Pi Network (PI) is facing one of its most significant price crashes. Pi Coin fell to a new all-time low of $0.07059 earlier today. The coin is down by 17.1% in the last 24 hours, 35% in the last week, and more than 45% over the previous month, according to CoinGecko data. Let’s discuss why the asset is crashing and where it could go next.
What’s Behind Pi Coin’s Crash To An All-Time Low?
Pi Coin’s latest dip comes amid a market-wide downtrend. Bitcoin (BTC) has been on a decline since May and has found some support at the $62,000 price level.
Pi Coin’s disastrous price correction, however, is likely due to massive token unlocks scheduled for the next few months. The project is set to unlock 130 million additional coins which would substantially increase the coin’s supply. Pi Coin has lost substantial demand, especially given the larger bearish market. Low demand and higher supply leads to price dips.
Can The Coin Recover?
The Pi Coin team have unveiled several new products and have launched significant protocol updates. The team has also celebrated major milestones for the project. The revealed three major infrastructure products at the recent Pi2Day event (June 28, 2026). The products aim to further expand the PI ecosystem.
While the developments are commendable, the larger cryptocurrency market may not allow for a big rally. Investors may de-risk in the coming days given the increased geopolitical tensions between the US and Iran. Oil prices have already surged and the chances of an interest rate hike are quite high. Higher rates may lead to investors moving away from high-risk assets, such as Pi Coin.
Also Read: Next Cryptocurrency Bull Run May Come In 2028: Prepare Now
Pi Coin is unlikely to make any positive price movements without the larger market. Bitcoin (BTC), in particular, needs to gain momentum for the larger market to generate steam.
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