Pi Network Token Nears All-Time Low Amid Market Downturn
The native token of Pi Network is experiencing a significant downturn, mirroring the broader cryptocurrency market’s struggles. The token’s price has fallen sharply, approaching its all-time low recorded in February, despite recent project developments and the release of new games aimed at its user base, known as Pioneers.
The past week has been particularly challenging for cryptocurrency markets. Bitcoin (BTC) saw a substantial drop to just over $65,000, while Ethereum (ETH) plunged to $1,800. Most altcoins have followed suit, and PI has not been an exception. The token has declined by 22% over the past month, reaching $0.136 earlier today, its lowest point since February.
In February, PI faced repeated rejections at the $0.20 mark, leading to an all-time low of $0.1312. The subsequent month saw a significant recovery, with PI more than doubling in value by “PiDay 2026” (March 14) after its listing on Kraken. However, this surge proved to be a classic “sell the news” event, followed by a substantial crash to below $0.18.
Today’s drop below $0.14 occurred amidst sustained selling pressure and the loss of several key support levels, including $0.18 and $0.16.
Data from PiScan indicates that the average daily number of tokens scheduled for release in the coming month is relatively modest, around 5.4 million. However, certain days are expected to see unlockings exceeding 10 million tokens, with one day slated for 16 million. These substantial unlocks could potentially intensify immediate selling pressure and contribute to further price declines.
In parallel with these market movements, CiDi Games, a company within the Pi Network Ventures portfolio, recently announced the upcoming launch of new games for Pioneers. A portion of these games has already been made available.
CiDi Games aims to provide Pioneers with new avenues to utilize Pi through gaming, while simultaneously expanding the Pi ecosystem with infrastructure designed to support a growing number of games and developers over time.
The newly released games include:
- Coin Whack, an arcade roguelike.
- Fruit Stack, a match-3 fruit puzzle.
- Gemnova, a cosmic match-3 adventure.
- RainbowCubes, a colorful elimination puzzle.
Separately, the Pi Network Core Team recently confirmed the successful deployment of protocol update version 23. The next update, version 24, was anticipated to be completed by June 2, though official confirmation was pending at the time of reporting.
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