Without significant positive developments, projections point to a further fall in Pi coin.
Pi Network has suffered a dramatic drop, now trading near $0.34 after hitting a peak close to $3 earlier in 2025, which is a staggering loss exceeding 80 per cent. This steep decline coincides with a collapse in trading volume, which has tumbled from more than $3.5 billion to below $50 million, reflecting waning market interest, according to a LiveBitcoinNews report released on Sunday.
Analysts highlight technical indicators such as a descending channel and a Relative Strength Index (RSI) near 38, suggesting momentum is weak. Without significant positive developments, projections point to a further fall toward $0.15 by early 2026. A large influx of token unlocks and scarce liquidity are key factors driving this downward pressure, the report added.
Additionally, a recent tweet by John Morgan (@johnmorganFL) has reignited discussions about the long-term viability of Pi Coin (PI). In his post, he referenced an article from Coindoo revealing that nearly half of Pi Network users believe the project will fail by 2026. Despite growing user numbers and ambitious claims of decentralization, this widespread skepticism highlights a growing disconnect between the Pi Network community’s optimism and the market’s harsh realities.
Trend Seen In Pi Coin
Pi Coin is currently trading at approximately $0.344, with a market capitalisation estimated at around $2.75 billion based on a circulating supply of 8 billion tokens, as per a coinfomania report. This marks a significant decline from its all-time high of $3.40 reached in 2025. Additionally, the 24-hour trading volume stands at $28.9 million, indicating a noticeable drop in market interest and activity surrounding the coin.
Delays In Mainnet Launch Challenge Pi Network’s Credibility
The transition to the Mainnet by Pi Network has been notably slow and plagued by multiple delays. While millions of users have successfully completed the ongoing KYC verification process, the full rollout of the Mainnet remains incomplete as of mid-2025, states the report.
This sluggish progress, including the postponed integration of critical upgrades such as the Stellar Protocol 23, has weakened community confidence in the project. Without a fully functional and decentralised Mainnet, the long-term sustainability of Pi Network is increasingly uncertain, especially as competing blockchain platforms advance with more robust and resilient infrastructures.
Risks For Pi Network
Pi Network’s significant price erosion, liquidity crunch, and heavy token unlock schedule present risks of further steep declines. Without new catalysts, market experts warn of possible slides to $0.15, according to the LiveBitcoinNews report.
(Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.)