Pi Coin Crashes 27%—Bargain Hunt or Dead Cat Bounce?

Pi Network’s token nosedives as mainnet hype fades—retail traders left holding bags while ’hodl’ memes backfire spectacularly.

Subheader: The Anatomy of a 27% Plunge

Pi’s freefall mirrors classic crypto pump-and-dump patterns: viral marketing peaks, liquidity evaporates, and Telegram admins suddenly go radio silent. This time? The ’free mining’ crowd learned the hard way that blockchain rewards aren’t actually free.

Subheader: Dip Buyers Beware

Exchanges reporting Pi trading volumes look suspiciously like wash trading ballet—perfectly coordinated buy/sell walls that’d make a central bank blush. Meanwhile, the core team’s ’ecosystem development’ updates read like a Mad Libs of Web3 buzzwords.

Closing Thought: Nothing rallies bagholders like a double-digit drop—after all, what’s another 27% when you’re already down 93% from the imaginary ATH your Discord mod promised?

Cryptocurrency Market Slumps Amid Liquidations

The cryptocurrency market has seen $609.74 million worth of liquidations in the last 24 hours. Bitcoin (BTC) was set to face $1.45 billion in long liquidations if the asset fell to $102,700. Pi Coin’s recent dip is likely due to BTC’s dip to the $102,000 levels.

$1.45 billion in long positions will be liquidated if #Bitcoin $BTC drops to $102,700! pic.twitter.com/ZHOSm03C2V

The market may see an upswing over the coming weeks. The SEC’s roundtable meeting may boost investor sentiment in the coming weeks. The Federal Reserve may cut interest rates after its next meeting. A rate cut could lead to a rise in risky investments. PI and other crypto assets could see a surge in inflows if the Fed cuts interest rates.

Should You Buy Pi Coin In The Current Market Dip?

PI has seen an incredible rise in price and popularity in 2025. The asset hit an all-time high of $2.99 in February while the larger market was facing a correction.

According to CoinCodex, Pi may rally over the coming weeks. The platform anticipates the asset to trade at $5.46 on June 20 of this year. PI’s price will rally by 391.89% if it hits the $5.46 target.

There is also a possibility that PI will continue to face a correction. The asset’s price moves with a lot of speculation. The possibility of a correction should not be ignored.