Shocking PI Coin Decline: What Went Wrong for This Coin?
PI’s price soared from less than $2 to $3 after being launched, setting a new record on February 26. It has been nothing short of a stunning collapse ever since. In actuality, the project began about seven years ago and continued to be developed until February 20, 2025. Despite numerous setbacks and contentious actions, its community expanded significantly over this very long time span.
After plunging an additional 6.92% during the previous day, it hit a new all-time low of $51.05 just hours ago. The entire cryptocurrency market has undoubtedly suffered in the 36 hours following Trump’s most recent tariffs, but very few major or mid-cap alts have seen such sharp drops. But in reality, out of the top 100 alts, PI is the largest loss.
Pi Network Crisis: Former Supporter Calls It a ‘Slow Rug’!
The new all-time low occurred just one day after a former supporter of the Pi Network made a complete 180-degree turn and referred to it as a “slow rug.” In this regard, there are a lot of analysts and pundits on X who are attempting to understand the current state of the Pi Network ecosystem and the pricing of PI. Since most large exchanges, including Binance, appear hesitant to list PI, at least until the Pi Core Team (PCT) is completely forthcoming about its tokenomics, Dr. Altcoin was similarly doubtful about the long-term prospects of PI.
At such a low price, the Pi community will struggle to utilize DApps within the Pi Ecosystem. If this continues for months, most Pi holders will sell off their coins and shift to newer crypto projects.
Dr Altcoin
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