Pi Network News: Will Pi Coin Recover After a 40% Drop? Price Outlook for March

February 20, making an explosive debut with a 705% surge on its first day. In just a week, its price skyrocketed by nearly 1,458%, reaching an all-time high (ATH) of $2.98 on February 27. But just as quickly as it climbed, PI took a sharp turn downward, losing over 40% from its peak.

The Rise and Fall of Pi

In its early days, PI created a buzz in the crypto market, grabbing headlines and sparking conversations across social media. Between February 20 and 26, the token’s price surged by 2,692%, peaking at $2.98—a massive 2,856% jump from its launch price.

However, the rally was short-lived. As soon as PI hit its ATH, a reversal began. Since then, the token has dropped by at least 40.82%. In the last 24 hours alone, PI slipped another 6.9%, showing clear selling pressure in the market. The token is currently trading at $1.67.