Pi Network Token Drops 10% as Bearish Sentiment Dominates Crypto Markets
Pi Network's native token (PI) has dropped approximately 10% over two trading sessions, settling NEAR $0.44 by July 25, 2025. The decline places PI just 9% above its all-time low of $0.40, with technical indicators showing weakened buyer interest after breaking below the $0.45 support level.
Market sentiment has turned sharply negative, contrasting with last week's minor rally. The broader crypto market downturn and heavy selling pressure have worsened PI's decline. Trading volume fell 38% to $60.8 million, reflecting reduced investor enthusiasm.
On-chain data reveals significant outflows: 788,000 Pi left exchange wallets in 24 hours, while the Pi Foundation's address offloaded 7.96 million tokens. These movements suggest the network may be entering a distribution phase, with weighted sentiment scores (-0.558) confirming widespread bearishness among traders.