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Cryptocurrency News Articles

Pi Network (PI Coin) Price Drops to $0.5663, Losing 77% of Its Value From All-Time High

Apr 04, 2025 at 02:44 am

Currently trading around $0.56, Pi Coin has lost over 77% of its value since reaching an all-time high of $2.98 in February 2025.

Pi Network (PI Coin) Price Drops to $0.5663, Losing 77% of Its Value From All-Time High

Pi Network (PI) price dropped by 15.34% in the past 24 hours to $0.5663 on Thursday, trading at $0.54 at press time. The token has lost over 77% since hitting an all-time high of $2.98 in February 2025.

This downturn has sparked concerns over the token’s ability to maintain key support levels, with analysts now questioning if a further drop toward $0.50 is imminent.

One of the key concerns is the token’s increasing supply. More than 1.5 billion PI tokens are set to be unlocked within the next year, bringing the total supply to 8 billion.

This consistent influx of new tokens has placed downward pressure on Pi cryptocurrency value, making it difficult for the price to stabilize.

Lack Of Major Exchange Listings Spurs Bearish Sentiment

Despite strong community backing, Pi Network Coin is yet to be listed on leading exchanges like Binance, Coinbase, and Kraken. The unavailability of this token has stopped it from attracting new investors and increasing trading volumes.

Binance, for example, has twice rejected the listing of Pi Coin under its “Vote to List” initiative owing to regulatory compliance and transparency issues.

Pi Network (PI Coin) was trading between $0.54 and $0.56 at press time. Source: TradingView

The absence of a Pi Network Binance listing continues to place bearish pressure on the token price as it limits liquidity and general market confidence. Without a tier-one exchange listing, the adoption of Pi Coin as well as its general acceptance in the mainstream is questionable.

Technical Indicators

From a technical standpoint, the Relative Strength Index (RSI) stands at 32.03, nearing the oversold zone.

The Moving Average Convergence Divergence (MACD) remains in the negative region, which means the sellers remain in control.

If the price of PI Coin cannot regain the $0.60 support level, the following notable support is predicted to be at $0.50.

To the upside, a reversal would be necessary to witness PI trading back above $0.65 once again, and again at $0.70 and $0.80. However, present trends suggest downward pressure is going to persist unless there is a change in fundamentals in market attitudes.

Community Frustration

The Pi Network community has expressed growing frustration over the lack of transparency from the Pi Core Team (PCT). Many investors and supporters are calling for clearer communication regarding exchange listings, token utility, and mainnet developments.

Recent reports indicate that despite Pi Network’s participation in PiFest and growing merchant adoption, sentiment remains negative.

“We need real updates and concrete action from the Pi Core Team, not just marketing campaigns,” one community member stated.

There is still hope that Pi cryptocurrency prices may rebound with a successful listing on a big exchange along with improved transparency and compliance. However, until these developments materialize, Pi Coin remains under intense selling pressure.

Investors should closely observe whether Pi Network is able to sustain support at $0.50 or more as downtrends lie ahead.

In the meantime, Pi Network’s market is at risk, and its long-term destiny will be determined by upcoming developments within the ecosystem and broader crypto universe.

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Other articles published on Apr 04, 2025