It’s official: Pi Coin has dropped below its February all-time low of $0.61 – and not just by a small margin. The new bottom at $0.53 is nearly eight cents lower, and it’s a number that’s hard to ignore.
The token has since managed a slight bounce and is currently trading around $0.56. But it doesn’t feel like a recovery – more like the market catching its breath, possibly before another slide.
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The Chart Keeps Falling
Today alone, Pi has lost 18%, placing it once again among the worst performers in the top 100 – even in a market where many altcoins are struggling. Zooming out shows an even clearer picture of weakness: a 31% drop over the past week and a 68% decline over the last month. Since setting its all-time high just five weeks ago, Pi has now fallen by over 80%.
The chart has been in a straight decline for more than three weeks, with not a single meaningful bounce. No signs of a recovery attempt – just a constant slide.
Binance Says No, Again
One of the most frustrating parts for the Pi community has been the complete silence from Binance. The exchange has now actively left Pi out of two consecutive Vote to List campaigns. The latest round introduced 12 new tokens – but Pi Network is nowhere to be seen.
The official reason? Pi isn’t a BNB-based token. But after winning an earlier vote by a massive margin and seeing smaller tokens and memecoins listed instead, it’s easy to see why Pi’s community feels ignored – and angry.
Token Unlocks: Fuel on the Fire
Pi’s tokenomics aren’t doing it any favors. New tokens are being unlocked every day, flooding the market. This month alone will see over 126 million Pi enter circulation. By August, the total added supply will exceed 760 million – and that’s still just a fraction of what’s scheduled for release over the next three years.
The market simply can’t keep up. There isn’t enough demand to absorb all this new supply. So prices fall, holders panic, and more people start to sell. It’s a loop – and so far, there’s no sign of it breaking.
PiFest Didn’t Save It
Even the good news hasn’t helped. Last week, the Pi Network team hosted its first PiFest — a global campaign to showcase real-world use of the coin. The numbers were solid: over 125,000 sellers, nearly 2 million users, all participating in local commerce using Pi. People bought groceries, paid for car repairs, even hired designers – all using the token.
But the market didn’t respond. Even good news like this couldn’t stop the price from sinking. And in this environment, staying optimistic is getting harder with each passing day.
Can Anything Stop the Slide?
Technically, there are a few signals that suggest a possible bounce. The RSI is in oversold territory, and the price is sitting right at the lower edge of the Bollinger Bands. But after such a steep and extended fall, relying on indicators alone feels risky – especially now that the previous all-time low has been decisively broken.
What Pi really needs is a change in sentiment. That could come from a major exchange listing, a strong update from the Core Team, or real signs of progress. But until something concrete happens, the combination of constant unlocks and shaken investor confidence might push the price even lower than $0.53.
Read also: RSI: The Beginner’s Tool That Most People Use Wrong
