Key Insights
Pi Coin could directly benefit from US Crypto Regulations under Trump.
Pi was created by two Stanford graduates and aligns with Trump's MAGA plan.
However, some crypto executives including Bybit CEO have openly called Pi a scam quoting police reports on data violations from 2023.
The network's survivability depends on how it does in the future.
In the last 24 hours since launch, Pi has lost 50% of its value.
As the AI and Crypto Working Group prepares their report, the directions given to it by Donald Trump could benefit even new projects like Pi Coin. In their policy-making work, the working group was tasked with creating a policy that promotes US-based cryptocurrencies.
Pi Coin being created by two Standford graduates is one such project that stands a chance to benefit directly from these rules.
Further, if the US National Digital Assets Stockpile becomes a multi-crypto one, it could directly benefit Pi. Along with other "Made in USA" cryptos, Pi could find a place in the fund.
Pi Coin fits well into Trump's pro-crypto and pro-America policy. It was created by two Stanford PhDs, Nicolas Kokkalis and Chengdiao Fan in the USA. As a result, the crypto qualifies as a "Made in America" crypto which then aligns well with Trump's much broader MAGA plan.
Relaxations in terms of taxation, policy support and even an ETF approval would be enough to establish Pi as one of the most popular and widely owned cryptocurrencies.
Finally, if we take a closer look at the Trump family's crypto ownership, we see that the family business, World Liberty Financial owns a wide variety of cryptocurrencies even if their holdings are small.
World Liberty Financial Holdings
Arkham Intelligence
If at any point in time, Trump includes Pi coin in the US National Digital Asset Stockpile, even if nominally, it could boost the cryptocurrency. This lift could easily establish Pi as a daily-use crypto.
As the Pi Network was launched almost 6 years after its creation, it saw an initial surge in redemption. Yesterday we saw an intense sell-off in Pi that crashed its token value.
Pi Coin Crashes to $0.69
Tradingview
Pi Coin has dropped to $0.69 at press time after seeing a high of $2 after launch yesterday. The token saw a drop till $0.67 yesterday but recovered quickly. It now trades at a loss of 23% intraday and 85% since its high yesterday.
It is now assumed that most of the sellers who wanted to unlock their funds and sell their Pi have already done so. Going on, Pi's unique KYC process and unlock schedule enable it to avoid any flood of tokens in the market. Hence, we expect future unlocks to have a minimal impact on the price.
Further, Pi's generic use case as everyday crypto helps it market itself as a token with varied uses ranging from shopping rewards to small cross-border payments. If this aspect drives further demand from the crypto markets, we could see Pi seeing an increased demand and hence we expect Pi to cross $1 price soon.
Still, it would take some time to see if the coin has any future potential. The next quarter will show whether Pi Coin survives like $TON and becomes a mainstream project or evaporates like $TRUMP.
Despite Pi Coin being immensely popular in the retail markets, several crypto KOLs and executives have been calling it a scam.
Bybit CEO Ben Zhou has openly called Pi Network a scam quoting a 2003 report from the Chinese Police. Zhou claimed that Pi encouraged senior citizens in China to disclose their pension records. Bybit was one of the exchanges that did not list Pi.
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