Pi Network Plunges 10%—What’s Spooking the Market in July 2025?

Another red day for Pi Network as its token takes a double-digit nosedive. Here’s why traders are hitting the panic button.

The bearish grip tightens

Market sentiment turns sour as Pi Network’s price action mirrors crypto winter flashbacks. A 10% haircut in 24 hours has holders questioning whether this is a dip to buy or the start of something uglier.

Liquidity ghosts haunt the project

With mainnet progress crawling slower than a Bitcoin block in 2010, skeptics are calling Pi a "mine-and-dump" experiment. The so-called "people’s crypto" is learning the hard way that community hype doesn’t pay the bills—liquidity does.

What’s next for Pi holders?

Unless the core team pulls a rabbit out of their roadmap, this could be the beginning of the great FUD avalanche. Remember folks: in crypto, even your phone’s mining app isn’t safe from the laws of supply and demand. *Cough* looking at you, FedCoin maximalists.

In recent Pi Network news, native token (PI) coin has shed roughly 10% over the last two trading sessions, trading around $0.44 by July 25, 2025.

This slide leaves PI just about 9% above its all-time low of $0.40. Technical analysis note the coin has broken below key support NEAR $0.45, a sign of weakening buyer interest.

In contrast to a recent mini-rally, today’s broad crypto market weakness and heavy supply flows have turned sentiment firmly negative.

Pi Network News: Market Decline Widens

Data from CoinMarketCap and exchange trackers show PI’s price at about $0.4410, down 2–3% on the day, with a 24-hour trading volume around $60 million.

Its market capitalization is roughly $3.4 billion, ranking it 35 among all cryptocurrencies. However, volume is fading: on-chain data provider Santiment reports a 38% slump in 24-hour volume to $60.8 million, indicating waning investor interest.

Besides, sentiment metrics have also turned bearish. PI Network’s coin’s “weighted sentiment score” of –0.558 for PI, signals a strong bearish mood among traders.

Meanwhile, PiScan on-chain data show net outflows from exchanges: about 788,000 PI left centralized wallets in the past 24 hours.

Even the Pi Foundation’s own address (“Pi Foundation 2”) sold nearly 7.96 million PI over the same period. These flows suggest the network is in a distribution phase.

A Mitrade analysis also pointed out that PI “edges lower by 2%” as of Thursday, and that rising exchange balances signal traders taking profits ahead of token unlocks.

Pi Coin Unlocks Intensified Selling

Token supply schedules are adding pressure. Starting from July 4, 304.7 million Pi Network tokens are due to unlock over 30 days, worth about $152 million. The single largest batch was on July 4.

Another substantial unlock (10.8M PI) is set for Monday, July 28 – the biggest one-day release in the coming month. In total, about 171.25M PI ($75.9M) will enter circulation in the next few weeks.

These unlocks often trigger sales. In the past 24 hours, PiScan shows net inflow of 704,237 PI into CEX wallets (meaning users depositing to trade/sell).

Gate.io alone holds over 194 million PI of the 401 million PI on exchanges. Such moves typically precede sell-offs, as traders rush to book gains before new supply hits the market.

One analyst noted the converging unlocks and outflows “signals a rise in selling pressure” on Pi.

Technical Indicators Signal Further Downside

Technical charts reinforce the bearish outlook. The 4-hour Relative Strength Index (RSI) recently fell below 50 (now around the high 30s), a clear bearish signal.

The MACD oscillator has dropped below its zero line with expanding red bars, indicating accelerating downward momentum. On the daily chart, PI closed under its critical support at $0.45.

The next floor is around $0.437 (July 24 low) and the historical low at $0.40. A decisive break under $0.437 could see tests of $0.420 (July 15 lows) or worse, the $0.40 all-time low.

Meanwhile, the bulls are on the back foot. To regain control, Pi Network’s price WOULD need to reclaim $0.45–$0.46 and show sustained volume.

If that happens, some models suggest a run toward $0.49–$0.51 could follow. For now, however, market breadth and Pi network’s on-chain flows suggest further downside is more likely.

The coming days will test whether the $0.43–$0.45 zone holds, or if sellers force PI into a new low.