Pi Network’s native token, PI, cratered to a fresh all-time low of $0.34 on August 2, 2025, shedding 16% in 24 hours and over 30% in a month, per CoinGecko. While the broader Cryptocurrency market bled $250 billion, with Bitcoin dipping below $113,000, PI’s plunge outpaced most altcoins, sparking questions from analysts like @Moon_Jeff on X: “Who’s selling at these levels?” A massive token unlock, flooding the market with over 10 million PI coins daily, has fueled relentless selling pressure, per PiScan. This comes after PI’s 86% drop from its February 2025 peak of $2.84, leaving its market cap at $3.13 billion, ranked #44 on CoinGecko.
The primary driver of PI’s collapse is a flood of unlocked tokens. PiScan data shows 150 million PI tokens, worth $64 million, were released over the past 30 days, with daily unlocks often exceeding 10 million coins. This surge in supply, coupled with weak demand, has crushed PI’s price, as seen in similar tap-to-earn token crashes like Notcoin, per IntoTheBlock. Technical indicators are grim: the Aroon Down Line at 100% signals a dominant bearish trend, and PI’s RSI at 32.02 nears oversold territory, hinting at a possible short-term bounce to $0.46 if buyers step in, per TradingView. However, with 405.5 million PI on exchanges, up from 400 million weeks ago, selling pressure remains intense.
Pi Network’s woes aren’t just technical. Allegations of scams, flagged by Bybit’s CEO Ben Zhou, and unconfirmed Binance listing rumors have dented investor trust, per CoinGape. The SEC’s crackdown on unregistered securities, like iGenius’s CoinPro, looms as a regulatory risk for PI, which lacks clear compliance, per Crypto.news. Meanwhile, Trump’s tariffs, spiking inflation fears, have driven investors to safer assets like Bitcoin ($588.6M ETF inflows) and Ethereum ($71.2M), per SoSoValue, leaving altcoins like PI exposed. X posts from @FXScrypto note PI’s on-ramp delays and KYC issues, further stalling adoption, with only 100 dApps on its network compared to Ethereum’s thousands.
Hope isn’t lost. PiScan projects a drop to 5.3 million daily token unlocks in September, down from July’s 7+ million, potentially easing selling pressure. Growing adoption in China, with merchants accepting PI for transactions, could spark demand, per @cryptoleakvn on X. If PI holds $0.34 support and breaks $0.46 resistance, a rally to $0.70 is possible, per CCN. Investors should stick to regulated assets like BTC or ETH ETFs, monitor SEC updates via @Cointelegraph, and verify PI’s status on CoinMarketCap. With Bitcoin eyeing $125K and Ethereum testing $3,800, per CoinGape, PI needs a Binance listing or killer dApp to avoid sinking to $0.30. Stay cautious—this dip’s not a bargain yet.
