- Pi Network’s PI token has plunged to a new all-time low of $0.34 after a 16% drop in 24 hours, driven by heavy selling and massive token unlocks.
- Upcoming reductions in daily token releases may ease the pressure and offer short-term relief.
Pi Network’s native token, PI, has taken another harsh beating, diving 16% in just 24 hours to reach a new all-time low of $0.34. This drop marks a more than 30% loss in the past month, and the situation has raised eyebrows in the crypto space, with experts questioning who is offloading their holdings so aggressively during such a bearish market phase.
Sell Pressure Mounts Amid Wider Crypto Crash
While the broader crypto market has also suffered — with Bitcoin falling below $113,000 and over $250 billion wiped from the total market cap — Pi’s downturn is far more severe than most altcoins. Many in the Pi Network community are left puzzled and concerned as the token continues its relentless descent, reaching lower lows each day.
On some exchanges, PI’s value has plummeted even further than the $0.34 reported by CoinGecko, intensifying speculation about large-scale dumping. Analysts like Moon Jeff are questioning the motives behind these sellers, especially given the already depressed market.
$PI broke below its previous low at 40 cents.
Now at 0.32.
I wonder who is still selling coins now. #Pinetwork pic.twitter.com/2nKUvv7LdL— MOON JEFF 🪐 (@CRYPTOAD00) August 2, 2025
Pi Network Token Unlocks Likely Fueling the Slump
A major contributor to the freefall appears to be the ongoing token unlock schedule. Over the past few weeks, more than 10 million PI tokens have been unlocked daily — flooding the market and overwhelming demand.
Pi Network’s PI token plunged to a new all-time low of $0.34 after sellers drove the price down 16% in 24 hours during massive token unlocks. Reduced daily token releases in the coming weeks may ease selling pressure and provide short-term relief.
Can Reduced Unlocks Slow the Fall?
While this upcoming reduction in token unlocks could ease short-term sell pressure, it remains uncertain whether it will be enough to stabilize PI’s price. The market will be watching closely to see if fewer tokens on the market can stop the token’s descent — or whether the downward spiral will continue.
For now, PI holders can only hope that the reduced unlock schedule offers some breathing room in what has been a brutal stretch for Pi Network.
ALSO READ:Pi Network Pre-Migration vs Post-Migration Lockups Guide
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