#PI $Pi now feels like a classic case of stagnation. For years, it has relied on expectations of development, but having expectations without execution will ultimately lead to a loss of momentum.

Practicality remains more at the theoretical level rather than the actual level, with schedules constantly changing, communication feeling vague rather than transparent and convincing.
The narrative focuses on "what will happen next," but the current situation rarely gives holders the confidence to point it out.

Liquidity remains insufficient, price movements are fragile, and even long-term supporters are quietly questioning how much longer they should wait. The market has always been patient... until it is no longer patient.

Unless the team shifts from hollow promises to tangible deliverables, this slow decline could turn into a harsh reality test. The hype cycle won't last forever—gravity will eventually take its toll.