish, desperately longing for relevance. His latest pronouncement cuts to the nerve—PI, apparently, delivers “nothing different,” and its creators, Nik and Fen, are either out of ideas or flush with ill-gotten gain (or both, for those who appreciate efficiency).

Random tweets from this X account—one must try anything to create the illusion of excitement for Pi. Still, sentiment festers: as time wears on, the coin is ever more exposed as some tiresome rehash, and the founders could not locate innovation with two hands and a map.

— Don Ranalli (@ranalli_don) April 14, 2025

The people, ever merciless, demand novelty! But PI trundles along around $0.74, jousting theatrically with resistance at $0.75 as if auditioning for a particularly uninspired soap opera.

And yet, the faithful do exist. Analyst Moon Jeff observed the token has soared 27% this week, gleefully predicting $5—albeit with the disclaimer that such triumphs come to those willing to wait out entire geological eras. “It might take weeks, months, or the second coming of Satoshi. But rest assured: $5 is inevitable,” he muses, starry-eyed.

Regard the $PI chart, dear friends: it’s as nice as a summer afternoon before the rain. That $5 is our promised land—but alas! $3 stands between us and glory, stubborn as a mother-in-law. #PiNetwork

— MOON JEFF 🪐 (@CRYPTOAD00) April 14, 2025

This $3 resistance, it seems, is the Mount Everest of crypto—a summit impossible to resist admiring, yet not especially convenient to climb.

Pi price outlook

Let us now peer through the monocle at the 4-hour PI price chart: the RSI resolutely at 61, tiptoeing toward overbought territory, all the while hinting at bullish momentum with the shyness of a debutante at her first ball. Caution! The next dance could be a waltz—or an abrupt tango of reversal.

PI 4-hour chart | Source: Trading View

Bollinger Bands, meanwhile, are narrowing—suggesting the market is either on the verge of a revelation or merely bored. Should the bulls overcome their existential ennui, Pi might revisit $0.7895. Should they faint from exhaustion, $0.6834 beckons below like a particularly unsympathetic undertaker.

PI 4-hour chart | Source: Trading View

The MACD histogram waves its red flag of pessimism, while the signal line continues its haughty promenade above. Should volume awaken from its nap, a bullish crossover, perhaps, lies in wait—in which case, champagne for all! If not, well, there’s always next quarter. 🥂

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2025-04-15 12:54