🚨🚨🚨#pi Pi Network Price Crashes To All-Time Low After Latest Announcement — Details

PI Breaks Through Historical Lows As Downtrend Deepens

The PI/USDT pair has now fallen beneath every key support level since its launch. As shown in the weekly chart, PI is trading under a sustained descending trendline and remains below all major Fibonacci resistance points. At the time of writing, the token is sitting just above $0.40, and price action is mounting with selling pressure to break lower, especially if broader altcoin dominance weakens further.

This week’s candle marks a continuation of the steady decline that began in March, despite sporadic bullish spikes. This has allowed Pi to continue declining with every move and is now trading at its lowest price level since its launch.

Interestingly, this crash came amidst a recent announcement by the Pi team. The Pi Network team published an announcement urging Pioneers to voluntarily lock up their PI tokens to boost their mining rates.

According to the August 1 blog post, users can choose to lock up to 200% of their migrated balance and receive enhanced rewards for doing so. The post also explained the various ways to initiate the lockup via the Pi app and Pi Browser.

Bleak Outlook Unless Strong Support Returns

However, this move has done little to calm the storm, and Pi’s price continued its decline.

The announcement’s timing may be flawed, particularly given the unaddressed concerns about migration delays and token liquidity. There’s the inability to trade or use much of the circulating supply, and now, locking tokens with no guaranteed future liquidity feels more like a sacrifice than a strategic decision.