Pi Coin Teeters on Edge: Insider Moves Spark Fears of 98% Collapse

Whispers of a death spiral grow louder as Pi—the mobile-mined crypto darling—faces a brutal $0.40 price target.

Behind the curtain: Suspicious wallet activity suggests early backers are jumping ship before the crash. Classic ’reverse diamond hands’ in action.

Bonus jab: Another day, another ’next Bitcoin’ proving Wall Street’s favorite rule—if it’s free to mine, it’s probably worthless.

TLDR

• Pi Coin price has dropped to $0.6800, marking its lowest level since May 17.
• Analysts expect the price to fall further and hit $0.400 by August.
• Transparency issues and insider token sales are driving negative sentiment.
• The Pi Foundation controls over 90 billion tokens across more than 2,000 wallets.
• The exchange supply of Pi tokens has increased by over 3 million in just 24 hours.

Pi Coin price has dropped to its lowest level since May 17, raising new concerns over its future direction. It trades at $0.6800 after falling over 60% from its monthly peak of $1.6600 earlier in May. The recent downtrend follows analyst warnings about centralization, insider sales, and lack of communication from the Pi Core Team.

The rapid decline in Pi Coin price has caught market attention as signs of weakening demand continue to surface. Analysts expect the token to face further downside, potentially reaching $0.400 by August. This target marks a 40% drop from the current level, with supply pressure and failed expectations contributing to bearish sentiment.

Although the PI Network generated interest in earlier months, the absence of promised exchange listings has caused a sharp reversal. Several market watchers anticipated major developments from Binance, Coinbase, or Upbit. However, the launch of Pi Network Ventures did not deliver the momentum the community expected.

Pi Coin Faces Risks From Centralized Control

Market sentiment turned negative after warnings by Dr. Altcoin, a popular analyst with over 46,000 followers on X. He raised serious concerns about the Pi CORE Team’s lack of transparency regarding internal token activities. His criticism reflects a shift from supporter to critic due to unmet expectations and increasing centralization.

The price of Pi will likely continue to decline until the end of August, after which it may slowly start to recover. I previously predicted it could drop to $0.40—unless the Pi Core Team becomes transparent. No investor wants to put money into something where the founders refuse… pic.twitter.com/KEvAwOyhX9

— Dr Altcoin (@Dr_Picoin) May 28, 2025

The Pi Foundation controls over 90 billion tokens stored across more than 2,000 wallets, creating centralized control over the supply. This structure poses significant risks and has reportedly slowed down listing approvals from major exchanges. Market participants remain skeptical, especially without regular updates or third-party audits from the team.

Concerns also surround insider token movements, as evidence points to increasing sales amid silence from leadership. While users continue waiting for meaningful engagement, the rising supply on exchanges further pressures the Pi Coin price. Analysts believe this environment will prevent a sustainable recovery unless transparency improves significantly.

Selling Pressure Grows as Pi Supply Rises

The Pi Coin price also faces technical and supply-based pressure as more tokens enter circulation monthly. In June alone, 272 million Pi tokens are expected to be unlocked, contributing to short-term selling risks. Over the next year, more than 1.5 billion tokens could hit the market, pushing prices even lower.

Exchange data shows a rise in available Pi tokens, with over 3 million added within 24 hours. This trend indicates ongoing distribution rather than accumulation, weakening short-term support. Meanwhile, demand has not kept pace, which increases the imbalance between supply and market absorption.

The token’s chart pattern confirms a clear break below the 50-period moving average, reinforcing a bearish outlook. Price has tested the $0.6606 support from May 17, and any close below that may trigger another drop. However, a breakout above $0.8680 could signal temporary relief if buying volume returns.

Technical Weakness Reinforces Bearish Forecast

The technical setup on the eight-hour chart points to further downside, with momentum now favoring sellers. The Pi Coin price remains trapped below key resistance and shows limited signs of recovery without strong catalysts. As expectations around listings and development updates fade, negative sentiment is dominating short-term price action.

While Pi Coin surged 310% earlier in May, the rally was short-lived due to unmet expectations around exchange support. Without substantial improvement in transparency and token management, analysts expect continued downside in the coming months. The focus remains on whether support at $0.6606 holds or gives way to deeper losses.

A drop below that key level could push the Pi Coin price toward its lowest point ever, now estimated at $0.400. This WOULD mark a significant reset in market valuation and test the network’s community engagement.