Pi coin has not been able to return to $0.50! Pi has received support from 137 Ventures, and the community is debating the prospects of the "open Mainnet".

Today (10), in the Asian early trading session, Pi Network (PI) followed the market rebound, but the pump was limited to within 2%, currently reported at 0.4681 USD. The recognition of Pi Network by 137 Ventures is both exciting and concerning. The Pi Mainnet is about to launch, and the community is fiercely debating its price prospects.

With Pi Network gaining new venture capital recognition, a wave of excitement and tension has swept through the entire community. This debate intensified on July 9, focusing not only on the potential of Pi coin but also on concerns regarding the continuously increasing supply of its tokens. Prior to this, 137 Ventures decided to include Pi coin in its selection of crypto projects worthy of institutional attention. Since then, Pi Network has become a hotbed for speculation, analysis, and calls for strategic reforms.

137 Ventures Supports the Credibility of the Enhanced Pi Coin Vision

Recently, the well-known venture capital firm 137 Ventures, famous for supporting high-growth tech companies, has included Pi Network in its blockchain investment portfolio. This has sparked current optimism. This marks one of the first significant institutional recognitions of the project's grassroots power and mobile-first design. Many believe that for a network with over 50 million active users, this is undoubtedly a belated recognition.

Supporters believe that Pi Network's strategy is to expand its user base before launching a fully open Mainnet. This could redefine how Layer 1 (L1) blockchains achieve mass adoption. However, others warn that without financial sustainability and sound tokenomics, mere appeal does not guarantee success.

The community has differing views on supply growth and destruction prospects

This warning has caused a strong reaction throughout the community. A well-known technical analyst, CryptoLite_247, pointed out what he believes to be the biggest challenge facing Pi: the continuous issuance of tokens without a visible supply cap.

He wrote in a post on July 9: "As long as the Pi coin does not have a destruction mechanism, the price may slowly decline."

This post subsequently sparked a series of replies, with some defending the token model while others called for the implementation of deflationary policies.

The community still has divisions. One side advocates for a radical burning mechanism to support long-term value, while the other believes that early inflation is beneficial for broader accessibility and fair distribution. The common ground between both sides is the desire for clarity, especially as Pi coin approaches the most critical stage of its journey.

The pressure before the Mainnet launch is increasing

The Pi Network team is facing increasing pressure. Its open Mainnet is about to go live, at which point users will be able to trade Pi coins freely outside of the closed ecosystem. This milestone will determine the success or failure of community trust, which depends on the evolution of price, utility, and liquidity.

(Source: Trading View)

Currently, the Pi price hovers around $0.46, in what many traders call an accumulation range. Analyst @Lilianobodo points out that the range between $0.40 and $0.50 has historically been a support level before an upward movement. In an article dated July 9, he noted that if the momentum continues, the next step could be "breaking through $1." He also added that the Pi coin chart may be "close to the end of the accumulation phase," preparing for a potential pump.

The Road Ahead: Speculation, Hope, and Institutional Observers

Currently, Pi Network is at a delicate edge. The nod from 137 Ventures brings optimism, but it also raises questions. Many hope that the interest from institutional investors can prompt the Pi core team to reassess its token model, explore burning strategies, or increase transparency.

As more and more venture capital firms pay attention to Pi Network, and with the Mainnet launch approaching, the next 30 days could determine the future of Pi Network. Whether the project can achieve the expected growth or faces internal price pressure will depend on how it balances vision, supply, and community demand.