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Pi Network’s cryptocurrency has taken a significant hit as its price plummeted below the $1 mark, resulting in a staggering weekly loss of 28%. The token’s decline comes amid growing concerns within the community regarding delays in the mainnet launch and Binance listing.
The Pi Coin, which was trading at around $0.86 at the time of writing, has now dropped 12% to $0.81. This drastic fall extends its weekly losses to an alarming 28%. The cryptocurrency’s value has lost over 68% from its peak in late February 2025.
Investor sentiment has significantly waned as the price continues to drop, with many community members expressing frustration with the Core Team’s silence on critical updates. Concerns have also emerged about the project’s direction, citing a shift away from full decentralization and towards partnering with large institutions.
Despite these issues, some analysts remain hopeful for the token’s potential rebound from current support levels around $0.71-$0.86. They suggest that if Pi can stabilize in this range, it could potentially bounce back towards a target of $2.
A recent partnership with PiDaoSwap, a community-driven platform aiming to improve governance and transparency, has been seen as an attempt by the network to rebuild confidence in its long-term vision. However, critics have emerged, with Bybit CEO Ben Zhou and Cyber Capital Founder Justin Bons labeling the project as “scam” and stating that it is overly centralized.
To address the current price issues, some experts recommend that Pi Network burn a significant portion of its tokens, between 60-100 million units. This reduction in supply could help stabilize the token’s value and reduce volatility.
The cryptocurrency’s future performance will likely depend on how the team addresses these pressing concerns. Increased transparency, progress on decentralization, and effective management of token unlocks will be crucial in stabilizing the price and regaining investor trust.
Some optimists propose that if Pi Network successfully expands its exchange listings to major platforms like Binance, it could increase liquidity and demand, potentially driving the price upwards towards $10. However, investors are advised to remain cautious and monitor market activity closely, as cryptocurrency investments inherently carry risks, especially in this volatile sector.
Pi Network faces a critical period as it seeks to stabilize its price while addressing community concerns and navigating the ongoing token unlock process.
Source: https://blockonomi.com/pi-network-pi-price-token-falls-below-1-as-weekly-losses-reach-28/
