Pi Network's PI token fell 17% on Monday to a record low of $0.0785 as long-term "pioneers" sold their holdings. The token has now lost 97% since its February 2025 peak, dragging its market value down to $880 million.
Pi Network's PI token dropped 17% on Monday to an all-time low of $0.0785, pushed down by reports that the project's long-standing "pioneers" are selling the digital asset. The slide deepened losses that have piled up all year: PI has fallen roughly 30% since the start of the month and nearly 40% over the past 30 days.
PI outpaces the broader crypto slump
The wider crypto market has struggled through 2026, yet PI has fallen faster than most. Bitcoin and ether have shed approximately 30% and 40% respectively this year, but PI is down more than 60% since the start of 2026, one of the worst performers among tokens with a market capitalization above $1 billion. Since hitting a high of $2.99 in February 2025, the token has declined 97%.
The Monday drop cut PI's market capitalization to $880 million, reviving debate over the project's prospects. Some supporters expressed doubts, while others on social media dismissed the fall and argued the network still has room to grow.
Sellers press an unlock overhang
Frustration has built as the project moves into its later years without delivering the large returns some users expected. Observers pointed to a pattern in the price action: when Bitcoin rises, PI climbs slowly, but when Bitcoin falls, PI drops much faster than the broader altcoin market.
One X user, Dr Altcoin, suggested listing PI on top-tier venues such as Binance and Coinbase, or adding a buyback-and-burn mechanism, to absorb the millions of tokens being unlocked into the market.
Source: Bitcoin News
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