Pi Network Struggles as Investor Confidence Declines Amid Token Flood

Pi Network, once a standout in the crypto space with its innovative grassroots approach, is now facing significant challenges. Recent exchange data shows a record 409 million Pi coins deposited on centralized platforms—indicating a rush to sell. This sell-off pressure comes as the network prepares to release an additional 166.5 million tokens over the next month, further saturating the market.

The project's native token has plummeted 36.4% in just two months, marking it as one of the worst-performing digital assets. Retail interest has sharply declined, with Google Trends data revealing that searches for 'Pi Network' now lag far behind generic 'altcoin' queries—a stark contrast to its previous popularity. Analysts warn that these trends mirror those of failing blockchain projects.