Pi Network, operated by Pi Core Team, has recently experienced a sharp decline in its native token's value following a large sell-off of 12 million tokens by a mysterious holder, which halved the price. This event has led some on-chain analysts to label Pi Network as 2025's biggest rug pull, raising concerns about its stability. Despite the price crash, the Pi Core Team has launched a $100 million fund aimed at supporting real-world applications built on or with Pi, with most investments planned in Pi tokens rather than fiat currency, signaling a focus on utility over speculation. The community remains highly engaged and continues to speculate on whether Pi Coin can reach the $3 mark, which some consider achievable under certain conditions. Meanwhile, the network is attempting a recovery, with bulls defending the $0.74 support level and aiming to reclaim the $1 price point, although challenges such as low liquidity and delayed KYC processes persist. In parallel, the Bee Network community awaits updates on its $BEE token, with no recent announcements on token generation events. Pi Network is also reportedly preparing for its next major exchange listing, which could influence its market dynamics. Discussions continue around the potential of mobile mining as a new frontier for Pi Network.