Pi Network dropped out of crypto’s TOP 50 by global market cap on Tuesday, as the mobile mining platform’s native coin plunged to a new record low. At $0.33, Pi Coin’s (PI) price now heads towards an underlying support level of $0.3, and a break below this level could induce further selling pressure.
Here’s Why Pi Coin’s Price Slobs At $0.33
Ever since hitting the $2.99 all-time high a week into launch, Pi Coin (PI) has been on a downward spiral to backtrack 88.8% from this milestone. Now, the Pioneers are worried about the Pi token unlock schedule picking up speed again. Typically, crypto unlock events cause short-term dips due to inflation, but can also be overshadowed by demand.
Certainly, 168 million in monthly unlocks seems a lot, even though May & June were more intense. However, Pioneers’ frustration around undelivered decentralized application (dApp) promises & stalling in exchange listing had taken its toll on Pi’s market confidence.
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As if that wasn’t enough, 12 million Pi holders have transitioned their holdings to the mainnet, but a portion of the Pioneer community is looking forward to the second migration to release their earnings. While some report KYC issues, others even unauthorized withdrawals.
Pi Coin’s $3 Dream Is Still Within Reach If..
In Pi’s case, the trading volume lies in relatively low numbers, considering the 55 million users across the globe. With $55 million in Spot trades in 24 hours, Pi Network’s activity remains in moderate levels, while crypto whales don’t seem to be convinced either.
Judging from the Chaikin Money Flow (CMF) constantly dwelling below zero with spontaneous upticks throughout the month, large Pi Network (PI) investors are not sure if Pi Coin has hit the bottom yet. Additionally, the Parabolic Stop & Reverse (SAR) meter flashed a sell signal, meaning that the bearish trend hasn’t retreated.
For the crypto bulls to take a swing at $3 again like in February, Pi Network (PI) would have to top up over $10 billion in market capitalization. The record high had seen Pi Network’s valuation at $13.55 billion, while now it stands at $2,701,177,958, according to CoinGecko’s real-time stats.
Notably, the Pioneers expect a bigger breakthrough in the long-term push towards $3 with major exchange listings. Even though Binance considered listing Pi Coin (PI), the altcoin was rejected, manifesting in a massive Pi Coin community backlash. HTX & KuCoin has also dropped hints, but refrained from listing the altcoin so far.
On The Flipside
- Right now, there’s a Pi Hackathon running, aimed at expanding the mobile mining network’s utility range.
- Devs can snatch up to 160K Pi tokens during the festivities, contributing to the 100 mainnet dApp plan.
Why This Matters
With over 55 million registered Pi miners, altcoins as such are typically attractive to major exchanges due to the large community size.
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Pi Coin dropped to around $0.34 due to a massive sell-off triggered by whales, as well as the Pi Foundation unlocking 162.8 million PI in August 2025, potentially adding sell pressure.
As of August 26, 2025, Pi Coin is trading at approximately $0.34, down 3-4% in the last 24 hours, with a market cap of about $2.7 billion.
Bearish indicators suggest a potential drop to $0.30-$0.32 if support at $0.34 fails. However, bullish momentum & DeFi ecosystem growth could push it toward $0.45-$0.60 this year, with $3 being unlikely short-term without major exchange listings or adoption spikes.
Key drivers include ongoing token unlocks, lack of major exchange listings like Binance, limited real-world utility, and market-wide volatility, with recent Bitcoin liquidations adding pressure.
Short-term risks point to further declines due to token supply increases, but long-term potential exists with growing adoption (27,000+ merchants), new features like domain bidding, and network upgrades. Analysts predict $0.75-$2 by year-end if momentum builds.
