Pi Network Cryptocurrency Price Drops 30% - Recovery Analysis
2025-06-09 07:32:03Pi Network Faces Market Turbulence: Can the "Mobile Mining" Token Recover After Recent Crash?
The sudden 30% drop in Pi Network’s (PI) price has left investors scrambling for answers—is this a temporary setback or a sign of deeper issues for the once-hyped project?
Pi Network’s Rollercoaster Ride: From Mainnet Hype to Market Correction
Pi Network, the cryptocurrency project that gained fame for its smartphone-based mining model, has seen its token price swing wildly since its Open Mainnet launch in February 2025. After an initial surge to nearly $3, PI has struggled to maintain momentum, with its value dropping to around $0.60 as of June 2025—a 30% decline from its May highs.
The project, founded by Stanford PhDs Nicolas Kokkalis and Chengdiao Fan, aimed to democratize crypto mining by allowing users to earn PI tokens through a mobile app without expensive hardware. This approach attracted over 70 million registered users, but the transition to a fully open blockchain has been rocky.
The Unlocking Dilemma: Why Pi’s Price Crashed
One major factor behind the recent downturn is the unlocking of previously restricted tokens. In May 2025, approximately 234 million PI tokens—worth $139 million at the time—entered circulation, increasing selling pressure. This coincided with a broader crypto market pullback, exacerbating PI’s decline.
Technical indicators paint a bearish picture:
The Relative Strength Index (RSI) sits at 39.90, hovering near oversold territory.
The Moving Average Convergence Divergence (MACD) shows weakening bullish momentum.
Key support levels around $0.50 are being tested, with resistance forming near $0.90.
Exchange Listings and Liquidity Challenges
Despite being listed on exchanges like OKX, Gate.io, and MEXC, Pi Network has yet to secure a spot on Binance—a major hurdle for liquidity and credibility. Some analysts speculate that Binance’s hesitation stems from concerns over Pi’s compliance framework and the controlled release of tokens.
"Pi’s model is unique, but its gradual token unlock schedule creates artificial scarcity followed by sudden sell-offs," noted a Gate.io market analyst. "Until more major exchanges adopt PI and liquidity improves, volatility will remain high."
Real-World Adoption: Progress or Hype?
Pi Network has made strides in merchant adoption, with over 58,000 businesses reportedly accepting PI during PiFest 2025. However, most transactions remain confined to niche markets and peer-to-peer trades rather than mainstream commerce.
The project’s focus on compliance—requiring both KYC (Know Your Customer) for users and KYB (Know Your Business) for exchanges—has slowed expansion but could pay off in long-term regulatory stability.
What’s Next for Pi Network?
Short-term price predictions vary widely:
Bearish Scenario: If selling pressure continues, PI could retest its April low of $0.40.
Bullish Case: A breakout above $0.90 could signal renewed momentum, potentially pushing PI toward $1.50 by year-end.
Longer-term, Pi’s success hinges on:
Exchange Listings: Binance or Coinbase integration could dramatically improve liquidity.
Ecosystem Growth: More decentralized apps (dApps) and DeFi integrations are needed to sustain utility.
Regulatory Clarity: As governments tighten crypto rules, Pi’s compliance-first approach may become an advantage.
Share Your Thoughts
Will Pi Network overcome its current challenges and establish itself as a viable cryptocurrency, or is the project losing steam? Share your thoughts on our X.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
Sources:
Crypto.news - "Top Cryptocurrencies to Watch This Week: Flare, Aptos, Pi Network"
BeInCrypto - "Pi Network Loses Price, Faces Crash"
The Coin Republic - "Will Pi Coin Price Continue Its Rally Amid Downtrend?"
Binance Square - Unspecified post on Pi Network market trends