- Pi Network has lost 88% of its value since hitting an all-time high of $2.98 earlier this year, collapsing to just $0.3480 in August 2025.
Pi Network has shed almost 90% of its value since touching $2.98 earlier this year. It now trades around $0.35. That plunge exposes a reality investors sometimes forget: a massive user base doesn’t automatically create a functioning cryptocurrency.
The fall is a sharp reminder of how quickly hype can vanish in digital assets. For months, Pi was presented as the “people’s coin,” a network backed by tens of millions of users. Today, the numbers on the screen tell a different story.
After peaking at $2.98 in early 2025, the token has since fallen to $0.35, erasing 88% of its value in a matter of months. On paper, a 60 million strong user base should provide strength. In practice, it has only magnified the frustration of holders who cannot convert participation into meaningful returns.
What Is Driving Pi’s Price Down?
Technically, the market has been brutal. Over the past week alone, Pi slipped another 11% while the broader crypto market dropped only 3%. The Relative Strength Index lingers near oversold, and MACD keeps flashing bearish signals. Traders watching support at $0.33 have seen it tested again and again, each bounce weaker than the last. Confidence is fading.
Fundamentals are no stronger. Governance remains centralized, with the Pi Core Team controlling validator nodes. Millions of users are still unable to access tokens because of a slow and opaque KYC process. Ecosystem growth has underwhelmed. Merchant adoption, touted as a breakthrough, has stagnated, with fewer than 60,000 active sellers on the Map of Pi app. For a network of 60 million, those numbers fall short.
Liquidity constraints deepen the problem. Pi’s listings are limited, and its history of extreme volatility, including a 2,900% rally followed by an 80% collapse earlier this year, undermines its credibility as a medium of exchange. For many, holdings remain digital balances with little practical use.
Pi Network Technical Analysis
- Current price: $0.3572
- Pivot level: $0.36
- Immediate resistance: $0.45, then $0.65
- Support: $0.33, then $0.27
Pi trades just above support. If $0.33 fails, analysts point to $0.27 as the next likely target. On the upside, resistance is miles away. The $0.45 and $0.65 levels won’t come back into play without something dramatic, a catalyst big enough to shift the entire conversation. Right now, that catalyst is missing.
Pi Price Outlook: Is There Any Upside Left?
The honest answer: it’s difficult. Without decentralization, deeper liquidity, or real-world use cases, Pi is unlikely to break free from this pressure. The project’s only remaining asset is its sheer community size, and even that advantage feels blunted if most users can’t deploy their tokens in meaningful ways.
So where does that leave investors? For now, Pi looks less like an emerging growth story and more like a warning. It shows what happens when a project leans too heavily on virality and not enough on fundamentals. Until those foundations change, the token is set to remain on shaky ground.
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