The market has progressed but this project didn't. While the airdrop people that have taken their rewards out of this project will never look back on it anymore. The investors who have been waiting for a pump might continue to wait for nothing. I also think some airdrop receivers have held this coin in belief that it's going to be rewarding but it's the opposite.
Undoubtedly, few would think that the distribution of this mega airdrop would drag on for more than three years, which is how long it will take at the current rate of token distribution by Core Team, which is blatantly manipulating the price, withholding the tokens they promised to deliver on Open Mainnet, which was five months ago, on February 20th.
They are delaying the token distribution to try to keep the price at a certain level, rather than having delivered all the tokens and letting the market decide the price.
But this way, they wouldn't be able to raise the money they are making from the sales.
That mainnet thing even took them 6 years I think before they're able to make it that happen. Collected so much IDs and KYC before it finally happened. I think of them that I've seen them talk about mainnet for that long and it's done. Those who were eligible for the airdrop should have sold it when it's still hot in the market but then, even we're still in the bull run. The price of it doesn't move along with Bitcoin just like the other altcoins but it doesn't mean that if others move, it will be also.
It makes no sense to talk about the PI token price while this mega-airdrop is being distributed, and at the current rate Core Team is distributing it to manipulate the price, and breaking the promise that the tokens would be delivered on the open mainnet (Feb 20, 2025), it will last around 3 years.
And I'm not talking about them holding onto the tokens voluntarily locked by the pioneers, but rather those earned through invitees/referrals, or those earned through verifications, etc., for which there is no delivery date.
Therefore, before the end of this mega-airdrop, which could be in 2028, it makes no sense to even consider it.
Don't look, don't buy PI Network before 2028.