Is the Pi Network Dream Over? Core Team’s Anniversary Post Met With Pioneering Rage

“What reason is there to celebrate,” asked one of the popular Pioneers below the Core Group post.

The team behind the controversial project posted a celebratory message a few days ago, marking the first year of the launch of the Open Network.

However, many users also questioned the actual status of the project’s implementation and criticized the lack of migration progress.

The Open Network is celebrating its 1st birthday

In its blog post, the group began by describing some of the achievements that have been achieved even before the official launch of the Open Network on February 20, 2025.

“Prior to the Open Network, the Pi community collaboratively built an ecosystem over the course of six years to ensure Pi’s readiness and sustainable use. This development period allowed Pi to create real applications and resources for Pioneers to interact with, and secure the ownership of millions of Pioneers to prepare the network for real-world goods and manufacturing processes.”

They explain that the main idea of ​​Pi is to be freely accessible, allowing “anyone to mine without technical or financial restrictions.” The team added that the project allowed for wide distribution and inclusion, and enabled the network and all stakeholders to “provide the patience to participate in the difficult work required to create a fully functional ecosystem predicted for the use of the work.”

The post doubled down on the network’s progress, consistent with the group’s long-term vision and strategy – to create an inclusive, service-driven, and widely accepted currency that is widely accessible.

Shocked Pioneers

Perhaps it was one of those claims that caused a huge backlash from many Pioneers in X under the Core Group post. YouLong/PiNetwork – a popular Pioneer with 27,000 followers, raised several valid questions about the nature of the network and the functionality of the underlying token:

“What reason is there to celebrate? To celebrate the fact that compliant users have not migrated? Or to celebrate the steady decline in coin prices over the past year since launch? Please approach the real concerns of long-time miners with consideration.”

It is worth noting that the PI token has been in free fall for almost a year. It peaked at $2.99 ​​on February 26 last year, but has fallen 94.5% since then and now sits inches above $0.16.

You may also like:

Some users echoed the previous statement, one added, “We are tired of waiting for the second migration,” while others said they have been waiting five or six years for the coin to migrate.