Recent updates and a general negative market trend have negatively impacted Pi Network, leading to a sharp price decline.
Price Decline of Pi Token
The Pi Network token dropped by 11% on June 17, reaching a daily low of $0.5311, wiping out recent gains. This decline occurred amid a generally negative market trend.
Issues with Rewards
Users have reported significant declines in rewards for participation in the network. Many state that the rewards have become so low that mining is no longer worthwhile. For instance, in March 2025, diligent miners could earn only 2.1 Pi per month, worth less than $2.
Password Leak in the Pi Ecosystem
A password leak occurred at PiChain Global, the company behind the Pi Chain Mall platform. This raised alarms among users, who were urged to change their passwords to prevent unauthorized access to their accounts.
With deteriorating market conditions and internal issues, Pi Network faces the risk of losing trust among users and investors.
