TLDR

Pi Coin price has fallen by 12% to $0.81, extending weekly losses to 28%
Investors are concerned about Pi Network’s ability to recover above $1
Community members urge the Core Team to address delays in mainnet launch and Binance listing
About 8 million tokens transferred to exchanges in the past week, increasing sell pressure
Analysts suggest Pi could rebound from $0.71-$0.86 support zone if it stabilizes

Pi Network’s cryptocurrency, Pi Coin (PI), continues to face significant downward pressure as its price has fallen below the $1 mark. The token has dropped 12% to $0.81, extending its weekly losses to 28%. This decline comes amid delays in the mainnet launch, Binance listing, and growing concerns within the Pi community about the project’s direction.

The Pi Coin was trading at around $0.86 at the time of writing. This represents a stark contrast to its peak of nearly $3 in late February 2025. The token has now lost over 68% of its value from that high point.

Investor sentiment has waned as the price continues to drop. Many Pi holders are questioning whether the coin can recover to trade above the $1 level any time soon. Trading volumes have also decreased by over 30%, falling below $200 million.

One key factor behind the price decline is the large number of Pi tokens being unlocked and moved to exchanges. Nearly 8 million tokens have been transferred in the past week alone. This has created an oversupply in the market.

Pi Network Price on CoinGecko

The daily rate of token unlocks has slowed from 13 million to 3.8 million. This reduction might help ease some of the selling pressure. However, concerns remain as approximately 99.3 million more Pi tokens will enter circulation in the next 30 days.

Community members have expressed frustration with the Pi Network Core Team’s silence on critical updates. They want answers about delays in the mainnet launch and the Binance listing that many had hoped for after a supportive community poll ended on February 28.

Some users have alleged that the Core Team is moving away from its promise of full decentralization. They claim the project now seems to be courting large institutions instead. This shift has caused concern among early supporters who believed in the network’s original vision.

Despite these issues, some analysts remain optimistic about Pi’s future. Technical analysis suggests that if Pi can maintain support around the $0.71-$0.86 zone, it could potentially bounce back toward a $2 target. This would represent a significant recovery from current levels.

Critics vs. Partnerships

The network has announced a partnership with PiDaoSwap, a community-driven platform aimed at improving governance and transparency. This move could help rebuild confidence in the project’s long-term vision.

Pi Network has faced criticism from prominent figures in the crypto industry. Bybit CEO Ben Zhou and Cyber Capital Founder Justin Bons have both publicly called Pi Network a “scam.” Bons specifically criticized the project for being “extremely centralized” while claiming to be decentralized.

Bons also pointed to the project’s five-year delay in delivering its mainnet and accused it of using multi-level marketing tactics through its referral programs. He claimed the core technology was “simply copied from Stellar.”

To address the current price issues, some analysts have suggested that the Pi Network team should burn between 60-100 million tokens. This reduction in supply could help stabilize the price and reduce volatility.

Looking forward, Pi Network’s price performance will likely depend on how the team addresses these concerns. Increased transparency, progress on decentralization, and successful management of token unlocks will be key factors.

If Pi can expand its exchange listings to major platforms like Binance, this could increase liquidity and demand. Some optimistic projections suggest the token could eventually reach $10 if the project achieves its vision of becoming a stablecoin for peer-to-peer transactions.

However, investors should remain cautious and monitor market activity closely. Cryptocurrency investments carry inherent risks, and Pi Network’s current challenges highlight the volatility of this market sector.

Pi Network faces a critical period as it works to stabilize its price and address community concerns while dealing with the ongoing token unlock process.

The post Pi Network (PI) Price: Token Falls Below $1 as Weekly Losses Reach 28% appeared first on Blockonomi.

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Filed under: Bitcoin - @ March 26, 2025 9:27 am