The native token of the Pi Network, PI, has suffered a severe downturn, tumbling by over 11% to hit a fresh all-time low of $0.086 earlier today. This latest plunge extends an already brutal sell-off that has wiped out more than 97% of PI's value since its all-time high in February 2025. The collapse comes amid a broader cryptocurrency market dip, but PI's losses have been disproportionately sharp, with the token now down over 22% on the weekly chart.
Adding to the bearish pressure, data from PiScan reveals that over 127 million PI tokens are scheduled to be unlocked within the next 30 days. Such a substantial release into circulation could significantly increase sell-side liquidity, as long-awaiting investors may rush to offload their holdings in a distressed market. The combination of declining price and impending supply shock creates a precarious environment for the token.
The PI token briefly traded at $0.30 following its listing on Kraken in March 2026, but it has since experienced a relentless downtrend. The $0.20 support level, which held for a period, was breached before a brief challenge in late April, and the token has now decisively lost both the $0.10 and $0.09 floors. The grim price chart is reflected across the broader market, where Bitcoin dipped below $63,000 amid renewed geopolitical tensions between the US and Iran, dragging most altcoins lower.
Despite the price weakness, the Pi Core Team continues to push forward with ecosystem development. On Pi2Day (June 28), the team announced three new infrastructure products: SoloHost for local AI app hosting and distributed computing, Pi Sign-in for third-party authentication via Pi accounts, and PiVerify for KYC and identity verification services for external businesses. While these updates demonstrate long-term ambition, they are unlikely to provide immediate price support, as their impact on network activity and token demand may take months or years to materialize.
