In a shocking twist, Pi Network's Pi token has nosedived below $0.70, inching dangerously close to its all-time low of $0.6152. The once-promising token has now lost a staggering 77% of its value since its February high of $2.98, leaving investors rattled and questioning the future of their holdings.
This brutal drop comes despite a booming crypto market, with Bitcoin smashing past $85,000 and Ethereum holding firm above $1,850. While most major cryptocurrencies ride the wave of bullish momentum, Pi seems to be sinking under its own weight.
PiFest 2025: A Record-Breaking Event That Couldn’t Save Pi’s Price
The plunge comes hot on the heels of PiFest 2025, Pi Network’s ambitious global commerce event that saw a jaw-dropping 125,000 sellers and 58,000 active merchants transacting with Pi. From cozy cafés and trendy boutiques to auto shops and freelancers, 1.8 million Pioneers engaged in real-world Pi transactions—yet the token’s value continued to plummet.
The disconnect has left investors scratching their heads: How can Pi showcase such widespread adoption yet still bleed value at an alarming rate?
Why Is Pi Coin Collapsing?
Analysts point to deep-seated concerns about Pi’s liquidity and real-world viability beyond its own ecosystem. While PiFest demonstrated practical usage, the market remains skeptical about whether Pi can truly establish itself outside its closed-loop economy.
Adding to investor anxiety is the lack of clarity from Pi Network’s leadership. Without concrete updates on financial sustainability, exchange listings, or a long-term roadmap, many traders are opting to cut their losses rather than bet on uncertain growth.
Is Pi Doomed or Primed for a Comeback?
Despite the grim numbers, Pi Network’s leadership insists that the token’s real-world adoption is a game-changer. Businesses worldwide are embracing Pi for transactions, and loyal supporters believe that once the network scales further, its value will follow.
But the big question remains: Will Pi rise from the ashes and prove doubters wrong, or is this the start of an irreversible decline? Only time will tell, but for now, Pi holders are watching anxiously as their once-hyped token flirts with collapse.