Pi Network Price Hits Record Low Amid Crypto Market Crash
Pi Network’s price has fallen to its lowest point ever,dipping to $0.1515. This drop is a significant 90% from its peak this year, Crossing Previous All-Time Low
Pi Network’s price has plummeted to an all-time low of $0.1515, marking a significant decline from its earlier highs. This drop represents a staggering 90% loss from its peak this year, wiping out over $18 billion in value.
The decline in Pi Network’s value aligns with the broader crypto market crash, which began when President Donald Trump announced new tariffs on Chinese goods. The situation worsened when an anonymous X account, known as Whale Guru, labeled pi as “the biggest scam in crypto history.” The coin’s value has tumbled from nearly $3 in February to just $0.20.
Bybit CEO Ben Zhou echoed similar concerns, citing a Chinese police warning that Pi targets elderly people. The Pi Network team has denied these allegations.
One major reason for pi’s freefall is its lack of listing on major crypto exchanges, making it highly illiquid. Exchanges have likely avoided listing it due to its high centralization and lack of transparency. On-chain data reveals that the Pi Foundation holds over 90 billion pi Coins in unverified wallets.
Additionally, Pi Network’s circulating supply continues to rise through daily unlocks, with over 1.24 billion tokens set to unlock in the next year.The coin has also failed to achieve real-world utility, with a small ecosystem accessible only via the Pi Browser.
Technical analysis shows Pi in a strong downtrend since February.it has fallen below key support levels and moving averages,suggesting further declines.The next critical point to watch is the psychological level at $0.10.
