While Pi Network continues to face problems in price and perception, a new memecoin with a built-in AI engine is gaining traction as it enters the final two days of its presale. Despite a recent listing on Kraken Pro, PI failed to hold above the key $0.76 level.
PI Network’s launch of its new .pi domains has received criticism from users and observers. One major issue is the auction of domain names that resemble big companies, like amazon.pi and samsung.pi. This has raised legal concerns, as these names could violate trademark laws. Companies might take legal action, and buyers of such domains could face problems.
Another concern is that pi domains don’t work in regular web browsers. They only function through the Pi Browser or a special plugin, which limits how useful and accessible they are. This makes it harder for people outside the Pi ecosystem to use or interact with these domains.
The Pi Core Team also has full control over the domain system, meaning they can reserve, assign, or remove domains at any time. Some users worry this goes against the open, decentralized ideas behind blockchain technology.
Finally, there are claims of insider bidding during the domain auctions. Some believe that high bids on certain names may have been placed to boost the hype and value of the domains.
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PI Price Action – Price Drop Below Resistance Level And 50 MA
The token now trades just below its 30-day simple moving average (SMA), which is acting as resistance around $0.76-$0.77. The chart shows a clear downtrend since February, followed by a period of sideways movement. This consolidation is narrowing, forming a descending triangle, a bearish pattern that often signals further downside.
The next key zone is around $0.56, which served as a solid base during April. A drop below that could open the door to even lower levels. Conversely, for any bullish reversal, PI would need to reclaim the $0.77 level and hold above it with strong volume. Until that happens, the trend remains weak, and sellers appear in control.
In short, PI is in a fragile position. The price action favors caution unless the token can regain lost momentum.
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New Memecoin MIND of Pepe Gains Momentum as PI Coin Loses Steam
With Pi Coin (PI) showing continued weakness and still unlisted on major exchanges, many traders are shifting focus to promising alternatives. One standout is a new memecoin called MIND of Pepe (MIND), a project that blends meme culture with AI utility.
The token’s presale has already raised over $10.6 million, reflecting growing investor interest. MIND of Pepe is more than just hype. Backed by an autonomous AI agent, the token offers real-time market analysis by scanning social and trading data, giving holders smarter tools to navigate the crypto market.
The $MIND of Pepe Terminal is nearly upon us. 👁
What can you expect?
◎ Access to the latest signals
◎ Quick access to token purchasing page
◎ In-depth technical analysis
◎ Risk/reward ratio insights
◎ Real-time chart displaysWelcome to the future. Welcome to $MIND.… pic.twitter.com/IsnQWTa0vu
— MIND of Pepe (@MINDofPepe) May 22, 2025
One of the most unique aspects is the AI’s ability to scan for market gaps and even propose or generate new token projects, giving early access to holders before they hit public charts. For those looking to get in early on high-potential tokens, this could offer a real advantage.
The token is currently priced at $0.0037515, and the presale will close in less than four days. Investors can also stake MIND for yields of up to 219% APY, making it one of the most closely watched new memecoins heading into launch week.
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Key Takeaways
- Price Drop Despite Listing: Pi Network failed to hold gains after its Kraken Pro listing, falling below key resistance at $0.76. Now the price is below the 50 MA. Reclaiming this level is important.
- pi Domain Backlash: The launch of .pi domains drew criticism for auctioning trademarked names and limiting access to Pi Browser only.
- Centralization Concerns: Pi Core Team’s full control over domain management raises transparency and decentralization issues within the ecosystem.
- Shift Toward New Memecoins: With utility and trust concerns mounting around PI, traders are eyeing emerging opportunities like the new memecoin MIND of Pepe.
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