Pi Network faces backlash from the community as the token price hits a record low.

The Pi Network community is increasingly disappointed as the token price hits a record low, and users are expressing concerns about the project's direction. On April 3rd, the Pi Network Turkey, the largest community group supporting the project in the region, issued a statement accusing the group of disregarding the voices of users. According to the group, developers have adopted a top-down approach, in contrast to the initial decentralization principle of Pi Network. It states that: "The things we once eagerly anticipated are now nothing but disappointment. What conscience can easily consume the faith and hope of the people? What ethics can disregard the efforts, time, and dreams of so many?" The main issues In the detailed analysis, Pi Network Turkey raised several complaints, including the indefinite delay of the open mainnet launch, limited transparency regarding finances and partnerships, as well as uncertainty surrounding the network's DApp ecosystem. According to the group, there is not much clear information about the number of decentralized applications that are operational or providing real value. Other concerns include the lack of meaningful business integration and the growing distrust due to ongoing delays and unmet promises. Considering these factors, the team has revealed plans to initiate a "follow-unfollow protest," encouraging pioneers to unfollow the official Pi Network channels and express their discontent on major platforms. This group also threatens to take more drastic action if their demands are not met. This includes coordinated one-star reviews on the Pi Network app and a social media campaign under the hashtag #PiNetworkProtest. All-time low Pi The protest took place as the price of the Pi token dropped to its lowest level since its launch. Data from CryptoSlate shows that the asset has decreased by about 14% in the past 24 hours. It is trading near $0.50, the lowest level since its launch. The token has lost over 80% of its value since its peak on February 26. Some analysts believe that this decline is due to the ongoing token unlock. In just this month, nearly 120 million PI tokens, estimated to be worth 62 million dollars, are expected to enter circulation. The network has released 4.9 billion PI, with another 1.54 billion scheduled for next year. Some people in the cryptocurrency field also believe that Pi Network is suffering reputational damage as there is increasing skepticism about whether this project is capitalizing on the hype of Web3 without delivering on its promises.