Pi Coin Plummets 20% in a Week: Top 100’s Worst Performer Faces Brutal Sell-Off

Pi Coin just got mauled by the crypto bears—bleeding out 20% of its value in seven brutal days. The 'mobile mining' darling now wears the crown for biggest losses among top 100 assets. Here's the damage report.

Blood in the water

Traders are dumping PI tokens faster than a hot Bitcoin ETF prospectus. The coin's 20% nosedive since last Wednesday makes it the standout loser in major crypto rankings—a dubious honor previously held by overleveraged DeFi gamblers.

No lifelines in sight

The sell-off comes as Pi Network's 'mainnet' remains in perpetual beta—because nothing builds investor confidence like years of 'coming soon' announcements. Meanwhile, actual blockchain projects are shipping real products (and returns).

Closing thought: Maybe next time try building utility before marketing hype? Just a radical thought for the 'next Bitcoin' wannabes.

Pi Coin Follows Cryptocurrency Market Losses

PI’s recent dip follows a market-wide correction. The correction came after the Federal Reserve announced its decision to keep interest rates unchanged. Market participants may have allocated their investments to other safe havens. PI is among the riskier assets in the market. With borrowing being difficult, investors may be staying away from crypto assets.

PI’s dip also comes amid global trade uncertainty. President Trump’s tariffs seem to have spooked investors away from risky assets. Along with the crypto market, the US stock market also faced a massive selloff last week.

Will The Asset Recover?

PI surged to an all-time high of $2.99 in late February of this year. While PI was climbing to its peak, the larger crypto market was facing a correction. The asset’s rally was likely due its open mainnet launch followed by a sudden rise in popularity. The rally, however, did not last very long. Since its February peak, PI’s price has fallen by 88.6%. The latest market correction added further fuel to the asset’s downward trajectory fire.

There is a high chance that the Federal Reserve will cut interest rates in September. The MOVE could lead to a rise in investor confidence. Market participants may begin to take more risks as borrowing becomes easier. However, macroeconomic factors, such as trade wars and economic uncertainty, may present barriers to the PI’s price.