Pi Network (PI) Plummets 70% in 60 Days: Can the ’People’s Crypto’ Recover?
Pi Network's token PI just got pi-slapped by reality—down 70% since May 2025. The 'mobile-mined' crypto darling now trades like a meme coin with an identity crisis.
What went wrong?
No mainnet launch, zero major exchange listings, and a community split between diamond-handed believers and exit-scamming opportunists. The project's 'stellar growth metrics' now look like a Ponzi scheme's PowerPoint slide.
Silver lining?
Core devs swear the delayed open network will launch Q3—right after Wall Street bankers finish shorting retail investors into oblivion. The remaining PI holders oscillate between cult-like devotion and Stockholm syndrome.
Bottom line: This either becomes crypto's greatest comeback story or a cautionary tale about vaporware valuations. Place your bets—the house always wins.
PI’s ‘Main Problem’
Pi Network’s PI remains one of the poorest performers in the crypto market. The token, which became tradable on certain exchanges in February this year, has seen its price collapse by approximately 70% since mid-May. Currently, PI is worth around $0.45, and according to some industry participants, the pullback might intensify in the short term.
X user Zoe believes the asset’s “main problem“ lies in its massive supply and the constant release of new tokens. More than 246 million coins are set to unlock over the next 30 days, with around 16.4 million Pi scheduled on July 10 alone. This influx gives investors the chance to finally offload their tokens, adding significant selling pressure and fueling the ongoing downward momentum.
Zoe thinks that one factor that might stop PI’s free fall is the potential introduction of a burning mechanism. Such a program takes tokens out of circulation by sending them to an inaccessible wallet. Fundamental principles of economics dictate that a reduced supply, combined with non-declining demand, should result in price appreciation.
Some people commenting on the post agreed with Zoe’s idea. Others claimed the lack of a burning mechanism isn’t the only problem PI has, outlining the need for better communication with the community and the implementation of a buy-back system.
Price Forecasts
The community seems split regarding PI’s next potential targets. Some, such as X user Crypto Cloud, are on the bearish side, suggesting that the asset’s recent performance has shown “the true meaning of rock bottom.”
$PI is slowly teaching me detachment, depression and the true meaning of rock bottom. Hope it doesn’t fall below $0.4.
Like, retweet and #Follow_me pic.twitter.com/efKQXqIsqS
— Crypto Cloud (@kizzyking020) July 6, 2025
Others, like MOON JEFF, stand in the opposite corner. The analyst, who touches upon the matter quite frequently, argued that those selling PI at its current levels may be “big losers.”
“All you have to do is wait for $5 and sell. When the altseason finally comes, the PI pumps will be crazy,“ he envisioned.
Meanwhile, the asset’s Relative Strength Index (RSI) has slipped to almost 30, which refers to oversold territory and is typically considered a bullish signal.
