Pi Network Token Plunges 93% to Record Low

Pi Network’s long-awaited official launch in late February 2025 has proven disastrous for early investors, with the native token experiencing one of the most severe post-launch collapses in recent cryptocurrency history. According to CoinGecko data, the asset reached a spectacular all-time high of nearly $3.00 shortly after launch, only to enter what analysts describe as a ‘free-fall state’ with few meaningful recoveries. The latest blow came during Friday’s broader market crash when PI dropped to a fresh all-time low of $0.172, cementing its position as one of the worst-performing major cryptocurrencies of the year.

The 93% decline from peak to current levels represents one of the most dramatic value destructions in the crypto space, surpassing even the most pessimistic projections from market analysts. The token’s performance has been characterized by consistent new lows with only ‘brief and negligible deviations’ from the downward trajectory, indicating sustained selling pressure and lack of meaningful buyer support at any price level.

Artificial intelligence analysis from ChatGPT provides little comfort for Pi Network investors, categorizing the current trend as ‘deeply bearish’ with no strong support levels remaining. The AI tool noted that ‘every bounce is met with selling,’ suggesting that even minor price recoveries are quickly exploited by holders looking to exit their positions. This pattern indicates fundamental weakness in market structure and lack of conviction among both existing and potential new investors.

ChatGPT’s quantitative projections paint an equally grim picture, assigning a greater than 60% probability of bearish continuation in the near term. The chances for even a temporary rebound are estimated at only 25%-30% over the following week, while prospects for meaningful price stabilization are deemed highly unlikely at just 10% to 15%. These probabilities reflect the AI’s assessment of fading community enthusiasm and ‘months of limited ecosystem growth’ that have failed to support the token’s valuation.

Despite the overwhelmingly negative outlook, PiScan data reveals one potentially positive development: a substantial slowdown in the number of tokens scheduled for release in the coming month. This reduction in new supply could ease immediate selling pressure, though whether it will be sufficient to counterbalance existing market dynamics remains uncertain. The declining token release rate represents one of the few technical factors that might provide some relief to the battered cryptocurrency.

ChatGPT identified potential catalysts that could trigger a surprise reversal, pointing specifically to hype around the upcoming Hackathon conclusion and the possibility that ‘recently implemented updates can finally catch up and propel a price surge for Pi.’ These events represent the most plausible near-term drivers for positive price action, though their ability to overcome the current bearish momentum remains questionable given the depth of the decline and deteriorating market sentiment.

The analysis also references Warren Buffett’s famous advice about being ‘greedy when others are fearful,’ acknowledging that financial markets often move contrary to popular expectations. However, for such a reversal to materialize for Pi Network, a significant catalyst would be necessary to overcome the current negative momentum and rebuild investor confidence in both the token and its underlying ecosystem.