Pi Network Plummets 32%: Is Mass Adoption Still on the Horizon?

Pi Network (PI) has experienced a sharp 32% price decline over the past two weeks, with an additional drop in the last 24 hours indicating ongoing bearish pressure. Despite this downturn, analysts maintain cautious optimism, viewing the project as still in its early stages with significant long-term potential.

The token’s volatility was underscored by its rapid ascent during the mainnet launch, where it briefly surged before crashing 81.92% from its all-time high (ATH) of $2.99 on February 26. Current trading levels reflect a substantial retreat from peak valuations.

Development activity continues steadily, suggesting the team is building despite market turbulence. The critical question remains whether Pi Network can shift from speculative trading to real-world utility—a necessary step for sustainable adoption.