The Pi Network coin has extended its downward trend, with its price falling for eight straight days to a low of $0.6025—its weakest level since May 8. The coin is now down over 61% from its March peak.
The recent sell-off gained momentum after the Pi Core Team introduced Pi Network Ventures, a $100 million fund aimed at supporting projects within the Pi ecosystem. While this initiative is seen as a long-term positive, many investors were expecting a major exchange listing instead—on platforms like Binance, Coinbase, or Upbit. The absence of such listings since the token's mainnet launch in February has fueled disappointment.
Adding to the pressure, a surge in exchange inflows has signaled rising selling interest. Data from Pi Scan shows that 5.6 million coins moved into exchanges over the past 24 hours, while only 2.65 million exited—resulting in a net inflow of 3.03 million coins. This pattern of increased exchange outflows has been ongoing for weeks.
Another bearish factor is the looming token unlocks. Over the next month, more than 275 million Pi coins—worth about $176 million—are set to enter circulation. These represent roughly 5.31% of the total supply, and such large unlocks usually put downward pressure on price.
Investors are also wary of centralization risks. The network currently shows just 27 active nodes, zero validators, and over 300 disconnected nodes. The Pi Foundation itself reportedly controls more than 92 billion coins across 2,000 wallets, raising concerns over decentralization.
