{"id":50153,"date":"2025-04-04T09:38:53","date_gmt":"2025-04-04T09:38:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pi-network-token-plunges-77-from-peak-even-as-pifest-draws-1-8m-users\/"},"modified":"2025-04-04T09:38:53","modified_gmt":"2025-04-04T09:38:53","slug":"pi-network-token-plunges-77-from-peak-even-as-pifest-draws-1-8m-users","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pi-network-token-plunges-77-from-peak-even-as-pifest-draws-1-8m-users\/","title":{"rendered":"Pi Network token plunges 77% from peak, even as PiFest draws 1.8M users"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>4.9 billion tokens already in circulation.<\/li>\n<li data-start=\"4520\" data-end=\"4574\">PiFest 2025 saw 1.8 million users across 58,000 merchants.<\/li>\n<li data-start=\"4520\" data-end=\"4574\">Technicals signal further downside; with RSI below 20.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"83\" data-end=\"673\">Pi Network&rsquo;s token, PI, is on a sharp downward trajectory, losing over three-quarters of its value since its February peak.<\/p>\n<p class=\"\" data-start=\"83\" data-end=\"673\">Despite efforts to boost adoption&mdash;including the high-profile PiFest 2025 event&mdash;technical indicators and ongoing token unlocks are piling pressure on the cryptocurrency.<\/p>\n<p class=\"\" data-start=\"83\" data-end=\"673\">As the broader market surges, with Bitcoin trading above $84,000 and Ethereum staying above $1,820, PI&rsquo;s steep drop sets it apart for all the wrong reasons.<\/p>\n<p class=\"\" data-start=\"83\" data-end=\"673\">With over 126.6 million tokens being unlocked this month alone, the issue of oversupply continues to weigh heavily on sentiment and pricing.<\/p>\n<h2 class=\"\" data-start=\"675\" data-end=\"733\">PiFest drives use, but price drops<\/h2>\n<p class=\"\" data-start=\"735\" data-end=\"1218\">Pi Network&rsquo;s recent push to encourage real-world adoption culminated in PiFest 2025.<\/p>\n<p class=\"\" data-start=\"735\" data-end=\"1218\">The event drew participation from over 125,000 sellers and 58,000 merchants, who collectively enabled more than 1.8 million Pioneers to use PI for everyday transactions.<\/p>\n<p class=\"\" data-start=\"735\" data-end=\"1218\">These ranged from purchases at cafes and boutiques to payments at auto shops and for freelance services.<\/p>\n<p class=\"\" data-start=\"735\" data-end=\"1218\">Despite the extensive scale and real-world utility shown during the event, PI failed to register a positive price reaction.<\/p>\n<p class=\"\" data-start=\"1220\" data-end=\"1563\">The token has instead continued its freefall, now trading at $0.5483.<\/p>\n<p class=\"\" data-start=\"1220\" data-end=\"1563\">This marks over a 25% decline over the past week alone.<\/p>\n<p class=\"\" data-start=\"1220\" data-end=\"1563\">From its all-time high of $2.98 earlier this year, PI has now shed 77 percent of its value, raising serious questions about the effectiveness of Pi Network&rsquo;s adoption strategy.<\/p>\n<p data-start=\"1220\" data-end=\"1563\"><\/p>\n<p data-start=\"1220\" data-end=\"1563\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/pi\/\">CoinMarketCap<\/a><\/p>\n<h2 class=\"\" data-start=\"1565\" data-end=\"1610\">126 million tokens unlocked in March<\/h2>\n<p class=\"\" data-start=\"1612\" data-end=\"2044\">The price drop aligns with Pi Network&rsquo;s ongoing monthly token unlocks, which are releasing new tokens into the market at a much faster pace than demand can absorb.<\/p>\n<p class=\"\" data-start=\"1612\" data-end=\"2044\">Over 4.9 billion PI tokens are already in circulation, and an additional 126.6 million will be unlocked this month.<\/p>\n<p class=\"\" data-start=\"1612\" data-end=\"2044\">On average, the network has been releasing 133 million tokens each month, with a further 1.54 billion tokens expected to be unlocked over the next year.<\/p>\n<p class=\"\" data-start=\"2046\" data-end=\"2535\">This rising supply, without a corresponding increase in buying pressure or liquidity, is cited as the primary reason behind the token&rsquo;s persistent downtrend.