Pi Network Price Crisis: What’s Behind the 81% Plunge?
Pi Network Price Crisis – After a promising launch, Pi Network’s (PI) price has experienced a dramatic decline, showcasing a typical “sell-the-news” scenario in the cryptocurrency market. Following the official launch and ability to trade on February 20, 2025, Pi Network’s community, which had been growing for seven years, saw initial excitement. The token price quickly surged from below $2 to $3, marking a new all-time high on February 26, 2025.
However, this spike was short-lived, and Pi Network has since faced a steep price drop. As of press time, the PI price has plummeted to $0.55, representing an 81.5% decline from its peak. Just hours ago, the price hit a new all-time low of $0.54, marking a further 16-17% drop in the past 24 hours, according to CoinGecko. Despite the overall market struggle following recent tariff announcements by President Trump, PI has been the hardest hit, emerging as the biggest loser among the top 100 altcoins.
Pi Network’s Market Struggles and Falling Rank
Pi Network’s dramatic fall has pushed it out of the top 30 altcoins by market capitalization. Just over a month ago, PI was nearing the top 10 in rankings, making this recent decline all the more alarming. In comparison, other altcoins such as SUI have only experienced a 10% drop, and even highly volatile meme coins have shown smaller losses.
Concerns Over Pi Network’s Future
The token’s troubles have led to growing skepticism about its long-term prospects. A former proponent of Pi Network, Dr. Altcoin, expressed doubts about its future, citing Binance’s reluctance to list the token and concerns over the Pi Core Team’s transparency regarding its tokenomics. Dr. Altcoin suggested that Pi’s community would struggle to utilize decentralized applications (DApps) if the price remains low, potentially leading holders to shift their focus to newer projects.
Possible Solutions to Stabilize Pi Network’s Price
The solution, according to some analysts, might be for the Pi Foundation to burn billions of coins from its wallets, which could potentially drive the price above $10 and help stabilize the network’s long-term value. However, this remains to be seen as the market continues to react to the ongoing volatility.
As the Pi Network ecosystem continues to evolve, market watchers remain cautious, awaiting further developments.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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