#Pi #Coin Plunges 88% From February High as Macro Headwinds Crush Risk Appetite

#PiCoin (PI) is facing immense pressure as broader macroeconomic conditions and hawkish Federal Reserve policy weigh heavily on high-risk digital assets. Once a promising retail-driven token during its mainnet launch earlier this year, PI has now emerged as one of the worst-performing cryptocurrencies among the top 100 coins by market cap.

The token has shed 20.2% in the past week, 28.7% over two weeks, and over 27% this past month, according to data from CoinGecko. On a year-to-date basis, PI is down a staggering 88.6% from its all-time high of $2.99 reached in February 2025, making it one of the steepest drawdowns among major altcoins.

Macro & #Market Pressures Fuel PI’s Downward Spiral

The latest PI price correction coincides with a significant shift in the macroeconomic landscape. The U.S. Federal Reserve's decision to keep interest rates elevated has accelerated a move away from risk assets across the board. As Treasury yields rise, investors are reallocating capital into safer, yield-bearing assets, draining liquidity from high-risk cryptocurrencies like Pi Coin.

Additionally, new U.S. tariffs imposed under President Donald #Trump ’s administration have reignited concerns about a global trade slowdown. These developments have rattled equities and crypto markets alike, creating a hostile environment for speculative digital assets.

“PI’s sharp correction mirrors a broader investor flight from risk,” said blockchain analyst Eva Ramos. “Until monetary conditions ease, it’s unlikely we’ll see sustained inflows back into these small-cap altcoins.”