Pi Network's Core Team published its 2025 annual recap, outlining mainnet and token launch achievements but offering only vague 2026 projections that drew sharp criticism from community members. The project's native token continues trading near $0.20 as 6 million tokens prepare for unlock on Jan. 2.
What Happened: Unclear Roadmap
The Core Team described 2025 as a "defining" year for the project, citing the Open Network and PI token launch in February that enabled "Pi's ecosystem to interact with the broader blockchain world – a milestone achieved after more than six years of building Pi's infrastructure and community, ensuring real utility was ready at launch."
The recap highlighted subsequent updates including AI introductions, KYC progress, Pi App Studio release, Pi Network Ventures and community initiatives such as the Q3/4 Hackathon, ecosystem directory staking and .pi Domains Auction.
The 2026 outlook proved less specific, stating: "The Pi community's efforts this year enabled the launch of Open Network and the many apps, utilities, and features that will continue to be worked on. Pi Network in 2026 will be shaped by Pi's long-term strategies and planning, in addition to Pioneers, developers, and partners building and using the ecosystem together."
Community response turned critical, with one user claiming "years of hype, delays, vague timelines, and zero accountability have destroyed market confidence."
Another commenter, OLOBO, projected: "The slowest project in history. The hypes have faded. By June 2026, Pi would be trading at $0.001."
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Why It Matters: Missed Rally
PI remained flat while comparable altcoins rallied, with Ethena rising 10% during the same period. The token continues struggling to maintain support above $0.20.
More than 6 million tokens will unlock Jan. 2, potentially increasing selling pressure. Daily unlock volumes are expected to decline to under 4 million after mid-January, which could provide market stability.
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