Steady Pi Token Decline Continues: Is This the Final Blow Before Total Collapse?

Steady Pi Token Decline Continues: Trade Volume and Price Hit Alarming Lows

Pi Network’s trade volume has decreased by more than 35% in the last day, to roughly $46.8 million, according to statistics from the crypto.news price tracker. Compared to the more than $800 million at the beginning of mainnet trade, this represents a substantial drop.

Pi is now trading at just $0.57, which is 80% less than its highest price of $2.99. Over the previous month, the token has decreased by 9.75%, continuing a slow trend that doesn’t seem to be coming to an end anytime soon. In a shorter period of time, it has dropped 2.24% in the past day and 3.3% in the last week.

231M Pi Tokens Set to Flood Market in May—More Pain Ahead?

Supply pressure is one of the main causes of the decrease. The network is expected to release 231 million new PI tokens in May and an additional 222 million in June, per statistics from PiScan. More than 1.4 billion tokens, valued at more than $850 million, will go into circulation over the course of the following year. This supply pressure may result in more price drops because of declining demand and fewer liquidity outlets.

Pi Network Struggles with KYC Delays as Tokenomics Worries Mount

In addition to tokenomics concerns, Pi Network also confronts structural and operational issues. With millions of users still waiting, know-your-customer verification delays continue to be a significant bottleneck. Verified users can now activate mainnet wallets without completing a full migration, which may reduce user annoyance, according to an update published on May 2.

Why Isn’t Pi Network Still Listed on Binance or Coinbase?

Regarding listing, PI is still not accessible on well-known exchanges such as Coinbase and Binance. Market trust has been damaged by setbacks like BitMart’s trading stop and HTX’s delisting, despite the fact that trading is open on OKX, Bitget, and MEXC.

On the other hand, the network’s progress presents a more optimistic picture. A complete SDK release is anticipated by June, which might increase real on-chain activity and make it easier to create third-party decentralized applications.

Pi Network Struggles Below $0.60 Amid Bearish Technical Signals

Technically speaking, PI is trading sideways with conflicting signals from momentum indicators, right below the $0.60 resistance. The market appears to be weak but not oversold, according to the relative strength index, which stands at 40.87.

PI has consistently been below all of the 10- to 50-day range’s major moving averages, suggesting that the general trend is still downward. The 20-day simple moving average at $0.62 serves as immediate resistance at the moment.

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