While the broader crypto market celebrates new highs, Pi Network Coin is charting a very different course.
Over the past 24 hours, PI has dropped nearly 6%, sinking to around $0.462—just cents above its historical bottom near $0.40.
Even with Bitcoin soaring past $118,000 and Ethereum holding above $3,000, Pi continues to underperform, down more than 29% in the past two weeks. Not even the recent Pi2Day event managed to revive sentiment among holders.
A major factor behind the decline is this month’s large token unlock. Between July 8 and 15, over 100 million PI tokens—roughly 1.5% of total supply—will be released. On a single day alone, 10 million tokens are set to enter circulation. This influx has added selling pressure, as early holders cash out.
Technicals offer little relief. Pi Coin remains trapped in a downward trend channel with weak volume and a bearish RSI near 39.8, indicating the asset is oversold but lacking momentum.
Unless a major catalyst emerges—such as a new exchange listing or sudden spike in demand—the price may continue sliding toward $0.40 or even lower.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
