$PI Drops Below $1 As Price Falls 3x From Feb High

Pi Network, launched in 2019 as a mobile-mined cryptocurrency, has seen a sharp decline in price. After reaching around $2.98 in late February 2025, PI has now dropped to the $0.94–$1.02 range—a nearly 3x decline in just one month. Market conditions, investor sentiment, and network-specific challenges have contributed to this crash.

Why Is PI Crashing?

Several factors have converged to drive PI’s price lower:

1. Exchange Listing Uncertainty
   PI’s failure to get listed on major exchanges like Binance is a key reason for its underperformance. Without a strong trading platform, liquidity remains low, limiting price support.
2. Sell-Off by Early Adopters
   Miners who earned PI before the mainnet launch are offloading their tokens, flooding the market with excess supply.
3. Fear of Token Unlocks
   With 188M PI tokens scheduled for release in March 2025, investors worry about dilution, leading to preemptive sell-offs.
4. KYC and Migration Issues
   Users facing issues with KYC verification and mainnet migration deadlines are becoming frustrated and selling their holdings.
5. Limited Real-World Adoption
   Despite promises, PI’s use cases remain unclear, impacting investor confidence and reducing demand.

The Road Ahead

For PI to recover, it needs:

• A major exchange listing to boost liquidity.
• Clearer utility and adoption beyond speculation.
• Improved user experience regarding KYC and mainnet migration.

For now, the market outlook remains uncertain, with a risk of further downside if these issues persist.

What It Means for You [NFA]

If you hold PI or are considering an investment, here’s what to keep in mind:

• Short-Term Volatility: PI has dropped significantly, and further downside is possible if exchange listings or adoption delays continue.
• Liquidity Risks: With no major exchange listings, selling PI can be difficult, and prices may remain unstable.
• Long-Term Potential: If Pi Network addresses utility, adoption, and liquidity, recovery could follow. However, this depends on execution.
• Token Unlock Impact: The 188M token unlock in March 2025 could further increase supply, potentially leading to more price pressure.

DYOR before making any financial decisions.

Community Reaction

On going through Pi Network’s X account for community sentiment and reactions to updates, it was a dreaded field. A lot of ‘Pioneers’ as they call themselves were questioning the team and decisions.

• Ocean Park: “We introduced users, and Pi used their mobile data for testnet & mainnet. Miners get the most Pi, while introducers get a portion of bonus Pi. If they haven’t done KYC, why penalize the introducer with unverified balance? This could harm community trust.”]
• 𝔾𝕆𝕆𝔻𝕐 ༆ 𝓒𝓻𝔂𝓹𝓽𝓡𝓲𝓽𝓮 : “I’m done. Pi is a disappointment… I have 5k Pi coins. Who wants them?”
• Pi Network – Open Mainnet: “Stop playing with Pioneers’ emotions! It’s time for a clear roadmap to Full Open Mainnet, transparent updates, and the launch of 100 DDapps as promised. PCT must improve communication, Pi Network’s position has changed since 02/20/2025. The world is watching!”