Pi Network’s token dropped below the $0.30 mark for the first time ever today, falling over 18% in a single day and briefly touching $0.25 before recovering slightly. It now trades near $0.29, but the damage is done – the token has officially set a new all-time low.
While today’s correction affected the broader crypto market – with Bitcoin down around 3%, and major altcoins like Ethereum, XRP, and Solana all dropping more than 6% – Pi Network was by far the worst performer in the top 100. Its steeper losses stand out and reinforce a trend of ongoing weakness that has followed the token for months.
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Price Down 90% Since February Peak
Pi once traded close to $3 during its launch on external exchanges earlier this year. But since February, the token has lost more than 90% of its value. The drop has come despite ongoing platform updates, including the Fast Track KYC rollout, AI-based development tools, a protocol upgrade, and plans to attend major conferences.
Several factors continue to weigh heavily on the price. Despite winning a Binance community vote earlier this year, Pi has not been listed on the exchange. Binance never addressed the outcome, and other major platforms like Coinbase and Bybit have also avoided listing the token. Bybit’s CEO went as far as publicly calling the project a scam, further fueling skepticism.
Another key factor is Pi Network’s tokenomics. The project continues to unlock new tokens into circulation on a daily basis, putting consistent downward pressure on price. While the rate of unlocks has slowed recently, large-scale releases are still planned for the years ahead – particularly in 2027, when some of the biggest tranches are scheduled.
This expanding supply has been difficult for the market to absorb. With demand struggling to keep up, each unlock dilutes the value of tokens already in circulation. Combined with low exchange activity, the result has been months of near-constant price decline and weak trading momentum.
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What’s Next?
While Pi Network continues to make technical progress and expand access, the token’s performance shows little sign of recovery. With today’s fall below $0.30, Pi enters uncharted territory. The lack of major listings and the ongoing impact of token unlocks continue to overshadow development news. Unless there is a major shift in market interest or exchange support, further downside remains a possibility.
