Pi Network Price Plunge: PI Token Faces Critical Support Test as Social Buzz Evaporates

Another 'revolutionary' crypto project hits the reality wall—social chatter vanishes and so does the price.

The Ghost Town Effect

PI's social metrics are bleeding out faster than a trader's margin account during a flash crash. Engagement rates have collapsed, search volume evaporated, and community chatter turned to whispers. When the hype dies, the price usually follows—basic crypto economics that somehow still surprises people.

Technical Breakdown

Support levels are cracking like cheap encryption. Each failed bounce creates another cohort of bag-holders wondering when their 'mainnet launch' savior will arrive. The charts show a classic pattern: diminishing volume, weakening momentum, and increasingly desperate 'buy the dip' calls from influencers who probably already sold.

Reality Check

Here's the cynical truth—when retail loses interest in a pre-mine token, the smart money already left months ago. The remaining 'fundamentals' talk usually means someone's trying to unload their position before you unload yours. Another day, another crypto learning the hard way that community enthusiasm can't be faked forever.

Image source: Getty Images.

Lululemon: a strong brand at a reset price

In 2025,(LULU 2.48%) has reminded investors that even elite retailers can hit a rough patch. Earlier this month, the company cut its full-year outlook following softer trends in the U.S. It now expects 2025 revenue to grow 2% to 4% and guided full-year earnings per share to $12.77 to $12.97. Shares, down sharply from late-2024 highs, recently traded in the mid-$170s, placing the stock at roughly 14 times the midpoint of that earnings outlook. Unlike some of 2025's high-flying growth stocks, this is a level that is far from being priced for perfection.

The investment case is simple: international remains a growth engine, the balance sheet is clean, and gross margin is still healthy for a retailer. Key risks include a prolonged U.S. slowdown and higher tariffs weighing on costs. But with expectations reset and valuation compressed, Lululemon looks like a reasonable way to add consumer exposure without paying peak multiples.

Old Dominion Freight Line: high quality, now at a lower valuation

(ODFL -1.31%) is arguably the best-run less-than-truckload carrier in the United States. But 2025 has not been easy. In the second quarter of 2025, revenue declined year over year amid soft industrial demand, and its operating ratio worsened to 74.6% from 71.9% a year ago.

Management is keeping its playbook intact (service quality, cost discipline, and network density) while waiting for freight demand to recover.

"Old Dominion's financial results in the second quarter reflect the ongoing softness in the domestic economy," said Old Dominion CEO Marty Freeman in the company's second-quarter earnings release. "While the challenging macroeconomic backdrop created demand headwinds for our business during the quarter, our market share remained relatively consistent and our team continued to execute on our long-term strategic plan."

Importantly, the stock's valuation has cooled. Recent prices imply a price-to-earnings ratio in the high 20's. But this multiple is on cyclically low earnings. Overall, the premium may be more than justified if volumes stabilize and pricing improves in 2026.

The risk, of course, is obvious: a longer industrial slowdown could keep revenue and margins under pressure. Even so, for investors who want a durable operator in U.S. freight and are willing to hold for the long haul, Old Dominion's reset looks like a good buying opportunity.

Why being choosy matters

One counterexample underscores today's valuation risk.(PLTR -0.83%), a software and AI platform provider, is executing exceptionally well -- second-quarter revenue rose about 48% year over year, and guidance calls for further acceleration. Yet the stock's valuation implies perfection. Based on a market capitalization of roughly $421 billion against trailing-12-month revenue NEAR $3.4 billion, Palantir trades at well over 100 times sales (about 124 to be exact). Great businesses can justify premiums, but this is a staggering one that could compress quickly if growth cools, competition rises, or federal contract timing slows.

With indices richly valued, investors shouldn't avoid stocks altogether. They should, instead, be more selective. One way to do this is to lean into high-quality companies whose shares have already absorbed bad news and now trade at more defensible valuations. Lululemon's reset and Old Dominion's premium-but-fair multiple fit that bill. By contrast, paying extreme prices for momentum favorites leaves little margin for error. In other words, heed the old advice to be cautious when others are greedy. But that doesn't stop you from continuing to invest by choosing carefully.