Pi Network Remains Under Pressure as PI Hits New All-Time Low
Pi Network continued to face heavy selling pressure after the PI token plunged 16% in the past 24 hours, falling to a new all-time low (ATL) of around $0.0814. Since reaching its peak of $2.98, PI has now lost approximately 97.3% of its value.
Token Unlock Adds Selling Pressure
One of the main drivers behind today’s decline is the monthly token unlock. Around 3.1 million PI tokens entered circulation today, while another 103.69 million tokens are scheduled to unlock over the next month.
The growing token supply has prompted many early miners to sell their holdings amid concerns that prices could continue falling. Meanwhile, buying demand remains weak, creating an imbalance between supply and demand.
Trading Volume Jumps
Selling pressure is also reflected in trading activity. PI’s daily trading volume surged 169% to more than $21.81 million, suggesting that many investors are exiting their positions rather than buying the dip.
The sharp increase in trading volume indicates that sellers remain in control, while investor confidence continues to weaken as PI records new price lows.
Still Absent From Major Crypto Exchanges
Another factor weighing on PI is its absence from major cryptocurrency exchanges such as Binance, Coinbase, and Bybit. The project has yet to meet several listing requirements, including standards related to transparency, technical stability, and regulatory compliance.
Pi Network also requires exchanges to complete its Know Your Business (KYB) verification process before listing the token. This additional requirement has discouraged many tier-one exchanges from adding PI, although the token is currently available for trading on platforms such as OKX and Bitget.
PI Price Outlook
From a technical perspective, PI remains under pressure after losing the key $0.10 support level. The next major support sits near $0.0800, which has become an important psychological level for the market.
If PI manages to hold above $0.0800, the token could stabilize and trade between $0.0800 and $0.0900 in the short term. However, if selling pressure pushes the price below $0.0800, the next downside target could be around $0.0750.
