The native cryptocurrency of Pi Network, the PI coin, has experienced a significant decline of 74% in value, dropping to approximately $0.68 from its all-time high of $2.98 in February 2025.
The upcoming unlocking of over 124 million PI tokens and slowing trading activity are major factors contributing to this downturn, indicating fading investor excitement.
Community members are demanding more transparency and fresh leadership with real crypto expertise, criticizing the Pi Core Team for being disconnected from the concerns of the broader Pi community.
Pi Network's mining rate has dropped by 1.18% this month, continuing the trend of gradual mining rate reductions. The Pi coin price has also experienced a decline of 20% in the past seven days.