Pi Network continues its free fall after falling below $1. The PI token recorded a notable 22% drop over the past seven days, settling at $0.61 on May 31. This correction fits into a broader trend marked by a global contraction in the crypto market

Such a fall reflects an intensification of bearish sentiment on the project. The native token of Pi Network plunged 22% over the past week and continued its downward trend to reach a seven-day low at $0.61.

This performance coincides with a loss of more than $170 billion in market capitalization across the entire crypto market in one week, reflecting a climate of widespread distrust.

Several factors increase selling pressure on the PI token, including:

A lack of recent positive catalysts around the Pi Network project;

A persistent absence of official listing on major exchange platforms, limiting liquidity and access for institutional investors;

A bearish macro context, with a fall of more than 5% in total crypto market capitalization in one week;

A visible loss of confidence among holders, reflected in intensifying sales in recent sessions.

In this climate of widespread withdrawal, Pi Network appears particularly vulnerable, lacking solid technical support or a fundamental lever to contain the erosion of its value.