The value of PI, the core digital currency of the Pi Network, has sunk to a new low of $0.32, intensifying concerns surrounding the once-promising initiative. Following a prolonged period of minimal progress and limited availability on major crypto exchanges, the price experienced a brief recovery to $0.36, but remains perilously close to its recently established low point.
Pi Network’s PI Token Plummets to $0.32 Amid Market Sell-Off and Increasing Supply
The PI token’s descent below the $0.40 mark – a historically significant level of support – has raised anxieties about a more extensive price decline. From a technical perspective, analysts are now considering $0.26 as a potential target, unless there’s a significant increase in buying activity.
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
This sharp decrease is occurring concurrently with a substantial influx of newly available PI tokens entering the market. It’s estimated that approximately 160 million PI tokens – valued at around $68 million – are slated for release in August alone, significantly intensifying the pressure to sell.
At the same time, blockchain data shows a concerning trend: the number of daily active users has been steadily decreasing. Many early participants have lost interest, feeling disappointed by the slow progress following the mainnet launch and a perceived lack of substantial updates to the project. Reduced user engagement diminishes the token’s community support, making it more susceptible to further price declines.
Allegations of Insider Token Dumping Trigger Community Backlash
The situation became even more strained in May, when crypto investigator Atlas claimed a massive $8 billion “insider dump” occurred. According to Atlas, wallets associated with the Pi Core Team allegedly sold off more than 12 million PI tokens when the price was at its peak – just before a significant 56%+ drop in PI value.
This purported dumping activity, timed precisely to coincide with the market downturn, has triggered significant outrage within the Pi Network community. It is reported that the trails of only seven of the wallets linked to the Core Team were found while more than 10,000 are suspected to be in their direct control. Atlas rejected the Core Team’s explanation attributing the token movements to a process from a test network to the main blockchain citing a deficiency in details.
Around the same time as the reported dumping action, more than 5.7 million PI tokens were freed to be traded on established cryptocurrency trading sites. Now, the token numbers on these platforms have hit their largest numbers with 397 million PI in total giving reason for worry that there will be even more selling happening on the market.
PI Network Fails to Attract Major Exchange Listings as Market Confidence Dwindles
In comparison to similar digital currencies that have been positively affected by recent market changes, PI has been unable to do so. Due to uncertainty around its means of issuing tokens as well as compliance standards, it hasn’t been listed on primary centralized cryptocurrency exchanges like Binance or Coinbase. Trading is typically done on peer to peer locations that give little market data and insight.
The immediate prediction seems negative because balances on major trading locations keep rising; this usually means traders are trying to sell their tokens.
Further reading: Binance Considers Pi Network Listing: A Community Vote
Large Investor Purchases Offer Potential Hope During Market Uncertainty
In opposition to market feeling, a big PI investor with the online identity GAS…ODM has been progressively building up an important market position. Various crypto-news agencies have written that this investor has obtained up to 331 million PI coins equaling in value close to $148 million throughout the last three months. Purchases happened even though the value had gone down more than 70% from its strongest point.
Activity from this investor reveals they are frequently withdrawing from known exchanges which include OKX, MEXC and Gate.io this showing they may have plans for extensive purchases than for quicker exchanges. Although the identity is not yet known, people suspect the purchaser may have to do with preparations for exchange listings or as part of plans to combat market instability caused by recent coin distributions.
Yet, there exist warnings that this may be an additional attempt to buy, before exiting again.
Pi Network’s Development Plans and Predictions Moving Forward
The team is still implementing its intended goals even with the present situation, especially as PI network has had market issues. Included in the team’s plans is allowing customers to purchase PI from the US using their Apple Pay via the PI digital wallet. The project is also incentivizing users to safeguard their tokens in locked digital areas to reduce the supply and help stabilize values.
The fact that the coin is not yet listed on big exchanges such as Binance or Coinbase is slowing it down with the currency still typically traded on more minor exchanges that give lower volume and trading data. Also, inquiries surrounding legal and security policies associated with the digital coin’s existence causes obstacles for more wide-scale usage as well as value restoration.
The path ahead for Pi Network remains ambiguous. The token needs to conquer market difficulties, regain users’ belief, and obtain listings with top-tier trading exchanges to gain the required market activity for its success. For now, the project presents an anomaly of a popular user base with a developing system matched with a low priced coin.