Pi Network Validators Face Potential AI Replacement Amid Pi Coin Price Decline

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The Pi Network faces challenges as its validators may be replaced by AI for KYC validations. The Pi Core team has not confirmed this shift, but Dr. Altcoin suggests a reduction in human validator roles.

Concerns have arisen among validators regarding:

  • Non-receipt of dues and rewards after six years
  • Incomplete migration processes
  • Zero balances in wallets despite successful migration steps
  • Confusion over multiple wallet instances post-migration

Dr. Altcoin emphasizes the need for the Pi Core Team to address these issues.

Pi Coin Price Decline

Pi Coin's price dropped 4% to $0.61, marking a weekly loss of over 10% ahead of an upcoming token unlock. Analysts predict potential retests of April lows at $0.40. If the price fails to maintain the $0.3953 support level, it could fall to $0.16.

For a bullish reversal, Pi Coin must reclaim $0.92, with a potential rally target of $3.04. The community anticipates a significant announcement from the Pi Core team on June 28, with concerns that a lack of updates could lead to further selling pressure.

Pi Coin Technical Chart | Source: Weslad