Pi Network has rebounded from sub-$0.40 lows earlier this month, now sitting near $0.65. This is still a steep fall from its all-time high of nearly $3.00 during its Open Network launch, but the recent uptick has sparked hopes for a reversal.

Following a rough March, April has offered a more stable price environment for Pi, suggesting that bulls might be gaining some control.

Pi Price Action Strengthens as Accumulation Surfaces

Crypto analyst Dr Altcoin revealed that a wallet linked to Pi’s core developers has been steadily buying Pi tokens—approximately 50 million PI worth over $30 million—helping slow the decline and restore some confidence.

The buying spree, combined with a general improvement in crypto market sentiment, points to a possible shift in trend.

Adding fuel to the fire, Chainlink recently began supporting Pi blockchain data feeds, which could allow for broader DeFi participation. Pi’s co-founder Nicolas Kokkalis is also set to appear at the Consensus 2025 conference, drawing attention back to the project.

According to web3 researcher Jatin Gupta, Chainlink’s integration may unlock vital dApp development on the Pi chain.

Should Pi Still Be Considered by Crypto Investors?

Pi Network boasts a large user base and a $4.5 billion valuation, but controversies around its centralization and business model persist.

Critics argue that the long-running referral strategy mimics pyramid schemes. Delays in launching the mainnet, slow KYC, and a lack of transparency have further eroded trust.

Token inflation is another issue. With supply growing faster than adoption, concerns about dilution remain a barrier to long-term holding.

Why MIND of Pepe Might Be the Better Bet

Unlike Pi, MIND of Pepe (MIND) is gaining ground thanks to its unique approach. The Ethereum-based project merges AI and meme coin hype and has already secured $8 million in its presale.

With 279% APY on staked tokens and more than 1.2 billion tokens committed, MIND offers functionality and tokenomics that appeal to crypto traders. It rewards holders when Bitcoin hits price milestones and burns tokens at key checkpoints.

Security audits by Coinsult and SolidProof and its real-time AI features make MIND a standout. Given Pi’s ongoing issues, MIND could offer a more reliable upside during the current market cycle.