Analyst Breaks Down Pi Network’s Core Problems—No dApps, No Access, No Demand

On-chain data from Pi Network in July seems to contradict Pioneers’ expectations. While Pioneers hoped that recent updates from the Pi Core Team would drive demand, reality shows increasing selling pressure instead. The clearest evidence lies in the rising amount of Pi transferred to centralized exchanges throughout July. Over 400 Million PI Held on CEXs in July Earlier this month, BeInCrypto reported that the amount of Pi on exchanges had reached a record high of 370 million source: https://beincrypto.com/pi-network-main-issues-falling-demand/