Pi Network’s PI Token Faces Sharp decline, Awaits Potential Rebound
Pi network’s native token, PI, has seen a meaningful drop, falling to around $0.86 on May 16. This decline comes despite recent positive developments, with many hoping for a price recovery.
PI has lost over 40% from its weekly high of $1.57 and is 71% below its all-time peak of $2.99. On May 14, the Pi Foundation unveiled a $100 million venture fund to support startups in AI, gaming, fintech, and e-commerce. this fund aims to enhance the real-world use of the Pi ecosystem. However, the market responded negatively, possibly due to the absence of a major exchange listing.
Technically, PI has broken below the $0.89 support level. The relative strength index stands at 54, indicating neutral momentum.Short-term trends are weak, but longer-term indicators show some strength. The overall direction remains unclear, though early signs of recovery are visible.
Upcoming events could change the narrative. Dr. nicolas Kokkalis, Pi Network’s founder, will speak at consensus 2025, a major blockchain event. The team might reveal a decentralization plan. The deactivation of the core node suggests a move towards a more open system.
Speculation about exchange listings persists. Strong community support and wallet activity linked to Binance have raised hopes for a listing, which could boost liquidity. Though, an estimated 1.47 billion PI tokens will unlock over the next year, potentially putting downward pressure on the market. A token burn could help mitigate this.
If Pi Network delivers key updates at Consensus 2025 and confirms decentralization or listings, the price could recover above $1. Failing to meet expectations may push it back toward $0.75.
