The crypto market dipped once again over the past several hours but pi network’s native token took this minor correction way worse with a fresh dump to a new all-time low. Nearly 130 million coins are scheduled to be unlocked in the following months which could further worsen pi’s state.
Low After Low 💀
It’s almost impossible to imagine now but pi traded at $0.30 in march after its major listing on kraken. The subsequent rejection though pushed it south to $0.20 where it managed to stand there for a while. Although that key support was breached briefly the token challenged it in late april only to be halted again. The following few months have brought nothing but pain for the pi token holders. As the chart below will clearly demonstrate the asset has been on a violent free-fall that has taken it to several consecutive all-time lows. The latest arrived earlier today when pi decisively lost the $0.10 support and even the $0.09 floor. Another double-digit price dump pushed it south to $0.086 which became its new all-time low. Pi is down by over 22% weekly and a whopping 97.1% since its all-time high in february 2025.
What’s even more worrisome for investors is the fact that over 127 million coins are set to be unlocked in the next 30 days according to data from piscan. Such large token releases could increase the immediate selling pressure from investors who had been waiting for their coins for a long time. This is particularly true in bear markets when the distress is higher than usual.
Can New Updates and Products Help? 🔮
Although the recent price picture looks more than grim the team behind the project has not stood still. They continue to outline new products significant protocol updates and celebrate the major milestones. The latest was the pi2day (june 28) when the core team unveiled three major infrastructure products aimed at expanding the ecosystem beyond its existing user base. Namely those were solohost a framework for locally hosting ai apps and distributed computing pi sign-in which enables third-party websites and apps to authenticate users through pi accounts and piverify a kyc and identity verification service for external businesses. Despite the significance of some of those products the timing remains a challenge. Such infrastructure improvements require months or even years to translate into measurable network activity and token demand. For now the actual benefits are missing and the protocol’s native token continues to dig new lows. 🖤 📉 🪙 🌑 ✨ 🕸️ 💧
Just another echo from the void by iconofsin.eth 💖
