PI Token Plunges 73% Amid Liquidity Outflow and Unlocks

The PI token, which saw a 300% surge between April and May 2025, has since collapsed to $0.4158 by mid-July 2025, nearly touching its all-time low of $0.4000 [1]. The token is under intense selling pressure, exacerbated by the July unlock event, which has led to a sharp outflow of liquidity and further price erosion. Technical indicators on the PI/USDT daily chart remain bearish, with the RSI at 34 and the MACD showing increasingly shorter green histogram bars, signaling a fading positive trend [1].

Despite the token’s purported utility—supporting over 20,000 applications and serving millions of users across 155 countries—this has not translated into a stable or rising price [1]. The market capitalization of PI has dropped from a peak of $13.5 billion to over $3 billion, with analysts attributing the decline to heavy profit-taking by early adopters and a lack of sustained demand [1]. PI’s current trajectory suggests further downside, with key support levels at $0.2500 (S1) and $0.1000 (S2), the latter being the token’s initial listing price on OKX. A drop to the critical $0.4000 level could trigger a liquidity sweep before any potential recovery attempt [1].

On July 25, 2025, PI Network issued an official message on X urging users to strengthen wallet security, typically a precursor to major exchange listings [1]. While this has sparked speculation about a possible listing on platforms such as Binance, neither the project nor the exchanges have confirmed such plans. Analysts warn that a listing, while potentially bullish, could also accelerate selling pressure as early holders cash out [1].

If PI were to recover, it would first need to re-test the $1.0350 level, a key resistance point representing the 50% Fibonacci retracement of the decline from May’s high to June’s low [1]. However, with market sentiment remaining fragile and technical indicators pointing downward, the path to recovery appears uncertain. A Facebook post from a user group speculated that PI could rebound in April 2025 once unlock events reach their lowest point [2]. This, however, remains speculative and has not materialized as of July 2025.

PI remains among the top 50 cryptocurrencies by market capitalization despite losing nearly $10 billion in value since its peak [1]. The project’s ecosystem remains active, with over 60 million global users verified on the platform [3]. Yet, as the token transitioned to a tradeable asset, many users opted to take profits rather than hold, further contributing to the current price weakness [1]. While PI’s utility is arguably robust, it has yet to demonstrate the kind of market confidence required to drive sustained price appreciation.

Source:

[1] https://crypto.news/pi-network-dumps-hard-will-pi-recover/

[2] https://www.facebook.com/groups/4798699926848653/posts/24720865877538763/

[3] https://cryptoadventure.com/bitcoin-price-calms-at-118k-ahead-of-fomc-meeting-bonk-dumps-hard-market-watch/