Pi Network: The Price Slide You Didn’t See Coming

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Pi Network’s bulls have taken another public humiliation, the kind you pretend isn’t happening while you refresh the page at 3 a.m. The token’s price has plummeted to a new all-time low, which is basically the market giving you a dramatic shiver and then asking for a cup of tea as if nothing happened.

Also, some indicators suggest the downturn could deepen before anyone remembers to eat lunch.

Finding a New Bottom

Just hours ago, Pi Network’s PI dived to $0.17-the price floor that makes you question your life choices since it first started trading in February last year. Its market capitalization slipped under $1.5 billion, landing it at the 75th-largest cryptocurrency, which is fancy-sounding for “we’re not the big kids, but we’re still here.”

The latest move south could be partly driven by the broader market’s bearish mood, where Bitcoin (BTC) hovered under $88,000 and Ethereum (ETH) briefly bumped down to $2,780. It’s the kind of mood you feel in a lift that stops between floors and plays the showtune of doom.

Some important factors hint that PI’s price hasn’t suddenly discovered the joy of life. Data shows that almost 150 million coins are due to unlock in the next 30 days, which could unleash selling pressure as investors finally get to offload assets they’ve been nursing like a guilty secret.

The average token unlocks are just south of 5 million-gargantuan compared to recent weeks, and the record day will be February 7, when about 6.1 million tokens will be freed up. It’s basically a fireworks display of liquidity, if your idea of fireworks is a spreadsheet explodes into your face.

Huge Adoption on the Way?

While PI’s price performance over the past few months has been a bit of a melancholic ballad, some X users remain oddly optimistic. Kosasi Nakomoto noted that the asset’s “earn while you wait” model looks “childish” to many crypto natives, but predicts that in a couple of years, most people in emerging markets will probably have a Pi wallet. So, hooray for early adopters who believed in our ineffable patience, I suppose.

Meanwhile, PI’s RSI suggests the worst might be over and there could be a short-term bounce forthcoming. RSI ranges from 0 to 100 and tells you whether something is overbought or oversold. Below 30 means oversold and possibly ready for a pep talk; above 70 is bearish territory. Recently, the RSI dipped below 30 and has since crept up to 38.

In other words, the charts are flirting with a comeback, or at least a polite raise of an eyebrow. Either way, the drama continues.

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2026-01-26 16:59