The price of Pi Network's token has plummeted again, hitting a record low of $0.54. This decline comes amidst project criticism and questions about its future.
Token Price Decline
The price of Pi Network's token has fallen to a record low of $0.54 after previously surging to $3, which it reached in late February 2025. In the past 24 hours, the token has dropped by 16% and is now 81.5% lower than its all-time high.
Project Challenges
The price decline occurred after a former supporter labeled Pi Network a 'slow rug pull'. Analysts point to a lack of transparency from the development team and large exchanges' reluctance to list the token. Experts like Dr. Altcoin note that with such a low price, the Pi community struggles to utilize DApps in the ecosystem.
Future Prospects
In light of the continuous price drop, discussions are underway about actions like burning billions of tokens from Pi Foundation wallets to potentially boost the token's value. However, programmers and analysts believe that without transparency regarding the team and proper tokenomics, the project will struggle to regain its value.
The situation surrounding Pi Network and its token remains tense, and only time will tell if the project can overcome its current challenges and restore investor interest.
