Pi Network Token Crashes 90% From Peak, Faces Mounting Challenges

Pi Network's native token has plunged to a record low of $0.2552, marking a 90.02% decline from its February 2025 all-time high of $2.99. Despite rolling out new features, the project has failed to maintain momentum, leading to eroding investor confidence as trading volume shrinks to $94 million.

Social media backlash grows with holders anticipating further downside—some predicting a drop to $0.05. The token's brief rally earlier this year proved unsustainable after external exchange listings triggered an 80% value erosion by September 2025.

While the price currently hovers at $0.2953 (a 16% recovery from the bottom), the network faces critical challenges with upcoming token unlocks potentially increasing selling pressure. Market cap stands at $2.417 billion amid these bearish conditions.