<ul><li>Pi Network's token, PI, has experienced a sharp downward trajectory, losing over 75% of its value since its February peak.</li><li>Despite efforts to increase adoption, including the PiFest 2025 event, technical indicators and ongoing token unlocks are negatively impacting the cryptocurrency.</li><li>Over 4.9 billion PI tokens are already in circulation, with an additional 126.6 million unlocked this month, contributing to the token's persistent downtrend.</li><li>Technical indicators, such as the RSI below 20, suggest further downside for PI.</li></ul>

Pi Network token plunges 77% from peak, even as PiFest draws 1.8M users

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