Top Pi community member Mr Spock has urged the project’s core team to implement aggressive buyback and burn strategies to preserve the Pi coin price. The remarks come as the token, which has struggled to recover from steep drops from its peak, is under increasing market pressure.
Expert Pushes for Aggressive Pi Coin Supply Control
In a recent post, top Pi community member Mr Spock argued that Pi Network must take “bold economic steps” to stabilize its token value. He urged the Pi Core Team to launch a buyback program that would purchase Pi from the open market. This would reduce supply, signaling long-term confidence.
Additionally, he suggested that instead of being recycled, all transaction fees within the Pi ecosystem be burned permanently. Because of the resulting scarcity, the Pi coin price could rise. Other recommendations included stopping conventional mining, locking unused tokens, or switching to a utility-based mining model that compensates contributors who directly improve the ecosystem.
“Pioneers have done their part for years,” he wrote. “It’s time for the Core Team to move Pi from potential to power.”
Market watchers have speculated that the Pi Core Team may already be conducting discreet buybacks. As CoinGape previously reported, a wallet labeled “ODM” acquired millions of Pi tokens in recent months. This led to debate over whether it is linked to the team. Some people think this could be a way to keep prices stable or to set aside funds for future exchange listings, ecosystem grants, and improving liquidity.
Blockchain analysts also found that 46 million Pi coins were removed from OKX and sent to a wallet called “Pi Foundation 2,” which is said to be controlled by the Core Team. During times of high market fluctuations, removing coins from circulation can help reduce selling pressure.
Will Pi Coin Buyback and Burn Revive the Price?
Coin burns are a common deflationary tactic in crypto. Although there isn’t an official burn program in place at the moment, community members have talked about starting one in order to keep the Pi coin price stable.
This mechanism could reduce the excess supply caused by years of mobile mining. Institutional investors looking for robust tokenomics would find this appealing as it would increase scarcity. Additionally, burns could be incorporated into smart contracts and Pi apps, with a regular burn of transaction fees.
Analysts caution, however, that burning alone is not a “magic bullet.” For long-term price support, it must be paired with real-world utility and a thriving app ecosystem.
However, the Pi Core Team has taken steps to strengthen the network’s fundamentals. The Pi Core Team is working to improve the network’s foundation. They are giving tokens to business partners approved through KYB instead of sending large amounts to centralized exchanges. Pi Coin has also increased its presence by listing on a US-regulated mobile exchange called Swapfone.
As a listing on Binance is still not available, investors are increasingly calling for buybacks and token burns. These actions could help control the supply and stabilize the Pi Coin price.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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