Pi Network Coin's Plunge: Is it a Smart Buy Today?

Pi Network token has crashed 90% from its YTD high, facing headwinds like daily token unlocks and lack of demand. However, potential catalysts like exchange listings and whale buying could lead to a rebound. The token is currently trading at $0.400, and its consolidation phase may lead to a bullish breakout, potentially reaching $1.6641.

Pi Network token (PI) has experienced a significant downturn this year, plummeting by nearly 90% from its year-to-date high. The cryptocurrency has faced numerous headwinds, including daily token unlocks and a lack of demand, which have contributed to its steep decline. As of August 5, 2025, Pi Coin (PI) was trading at $0.400, a few points above its monthly low of $0.3198.

The primary challenges for Pi Network include daily token unlocks, which have boosted its circulating supply to over 7.88 billion. This continuous unlocking process is set to continue in the foreseeable future, potentially diluting the value of each token. Additionally, the lack of demand and recent network news, such as the launch of the Pi Network Ventures and AI Studio, have not been enough to drive the price back up.

Despite these challenges, there are potential catalysts that could lead to a rebound in the price of Pi Coin. Exchange listings, particularly on major platforms like Binance, Crypto.com, and Coinbase, could provide a significant boost. Whale buying activity, as evidenced by a mysterious wallet purchasing 350 million Pi tokens worth $141 million, has also shown signs of stabilization. However, the centralization of the Pi Foundation, which holds over 90 billion tokens, remains a concern.

Technical analysis of the Pi Coin price chart suggests that the token is in a consolidation phase, which could lead to a bullish breakout. The Average True Range (ATR) has been decreasing, indicating a period of accumulation. The Relative Strength Index (RSI) and MACD indicators also point to potential bullish momentum. If these indicators hold true, Pi Coin could potentially reach its highest point in May 2025, which was approximately $1.6641, representing a 315% increase from its current level.

Looking ahead, a successful mainnet launch, broader exchange listings, and the development of real-world use cases are crucial for Pi Network's future. However, the project faces ongoing delays in critical developments and a lack of clear communication from its leadership. The slow pace of development and unresolved governance issues have raised concerns about the project's ability to retain interest in a fast-evolving market.

In conclusion, while Pi Network faces significant challenges, there are potential catalysts that could lead to a rebound in the price of Pi Coin. Investors should closely monitor the project's progress and the broader cryptocurrency market for any signs of recovery.

References:
[1] https://crypto.news/is-buying-pi-network-coin-a-smart-move-today/
[2] https://www.ainvest.com/news/pi-coin-rises-10-whale-buying-stabilization-hopes-2508/