On August 6, Pi Network dropped to a new all-time low of $0.335, continuing a multi-month decline that has erased nearly 90% of its value since February. The latest drop marks a sad milestone for the project, which reached a peak of $2.98 earlier this year but has since faced growing sell pressure and falling market interest.
The token has struggled to hold any gains in recent months. Despite short-lived rallies in May and July, Pi’s price has continued to decline steadily. The latest drop follows no major announcement or external shock – instead, it reflects an ongoing trend of weak demand, high supply, and limited market access.
Supply Growth and Exchange Absence
One of the key factors behind Pi’s current price behavior is the ongoing token unlock schedule. Millions of new tokens are entering circulation each day, with circulating supply now nearly 7.8 billion. This steady increase has not been matched by comparable demand, which has led to persistent downward pressure on the price.
At the same time, Pi is still not listed on any major centralized exchange. Although the token won a community vote for listing on Binance earlier this year, no listing has taken place and no update has been provided. Pi also remains unavailable on platforms such as Coinbase, Bybit and Upbit. The absence of major exchange access has limited liquidity and visibility.
Community Activity and Ecosystem Expansion
Despite the price drop, the Pi community remains active. According to official figures, over 19 million users have completed KYC verification, and more than 21,000 apps have been created using Pi Network’s app development tools. The network also recently introduced features such as staking, no-code AI tools, and a $100 million ecosystem fund aimed at supporting projects built on Pi.
These developments have not yet translated into a sustained impact on market price. However, short-term rallies in May and July suggest that Pi remains responsive to speculation – especially around exchange listings. In both cases, price surged over 50% in response to teased announcements from the Core Team, though gains faded when no listing followed.
Slower Unlock Pace Ahead
While token unlocks will continue for years, the pace of release is expected to slow somewhat in the coming months. Although large batches are still scheduled, including a major one in 2027, the heaviest release periods may now be behind. A slower supply increase could reduce sell pressure, depending on whether demand strengthens.
Outlook
Pi Network currently faces multiple challenges: lack of exchange listings, ongoing supply growth, and limited liquidity. The token has not participated in broader market rallies and has fallen further during recent pullbacks. However, strong community engagement and prior responses to speculative news suggest that price could still move sharply under the right conditions.
At this stage, further developments – particularly related to exchange access or token utility – may be necessary for any sustained recovery. Until then, Pi remains under pressure, with its short-term direction likely to depend on whether new demand can offset its growing supply.
