PI Network’s Native Token Plunges to Record Low

TL;DR

• PI Network’s native token price falls to a record low of $0.5
• Decline comes after a former proponent alleges the project is a slow rug pull

.PI’s Latest Plunge

The first month and a half after PI’s official launch and ability to be traded have been marked by a typical ‘sell-the-news’ event in the cryptocurrency industry, amid massive hype. PI’s community grew substantially over the past seven years, despite numerous delays and controversial moves.

After PI went live, its price shot up from under $2 to $3, marking a new all-time high. However, since then, it has been on a spectacular downward trajectory. At press time, PI trades at $0.55, which is 81.5% lower than its record.

Hours ago, PI charted a new all-time low of $0.54 (according to data from CoinGecko) after dumping by another 16-7% in the past day. The entire crypto market has struggled in the last 36 hours after Trump’s latest tariffs, but very few large or mid-cap alts have produced such massive declines.

PI is the biggest loser from the top 100 alts, with a decline of 81.5% from its record high. The next closest alt is SUI, which has dropped by 10%, while all other large and mid-cap alts have seen single-digit drops, even meme coins.

PI has fallen out of the top 30 alts by market cap. Recall that the asset was close to the top 10 just over a month ago.

Further Troubles Ahead?

The new all-time low comes just a day after a former PI proponent did an 180 and called Pi Network a “slow rug.” Crypto X is full with analysts and commentators trying to make sense of what is happening with PI’s price and in the overall Pi Network ecosystem.

Dr Altcoin was skeptical about PI’s long-term potential, citing the reluctance of major exchanges to list the token, at least until the ‘Pi Core Team (PCT) becomes fully transparent about its tokenomics.’

“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 added.

The only move ahead, the X user concluded, is to ‘burn billions of Pi coins from its Pi Foundation wallets. This is the only way to push the price above $10 and sustain the network’s long-term value.’

Conclusion

PI Network’s native token has plunged to a record low, with few signs of recovery. The project’s community has grown, but the token’s price has fallen significantly, raising concerns about the project’s long-term viability.

**FAQs**

**Q: What is Pi Network’s native token price?**
A: Pi Network’s native token price has fallen to a record low of $0.5.

**Q: Why has the price fallen so sharply?**
A: The price has fallen due to a combination of factors, including a ‘sell-the-news’ event, concerns about the project’s long-term viability, and the reluctance of major exchanges to list the token.

**Q: What is the future outlook for PI Network?**
A: The future outlook for PI Network is uncertain, with some analysts predicting that the project will struggle to recover from its current price decline.

**Q: Is there any hope for PI Network?**
A: Some analysts believe that burning billions of Pi coins from the Pi Foundation wallets could help push the price above $10 and sustain the network’s long-term value.