Pi Coin Defies Gravity: Why It’s Holding Near Historic Lows While Others Soar
While Bitcoin flirts with new highs and altcoins surge, Pi Coin remains anchored near its all-time lows—defying every bullish signal in the crypto universe.
The Great Pi Paradox
Mainnet launch hype fizzled faster than a meme coin pump. Trading volumes evaporated. Community enthusiasm waned. Yet Pi's price refuses to crash further—creating the most perplexing stability in an otherwise volatile market.
Speculation vs Substance
Some call it diamond-handed believers propping up the floor. Others whisper about coordinated holding patterns among early miners. Either way, Pi's creating its own economic reality—one where traditional market forces take a backseat to community psychology.
The Waiting Game
Exchanges aren't rushing to list it. Institutional money stays clear. Retail traders chase quicker gains elsewhere. Pi exists in crypto purgatory—too big to ignore but too uncertain to embrace. Classic case of 'wait and see' becoming 'wait and... keep waiting.'
Meanwhile, traditional finance keeps inventing new ways to lose money faster—at least Pi holders aren't paying management fees for their disappointment.
Pi coin price suffers from low liquidity
Despite a large number of holders, the token has failed to secure listings on major exchange platforms like Binance or Coinbase. Instead, it trades in small and illiquid markets, which leads to low volumes and makes price discovery harder.
Notably, on September 18, its volume was just $30 million, despite a $2.94 billion market cap, with a volume-to-market-cap ratio of just 1.06%. In comparison, this figure was 8.55% for ethereum and 8.7% for Solana.
Even if Pi could gain access to major exchanges, its utility remains in question. While the token boasts that it offers users the ability to “mine” crypto, in reality, users are earning rewards for engagement. These rewards are declining while also contributing to inflation. Unless Pi Network starts offering tangible use cases for its users, demand might grow even weaker.
