When you look at top gainers today, you see PI Coin among them. The price pumped 8% in the past 24 hours. But this is 8% from an all-time low. Pi Network has fallen to a new all-time low of $
When you look at top gainers today, you see PI Coin among them. The price pumped 8% in the past 24 hours. But this is 8% from an all-time low.
Pi Network has fallen to a new all-time low of $0.071. The token is now down 97.6% from its all-time high of $2.98, making it one of the steepest post-launch collapses in crypto history.
The 8% bounce is a drop in the ocean. PI remains over 25% down weekly, and the broader trend is still aggressively bearish.
The 4-hour PI/USDT chart shows one of the ugliest price actions in crypto right now.
The 200-day moving average at $0.165 is more than double the current price. That is a massive gap. PI has not traded above its 200-day MA in months, confirming a strong bearish trend.
The broader downtrend is visible from the March 2026 highs near $0.60. Since then, the price has been making lower highs and lower lows. The current bounce is barely visible on the weekly timeframe.
Source: TradingViewKey levels:
RSI is at 36.55 – approaching oversold but not yet there. That means there could still be more downside before any sustainable bounce.
This is a bear market, yes. But this is too much. Even in the worst crypto winters, few assets lose 97% of their value in 18 months.
Analyst Zippy summarized what is going on with Pi Network:
“Pi Network has fallen to a new all-time low of $0.071. PI is now down 97.6% from its all-time high of $2.98, making it one of the steepest post-launch collapses in crypto.”
The core issue is supply. Around 103 million PI are unlocking every month which creates relentless sell pressure. In the coming weeks, over 127 million PI tokens are scheduled to enter circulation. Roughly 1.21 billion PI are expected to unlock during 2026, releasing at a pace of around 6.5 million coins a day.
Source: X/@zippy257“The collapse was largely foreseeable. A significant share of the token supply remained under the founders’ control, while the project’s mainnet lacked transparency. Combined with continuous token unlocks, the growing supply has consistently outpaced demand.”
The key question now is: Can demand ever catch up with the expanding supply?
One Pi Network community member shared an optimistic take:
“Yesterday, a mysterious buyer purchased 6.08 million Pi coins in a single transaction from the OKX exchange and transferred them to a private wallet. While some in the market are panic-selling at a loss, ‘whales’ and major holders are quietly accumulating large positions at these low prices.”
This is not an isolated event. A whale wallet reportedly holding more than 400 million Pi has been actively accumulating despite ongoing selling pressure from daily token unlocks. Just 21 wallets hold over 10 million PI each.
“Once full decentralization of nodes and complete open-sourcing are implemented—combined with the momentum of a bull market—the price could return to historical highs within just a month or two.”
This is a bold claim. But it rests on “if” – if the Core Team delivers on decentralization, if a bull market returns, if demand materializes. Those are big ifs.
The honest answer is: nobody knows.
The project has a massive community. Pi Network spent years building one of the largest communities in crypto [3†L39-L40]. The Node 0.6.0 upgrade introduced major infrastructure improvements, including the Mainnet RPC server and new ecosystem services.
Pi Network is transitioning from mobile mining to a utility-focused ecosystem, introducing AI tools and backend storage for decentralized apps. Three new products (PiVerify, SoloHost, and Pi Sign-in) were launched on Pi2Day.
The bullish case: The community is large and loyal. Whale accumulation suggests some believe in the long-term value. If the Core Team delivers on decentralization, if the unlock pressure eases, and if a bull market returns, PI could recover.
The bearish case: The tokenomics are broken. Supply is massive and growing. Demand is nowhere near enough to absorb it. The project’s mainnet still lacks transparency. Developer activity is not translating into price support [2†L38-L40]. And the disconnect between project development and market sentiment is widening.
The reality: Pi Network could eventually deliver on its promises. But the token price is a function of supply and demand. With over 1.2 billion tokens unlocking this year the supply is overwhelming. Unless demand skyrockets, the price will remain under pressure.
For now, Pi Network is not dead. But it is on life support. The 8% pump from an all-time low is a dead cat bounce in a market that has already priced in the worst-case scenario.
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The post Is Pi Network Dead? Pi Coin Price Pumps 11% From All-Time Low appeared first on CaptainAltcoin.
