Pi Network Plummets 36%: Is This a Buying Opportunity or a Dead Cat Bounce?

Pi Network''s token just got rocked by a 36% nosedive—leaving investors scrambling. With token unlocks looming, can this mobile-mined crypto claw its way back?

Blood in the water? The crash comes as Pi''s much-hyped "mainnet" transition faces mounting skepticism. When your whitepaper reads like a LinkedIn thought leadership post, maybe that''s a red flag.

Token unlock tsunami incoming. The project''s staggered release schedule means more supply pressure ahead—classic "buy the rumor, sell the news" setup. Pro tip: when VCs get their coins before retail, grab your wallet and run.

Recovery play or fool''s errand? Technicals show oversold conditions, but fundamentals scream "crypto Kabuki theater." Remember kids: in blockchain, the only thing decentralized is usually the accountability.

(That cynical finance jab you wanted? Here it is: At least Pi''s chart resembles something mathematically significant—unlike their tokenomics.)

Social media buzz is rising fast for Pi Network and is significantly getting attention again in the community, but given the pessimistic situation it is in. The polarity of discussions is negatively dominated, signifying strong bearish opinions being expressed.

This is due to PI Network’s price took a massive hit today, crashing 36% to reach an all-time low of $0.40. 

This happened because of a combination of factors, the crypto sector turned red in the past three days, with Donald Trump’s unilateral tariffs threat, Israel’s latest strike on Iran – heightening israel – iran conflict, and delays in the Pi mapping migration in Chinese-speaking regions, which could have contributed to the sharp drop.

In addition to macro tensions and technical weaknesses, concerns about tokenomics are also growing. The daily unlocks of the PI token can influence its price. 

According to PiScan, over 340 million PI tokens will be released next month. Notably, June 18, June 26, July 5, and July 7 will see the largest unlocks.

These developments may increase selling pressure. Some investors, who have waited years for their tokens, might choose to take profits.

Weighted Sentiment Plunged: Strong Negative Hint For PI Network Price Action

If we go back to last month, we remember that the Pi Network Core Team hinted at a major announcement in early May. This led to a rapid price surge, pushing Pi Price from $0.6 to nearly $1.7 in just days.

A Pi ecosystem announcement will be released on May 14. Tune in to find out what''s coming next! pic.twitter.com/5jn7m5mlmD

However, the asset quickly lost momentum, dropping back to just over $0.6 even before the announcement was made. This decline followed the launch of a new initiative focused on investing in Pi Network-native projects.

Since th decline, the overall market sentiment for Pi Network has been notably negative this past 30-days. 

The weighted sentiment indicates a drop in confidence among Pi holders, contributing to the ongoing downtrend. 

This lack of investor Optimism may significantly impact Pi Network’s price as it is already too low and is in serious need of nearby support, which, for now, it is facing difficulty finding.

PI Price Hits April’s Lows Again

As of now, the Pi Network price is at $0.56, reflecting a 13% drop today. While this decline is significant, the intra-day low of $0.39 raises the most concern. This drop marks a 36% fall, reaching the lowest point in the altcoin’s history.

The $0.39 all-time low was recorded in April. Although there has been some recovery, this sharp decline has caused panic among investors. 

However, if investors choose to take advantage of the situation, it could be an opportunity to buy Pi at a discount. This may lead to a price rebound. 

According to the Fibonacci tool, the PI price is NEAR the “0.0%” level. If it rebounds, the next target could be the “23.6%” level at $1.052, but it must first break the $0.73 level in the short term.

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