Pi Coin Plummets 90% Since February: Is the PI Hype Officially Dead?

Pi Coin's brutal 90% collapse since February leaves investors wondering if the project has run out of steam.

The Great Unwinding

Remember when everyone was mining Pi on their phones? That enthusiasm evaporated faster than a meme coin's liquidity. The 90% drop since February tells a story of fading momentum and skeptical markets.

Community Exodus or Temporary Dip?

Active users dropped sharply as the price cratered. The 'free mining' narrative lost its charm when people realized converting pretend coins to real money isn't that simple.

What's Next for Pi?

Mainnet launch promises haven't stopped the bleeding. The team keeps talking utility while traders keep seeing red candles. Another 'revolutionary project' learning that blockchain success requires more than just a slick app.

Market Realities Bite

Pi joins the long list of tokens that discovered hype alone can't defy gravity forever. The 90% haircut serves as a painful reminder that in crypto, even the most viral projects need substance to survive.

Just another case of 'number go down' technology outperforming Wall Street's finest hedge funds.

Has Pi Coin Lost the Hype After a 90% Price Crash?

While Pi Coin (PI) was rallying in late February, the larger crypto market was facing a correction. The divergent trend could mean that PI’s rally was not due to a bullish market. PI’s rally and popularity were tied to online buzz and speculation. The lack of hype is a major factor for PI losing substantial momentum over the last few months

According to CoinCodex, Pi Coin’s (PI) price will continue to dip over the coming weeks. The platform anticipates PI to trade at $0.265 on Dec. 21, 2025. Falling to $0.265 will lead to a correction of 10.17% from current levels.

There is a possibility that Pi Coin (PI) will rebound in October. October has usually been a bullish month for the cryptocurrency market. Bitcoin (BTC) could see a rebound over the coming weeks. A potential BTC rally could trigger a market-wide upswing. Moreover, the Federal Reserve is expected to roll out another 25 basis point interest rate cut next month. A rate cut could lead to another bullish phase for the cryptocurrency.

Despite the possibility of a bullish reversal in October, it is unclear if PI Coin (PI) will reclaim its lost momentum. The asset struggled even when the larger market was rallying.