The native token of Pi Network has experienced a dramatic decline, falling 94.5% in less than a year since its launch in February. The fall came after a shift in U.S. monetary policy and a broader market correction. Below is a concise overview and a detailed look at the token’s trajectory.
At a Glance
- Pi Network token hits a new all-time low of $0.1648.
- Value loss of 94.5% since the February launch.
- Recent decline follows a Fed pivot and geopolitical uncertainty.
- Why it matters: Investors and traders must reassess risk exposure in a volatile crypto landscape.
Launch and Early Success
When Pi Network opened for trading, it quickly attracted attention, reaching an all-time high of $2.99 on CoinGecko. Several smaller exchanges listed the token shortly after launch, while larger platforms such as Binance and Coinbase remained cautious despite rumors of potential inclusion. The rapid rise propelled Pi Network into the top 10 altcoins by market cap for a brief period. However, the momentum was short-lived, and the token began to slide in the months that followed.
First Crash and Recovery
The first major setback occurred in early October, when the token crashed to an all-time low of $0.172. After this sharp drop, the price stabilized within a narrow band between $0.20 and $0.22 for several months, with only occasional brief deviations. This period of relative stability was punctuated by sporadic rallies, but the overall trend remained downward. The market viewed the October crash as a warning sign of the token’s vulnerability.
Recent Decline and Market Context
A mid-January market-wide correction intensified the downturn for Pi Network. The token fell below $0.17 days ago, setting a new all-time low at $0.1648. This decline coincided with the U.S. Federal Reserve’s pivot in monetary policy, where it refused to lower interest rates yesterday. Geopolitical uncertainty added further pressure, amplifying volatility across the broader cryptocurrency market. The result was a cumulative loss of 94.5% in under twelve months.
Team Updates and Market Reaction
Since the start of the year, the Pi Network team has rolled out two updates aimed at improving the ecosystem. Despite these efforts, the updates have not translated into tangible traction for the token. Market participants have largely remained skeptical, citing the steep price decline and lack of clear adoption metrics. The team’s announcements have not offset the broader negative sentiment surrounding the token’s performance.
Comparative Market Movements
In contrast to Pi Network‘s slide, Bitcoin (BTC) has experienced a plunge before the FOMC meeting, while Pi Network reportedly surged by 15% in a separate market watch report. These contrasting movements highlight the fragmented nature of the crypto market, where individual assets can diverge sharply from overall trends.
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Key Takeaways
- Pi Network token has fallen 94.5% to a new low of $0.1648.
- The decline followed a Fed pivot and a mid-January market correction.
- Two ecosystem updates have not reversed the downward trend.
- Market volatility remains high, with Bitcoin and Pi Network showing divergent short-term moves.
