{"id":20823,"date":"2025-04-04T05:14:44","date_gmt":"2025-04-04T05:14:44","guid":{"rendered":"https:\/\/cryptd.in\/en\/pi-network-under-fire-pi-token-plummets-16-to-an-all-time-low\/"},"modified":"2025-04-04T05:14:44","modified_gmt":"2025-04-04T05:14:44","slug":"pi-network-under-fire-pi-token-plummets-16-to-an-all-time-low","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lt\/pi-network-under-fire-pi-token-plummets-16-to-an-all-time-low\/","title":{"rendered":"Pi Network Under Fire: PI Token Plummets 16% to an All-Time Low"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Pi Network\u2019s native token cannot catch a break as its price has tumbled once again in the past 24 hours to a record low of just over $0.5.<\/li>\n<li>This latest decline came after a former PI proponent alleged the project to be a slow rug pull, while others have questioned the team\u2019s viability.<\/li>\n<\/ul>\n<figure aria-describedby=\"caption-attachment-390795\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-04-075902.png\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"size-full wp-image-390795\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-04-075902.png\" alt=\"PI Token Price. Source: CoinGecko\" width=\"1285\" height=\"654\" \/><\/a><figcaption class=\"wp-caption-text\">PI Token Price. Source: CoinGecko<\/figcaption><\/figure>\n<h2>PI\u2019s Latest Plunge<\/h2>\n<p>The first month and a half after PI\u2019s official launch and ability to be traded are a perfect example of a typical \u2018sell-the-news\u2019 event in the cryptocurrency industry amid massive hype. Recall that the project actually started roughly seven years ago, and it was in development until February 20, 2025. Within this rather extensive time period, its community grew substantially even though it saw countless delays and controversial moves.<\/p>\n<p>After PI went live, its price shot up from under $2 to $3 to mark a new all-time high. That was on February 26. Since then, it has been nothing short of a spectacular <a href=\"https:\/\/cryptopotato.com\/why-is-pi-tokens-price-down-today-as-market-rebounds\/\" data-wpel-link=\"internal\">downfall<\/a>. At press time, PI trades at $0.55, which is 81.5% lower than its record.<\/p>\n<p>Hours ago, it charted a new all-time low of $0.54 (according to data from CoinGecko) after dumping by another 16-7% in the past day. Admittedly, the entire crypto market has struggled in the last 36 hours after Trump\u2019s latest tariffs, but very few large or mid-cap alts have produced such massive declines.<\/p>\n<p>Actually, PI is the biggest loser from the top 100 alts. Next in line is SUI with -10% and all others are with single-digit drops, even the ever-volatile meme coins.<\/p>\n<p>PI has fallen out of the top 30 alts by market cap. Recall that the asset was close to the top 10 just over a month ago.<\/p>\n<h2>Further Troubles Ahead?<\/h2>\n<p>The new all-time low comes just a day after a former PI proponent did an 180 and <a href=\"https:\/\/cryptopotato.com\/pi-network-is-a-slow-rug-says-former-pi-proponent\/\" data-wpel-link=\"internal\">vadinamas .<\/a> Pi Network a \u201cslow rug.\u201d Crypto X is full with analysts and commentators that are trying to make sense of what is happening with PI\u2019s price and in the overall Pi Network ecosystem.<\/p>\n<p>Dr Altcoin was <a href=\"https:\/\/x.com\/Dr_Picoin\/status\/1907935689372741885\" data-wpel-link=\"external\" target=\"_blank\">skeptical<\/a> about PI\u2019s long-term potential since most major exchanges, such as Binance, seem reluctant to list it, at least until the \u2018Pi Core Team (PCT) becomes fully transparent about its tokenomics.\u2019<\/p>\n<blockquote>\n<p>\u2018At such a low price, the Pi community will struggle to utilize DApps within the Pi Ecosystem. If this continues for months, most Pi holders will sell off their coins and shift to newer crypto projects.\u2019 \u2013 Dr Altcoin added.<\/p>\n<\/blockquote>\n<p>The only move ahead, the X user concluded, is to \u2018burn billions of Pi coins from its Pi Foundation wallets. This is the only way to push the price above $10 and sustain the network\u2019s long-term value.\u2019<\/p>\n<p>Prane\u0161imas <a href=\"https:\/\/cryptopotato.com\/pi-network-under-fire-pi-token-plummets-16-to-an-all-time-low\/\" rel=\"nofollow\">Pi Network Under Fire: PI Token Plummets 16% to an All-Time Low<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR Pi Network\u2019s native token cannot catch a break as its price has tumbled once again in the past 24 hours to a record low of just over $0.5. This latest decline came after a former PI proponent alleged the project to be a slow rug pull, while others have questioned the team\u2019s viability. PI [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pi Network Under Fire: PI Token Plummets 16% to an All-Time Low - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/lt\/pi-network-under-fire-pi-token-plummets-16-to-an-all-time-low\/\" \/>\n<meta property=\"og:locale\" content=\"lt_LT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pi Network Under Fire: PI Token Plummets 16% to an All-Time Low - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR Pi Network\u2019s native token cannot catch a break as its price has tumbled once again in the past 24 hours to a record low of just over $0.5. This latest decline came after a former PI proponent alleged the project to be a slow rug pull, while others have questioned the team\u2019s viability. 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