🚨 #Pi Network Crashes to All-Time Low After Controversial Announcement – What’s Really Going On? 💥📉


The once-hyped Pi Network ($PI) is now facing its toughest moment yet. The price has officially broken below all key support zones, marking a historic low for the PI/USDT pair — and sparking serious concerns across the crypto community.


🔻 Current Price: Just above $0.40

📉 Trend: Locked in a sustained downtrend since March

⚠️ Chart Outlook: Trading below all major Fibonacci levels with no solid support in sight


Despite occasional bullish jolts, Pi has steadily declined week after week — and the latest candle only confirms what traders feared: the downtrend is deepening.



🔐 The Trigger: Pi Team's New Lockup Strategy


On August 1st, the Pi Network team issued a blog post encouraging users to lock up to 200% of their migrated PI tokens to boost mining rates. The promise? Enhanced rewards for long-term believers.


But instead of igniting confidence, this announcement seems to have backfired.


🧠 Why the pushback?



  • Liquidity Concerns: Users already can’t freely trade PI


  • Migration Delays: Many still await full access to their assets


  • Timing: Asking for lockups during a price crash feels tone-deaf


With no clear path to open market liquidity, the lockup feels more like forced faith than smart strategy.



📉 Where Does $PI Go From Here?


If altcoin dominance drops further and Pi fails to reclaim critical resistance, sub-$0.40 levels are very much in play. Without a major reversal in sentiment or structure, the outlook remains bleak.


But in crypto, every crash creates a comeback story — eventually.

The question is: Will Pi be part of the next chapter?


Stay sharp, stay informed.


#PiNetwork #AltcoinCrash #CryptoNews #BinanceSquare #PI $ETH