PI tokens sink to an all-time low from 16%

tl; dr

• Pi Network’s native tokens are unable to take a break as prices have once again hit a record low of over $0.5 in the last 24 hours.
• This latest decline comes after former PI supporters claimed the project was a slow lag pull, and others questioned the team’s feasibility.

PI’s latest plunge

The first month and a half after PI’s official launch and trading ability is a perfect example of the typical “Sel-The News” event in the crypto industry amid massive hype. Remember that this project actually started about seven years ago. It was developed until February 20th, 2025. Within this rather extensive period, the community has grown significantly despite seeing countless delays and controversial movements.

After the PI was released, its price surged from under $2 to under $3 to under $3, hitting its highest ever high. It was February 26th. Since then, it has been nothing but a grand downfall. At press time, the PI trades for $0.55, which is 81.5% lower than that record.

A few hours ago, I charted a new low of $0.54 (according to Coingecko’s data) after throwing away another 16-7% in the past day. Certainly, the entire Crypto market has struggled since the last 36 hours after Trump’s latest tariffs, but large or intermediate ALTs have rarely produced such a significant drop.

In fact, PI is the biggest loser of the Top 100 ALTS. Next up is the -10% SUI, all else is single-digit drops, and even non-volatile meme coins.

PI fell from the top 30 ALT in terms of market capitalization. Remember that assets were close to the top 10 a month ago.

More trouble in the future?

The new all-time low comes a day after former PI supporters scored 180 and called the PI network “slow rug.” Crypto X is full of analysts and commentators trying to understand PI prices and what’s going on in the ecosystem across the PI network.

Dr. Altcoin was skeptical of the long-term potential of PI, as most major exchanges such as Binance seem to be reluctant to list it, at least until the Pi Core Team (PCT) is completely transparent about its talknomics.

“At such a low price, the PI community struggles to use DAPP within the PI ecosystem. If this continues for several months, most PI owners will sell the coins and move to a new crypto project. – Dr. Altcoin has been added.

The only move X users have concluded is to “burn billions of PI coins from Pi Foundation wallets.” This is the only way to push prices beyond $10 and maintain the long-term value of your network.