The once-hyped Pi Network, with a 60 million user base, is now facing its biggest test yet. In just one week, Pi Coin has crashed over 20%, slipping out of the top 30 cryptocurrencies, and is currently trading near $0.44—an 85% plunge from its February high of $3. With panic selling in full swing, analysts warn it could dip as low as $0.10 if the issues aren’t resolved fast.
Why Pi Coin Price is Dropping?
One big reason for the drop is the delay in launching the Pi mainnet, which was supposed to take the project from test mode to full operation. On top of that, the KYC (Know Your Customer) process is still stuck for many users, creating frustration among early adopters who can’t access their coins or trade freely.
This growing uncertainty has caused Pi’s daily trading volume to spike to $500 million, showing just how many people are dumping their tokens. Unfortunately, top exchanges like Binance and Coinbase are still avoiding Pi Coin, which limits its credibility and exposure. Instead, it remains confined to smaller platforms such as OKX and Gate.io. Binance listing is what everyone was waiting for as it would have given instant credibility to the project.
Adding to the sentiment, PiDaoSwap, a project within the Pi ecosystem, is struggling to get its business approvals. With no green light in sight, they’ve had to shift their NFT launch to Binance Chain, raising doubts about Pi Network’s actual utility. Meanwhile, other projects like Zito Realty and PiFest have failed to build momentum, making the ecosystem look weak and underdeveloped.
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Bybit CEO Ben Zhou called Pi Network a scam, pointing to a Chinese report that claimed it was designed to deceive elderly people.
Can Pi Coin Price Drop to $0.10?
Experts are warning that if current trends continue, Pi could crash another 60% to $0.10. They point to four main reasons behind Pi’s ongoing crash are excessive sell-off risk from unverified users, lack of major exchange listings, broader crypto market weakness, and a lack of real-world usage. With over 6.7 billion tokens already in circulation and a maximum supply of 100 billion, fears of dilution are rising quickly.
After peaking at $2.99 in February, the token has now dropped over 80%, and the RSI is under 25, signaling serious underselling. Hence, it seems there is little hope for a rebound, especially with global economic uncertainty exacerbating the situation.
If the core Pi team doesn’t step up soon by accelerating KYC, pushing mainnet live, and attracting real partnerships, the project could face a total collapse in trust. For now, Pi’s future is hanging by a thread, and $0.10 might not be too far off.
To sell Pi Coins, first complete KYC, migrate to the mainnet, and set up your Pi wallet securely. Choose a supported exchange like OKX, verify your account with ID and address proof, then transfer Pi from your wallet to the exchange using the correct deposit address. Once confirmed, navigate to the PI/USDT pair, select a market or limit order, enter the amount, review details, and confirm the sale. Always double-check all info before proceeding.
Pi Coin has sparked controversy, with many experts warning it may be a scam. Despite a large user base and recent mainnet launch, it’s been criticized for its referral-based growth, long delays, lack of utility, and centralized control. Major exchanges like Binance avoid it, while Bybit’s CEO called it a scam. Regulatory warnings in China and Vietnam also raise red flags. While not officially declared a scam, users are urged to proceed with extreme caution.
