Pi Network (#PI ) Price Plunges Over 14%: What’s Behind the Crash and What Comes Next?

Pi Network (PI) Sees Sharp 14% Drop in 24 Hours—Here’s What’s Driving the Decline and What Investors Should Expect

The price of #PiNetwork (PI) has dropped by more than 14% in the last 24 hours, reflecting growing concerns about the project's development pace, increasing sell pressure, and broader macroeconomic factors. Despite the significant dip, PI still holds a market capitalization of $2.72 billion, according to #CoinMarketCap .

Meanwhile, trading volume has surged to $159 million, effectively doubling overnight. This spike in volume is likely linked to heightened selling activity as many investors cashed out after initial hype surrounding the token's broader rollout faded.

Why Is PI Coin Crashing?

The decline in PI price appears to be the result of several converging issues. Let's break them down:

1. Global Market Uncertainty Due to Trump’s Tariff Policies

One of the key macroeconomic triggers appears to be linked to the global cryptocurrency market's broader downtrend. The market reacted negatively following the implementation of new U.S. #tariffs on August 1, championed by former President Donald Trump. These new trade policies introduced an air of uncertainty, impacting investor confidence across risk-on assets—including cryptocurrencies like PI.

As a result, the total crypto market cap saw a significant contraction, and PI was not immune to the ripple effect.

2. Transaction Failures on the Pi Network

In addition to broader market conditions, internal issues within the Pi Network ecosystem are playing a major role in the price downturn.

According to PiDoor, the network recorded 200,000 transactions in a single day, but a staggering 58% of them failed. That means only 122,000 were successful, while 88,300 failed—a worrying signal for both developers and investors alike.

Even more concerning, the overall number of transactions on the network has been declining steadily since July and shows signs of continuing this trend into August.