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Pi Network’s PI Token Plunges Toward ATL Levels Despite Gaming Progress

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Although almost the entire cryptocurrency market is deep in the red on a daily, weekly, and even monthly scale, Pi Network’s native token is among the poorest performers, as its price has slipped toward the all-time low seen in February.

This comes despite the project updates and the new games released, especially for Pioneers.

PI Price Tanks

As mentioned above, the past week or so has been particularly painful for the crypto markets, with BTC plunging to just over $65,000 hours ago, while ETH dumped to $1,800. Most other alts have been in the red, and PI is no exception. Its 22% plunge since this time last month resulted in a drop to $0.136 earlier today, which became its lowest level since February.

At the time, the asset was rejected at $0.20 multiple times, which led to the all-time low of $0.1312. The following month was a lot more successful, and PI more than doubled its value by the so-called PiDay 2026 (March 14) after it was listed on Kraken. However, it turned out to be a classic sell-the-news event followed by a massive crash to under $0.18.

The drop below $0.14 today came after sustained selling pressure and multiple key support levels that were lost, including $0.18 and $0.16.

Pi Network (PI) Price on CoinGecko
Pi Network (PI) Price on CoinGecko

PiScan data shows that the average daily number of tokens scheduled to be released in the next month is rather moderate, at around 5.4 million. However, there are several days that will see the unlocking of more than 10 million tokens, including one for 16 million. These rather significant unlocks could intensify the immediate selling pressure and lead to further declines.

Pi Token Unlock Schedule. Source: PiScan
Pi Token Unlock Schedule. Source: PiScan

New Games

After the recent update from CiDi Games, a Pi Network Ventures portfolio company, about the upcoming introduction of new games for Pioneers, both entities kunngjort that a portion of those have already been made available.

“CiDi Games gives Pioneers new ways to use Pi through gaming, while also extending the Pi ecosystem with infrastructure that can support more games and developers over time.”

The new games are as follows:

🕹 Coin Whack · arcade roguelike

🍓 Fruit Stack · match-3 fruit puzzle

💎 Gemnova · cosmic match-3 adventure

🌈 RainbowCubes · colorful elimination puzzle

Separately, the Pi Network Core Team recently kunngjort the successful deployment of protocol update version 23 and noted that the next one, version 24, should have been completed by June 2. At the time of writing, though, there’s no official confirmation.

Innlegget Pi Network’s PI Token Plunges Toward ATL Levels Despite Gaming Progress dukket først opp på CryptoPotato.

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