The scene of cryptocurrencies is humming with the newest twist involving Pi Network (PI), a project that formerly captivated imaginations with its promise to make crypto mining available via cellphones as of March 24, 2025. Pi’s price dropped steeply from its all-time high of $2.99 earlier this year to $0.90 USD. Investors, miners, and Pi Network ecosystem enthusiasts are left wondering about its future in this slump.
Let’s find out the cause of this fall, user present attitude, and possible future developments of this blockchain project.
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Why is Pi network dropping to $0.90?
The slide of Pi to $0.90 has been driven by a perfect storm of challenges for the Pi Network. One major factor is the recent token unlocks, which have flooded the market with over 100 million coins, overwhelming demand and sparking widespread selling. This oversupply has diluted the value of Pi, and with more unlocks looming, the pressure could grow unless confidence returns.
Another hurdle came with the KYC process, as the grace period ended on March 14, 2025, leaving many unverified Pi Network users unable to access their tokens. Technical glitches—such as tokens vanishing from dashboards or reverting to the Pi app—have compounded the frustration, pushing some to offload their Pi at any price. The uncertainty around a Binance listing has also played a role; despite strong community support, the exchange has yet to greenlight Pi, dashing hopes of a liquidity boost. Criticism from sceptics like Justin Bons of CyberCapital, who’ve called Pi Network a scam due to its centralised design, has further muddied the waters, unsettling investors. Adding to the mix, the broader crypto market’s volatility has put additional strain on altcoins like Pi, amplifying its struggles.
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What’s next for Pi network and the Pi browser?
With Pi hovering at $0.90, it’s at a pivotal support level. Analysts warn that slipping below this could see Pi Network’s price tumble to $0.80 or even $0.50 if selling continues unchecked. A recovery, though, isn’t out of reach if certain triggers align. Clear communication from the Pi Core Team about KYC issues, token unlock timelines, and the mainnet’s progress could restore faith in the Pi Network.
A major exchange listing—Binance or otherwise—might spark a rally by boosting liquidity and drawing new users to the Pi Browser ecosystem. Real-world growth, like expanding merchant adoption or rolling out decentralised apps (dApps) via the Pi Browser, could also reignite excitement. Pi has bounced back before, soaring from $0.72 to $35.71 in April 2024 after a slump, but with the mainnet still in a “closed network period” and no firm launch date, its promise hangs in the balance.
The plunge of Pi to $0.90 is a wake-up call for the Pi Network, challenging its community’s resolve and the project’s credibility. For early sellers, it’s a victory; for those stuck with locked tokens, it’s a test of patience. Whether Pi Network fades away or mounts a comeback hinges on execution, not just hype. As the crypto world watches, the fate of Pi, the Pi Browser, and its KYC-stricken ecosystem remains uncertain—but it’s clear this journey is far from its final chapter.