<\/p>\n<p class=\"\" data-start=\"2046\" data-end=\"2535\">Technical indicators support this view. PI is currently trading below its 20-period Exponential Moving Average (EMA), a bearish indicator, and the Relative Strength Index (RSI) has dropped below 20&mdash;well into oversold territory.<\/p>\n<p class=\"\" data-start=\"2046\" data-end=\"2535\">Analysts note that while the RSI may indicate overselling, there are no strong signs yet of a reversal.<\/p>\n<h2 class=\"\" data-start=\"2537\" data-end=\"2583\">Triangle pattern signals further fall<\/h2>\n<p class=\"\" data-start=\"2585\" data-end=\"3077\">From a technical perspective, PI&rsquo;s price movement is following a descending triangle formation&mdash;a pattern often linked with continued bearish momentum.<\/p>\n<p class=\"\" data-start=\"2585\" data-end=\"3077\">Unless there&rsquo;s a clear breakout from this pattern, analysts believe PI could soon slide below $0.50 if current selling pressure continues.<\/p>\n<p class=\"\" data-start=\"2585\" data-end=\"3077\">A reversal rally, if one occurs, could potentially take the token back toward $1.53, but such a move would require a significant shift in demand and sentiment.<\/p>\n<p class=\"\" data-start=\"3079\" data-end=\"3313\">The broader crypto market&rsquo;s bullish conditions only highlight PI&rsquo;s poor performance.<\/p>\n<p class=\"\" data-start=\"3079\" data-end=\"3313\">While other assets benefit from institutional interest and high liquidity, PI continues to struggle with exchange listings and widespread scepticism.<\/p>\n<h2 class=\"\" data-start=\"3315\" data-end=\"3366\">Project&rsquo;s history and reputation pose challenges<\/h2>\n<p class=\"\" data-start=\"3368\" data-end=\"3777\">Pi Network was launched in 2019 with a mobile-first, referral-based mining model.<\/p>\n<p class=\"\" data-start=\"3368\" data-end=\"3777\">It remained largely untradable until the mainnet launch, after which it gained listings on exchanges such as Bitget, OKX, and MEXC.<\/p>\n<p class=\"\" data-start=\"3368\" data-end=\"3777\">However, concerns about its long-term viability remain.<\/p>\n<p class=\"\" data-start=\"3368\" data-end=\"3777\">The project still faces criticism for lacking liquidity, unclear use cases beyond events like PiFest, and resistance from major platforms.<\/p>\n<p class=\"\" data-start=\"3779\" data-end=\"3994\">One major exchange, ByBit, has openly refused to list the token.<\/p>\n<p class=\"\" data-start=\"3779\" data-end=\"3994\">This stance has further limited the token&rsquo;s exposure and liquidity in a competitive market where visibility and tradability are essential for success.<\/p>\n<p class=\"\" data-start=\"4046\" data-end=\"4424\">Despite recent promotional efforts, Pi Network&rsquo;s future remains uncertain.<\/p>\n<p class=\"\" data-start=\"4046\" data-end=\"4424\">Market watchers believe that unless the token unlock schedule is revised or real user demand catches up to the supply, the downtrend is unlikely to reverse.<\/p>\n<p class=\"\" data-start=\"4046\" data-end=\"4424\">For now, the growing number of tokens in circulation and lack of exchange support continue to outweigh the network&rsquo;s community-driven initiatives.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/pi-network-token-plunges-77-from-peak-even-as-pifest-draws-1-8m-users\/\">Pi Network token plunges 77% from peak, even as PiFest draws 1.8M users<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/pi-network-token-plunges-77-from-peak-even-as-pifest-draws-1-8m-users\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) 4.9 billion tokens already in circulation. PiFest 2025 saw 1.8 million users across 58,000 merchants. Technicals signal further downside; with RSI below 20. Pi Network&rsquo;s token, PI, is on a sharp downward trajectory, losing over three-quarters of its value since its [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":50154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50153"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50153"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50154"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}