PI Token Plummets 16% to an All-Time Low

TL;DR

• Pi Community’s native token can not catch a break as its worth has tumbled as soon as once more previously 24 hours to a document low of simply over $0.5.
• This newest decline got here after a former PI proponent alleged the mission to be a gradual rug pull, whereas others have questioned the crew’s viability.

PI’s Newest Plunge

The primary month and a half after PI’s official launch and talent to be traded are an ideal instance of a typical ‘sell-the-news’ occasion within the cryptocurrency trade amid large hype. Recall that the mission truly began roughly seven years in the past, and it was in growth till February 20, 2025. Inside this reasonably intensive time interval, its neighborhood grew considerably despite the fact that it noticed numerous delays and controversial strikes.

After PI went reside, its worth shot up from beneath $2 to $3 to mark a brand new all-time excessive. That was on February 26. Since then, it has been nothing wanting a spectacular downfall. At press time, PI trades at $0.55, which is 81.5% decrease than its document.

Hours in the past, it charted a brand new all-time low of $0.54 (based on knowledge from CoinGecko) after dumping by one other 16-7% previously day. Admittedly, the whole crypto market has struggled within the final 36 hours after Trump’s newest tariffs, however only a few giant or mid-cap alts have produced such large declines.

Truly, PI is the largest loser from the highest 100 alts. Subsequent in line is SUI with -10% and all others are with single-digit drops, even the ever-volatile meme cash.

PI has fallen out of the highest 30 alts by market cap. Recall that the asset was near the highest 10 simply over a month in the past.

Additional Troubles Forward?

The brand new all-time low comes only a day after a former PI proponent did an 180 and called Pi Community a “gradual rug.” Crypto X is full with analysts and commentators which might be attempting to make sense of what’s taking place with PI’s worth and within the total Pi Community ecosystem.

Dr Altcoin was skeptical about PI’s long-term potential since most main exchanges, equivalent to Binance, appear reluctant to listing it, a minimum of till the ‘Pi Core Crew (PCT) turns into totally clear about its tokenomics.’

‘At such a low worth, the Pi neighborhood will battle to make the most of DApps throughout the Pi Ecosystem. If this continues for months, most Pi holders will unload their cash and shift to newer crypto tasks.’ – Dr Altcoin added.

The one transfer forward, the X person concluded, is to ‘burn billions of Pi cash from its Pi Basis wallets. That is the one technique to push the worth above $10 and maintain the community’s long-term worth.’