Pi Network has outperformed XRP in a recent poll about cryptocurrency usage on Zypto VISA Cards, even as its market price continues to tumble. The poll, conducted online, asked crypto users to guess which digital currency was most used for topping up Zypto VISA Cards over the past week. The final results left many stunned, with Pi Network taking the top spot, followed closely by DASH. The newcomer USD1 secured third place, while XRP surprisingly finished last.
Poll organizers later revealed that DASH, which came very close to beating Pi Network this week, has actually topped the list in other weeks. This time, however, Pi managed to claim the number one position, while XRP recorded lower-than-usual activity for card top-ups, marking a noticeable dip in its usage within the Zypto community.
Pi Network Price Plunges Amid Market Sell-Off
Interestingly, this positive usage milestone for Pi Network comes at a time when its market performance is struggling. As of May 31, 2025, the Pi token’s price has plummeted by 22% in just one week, falling to $0.65. This sharp decline happened alongside a massive market-wide sell-off, where the global cryptocurrency market saw over $170 billion wiped from its total value within days.
The ongoing sell-off has triggered concerns about Pi Network’s future prospects. Several factors have contributed to this steep drop in price, including the absence of major updates or positive developments from the project’s team, and the fact that Pi Network still hasn’t secured listings on major crypto exchanges. This has kept liquidity low and discouraged institutional investors from getting involved.
What’s Next For Pi Network Price?
Analysts warn that if the selling pressure continues, Pi’s price could fall below its current support level of $0.55 and potentially touch a historic low of $0.40. While a strong buying response might push the price back up to $0.86, such a rebound appears unlikely unless the ongoing downtrend reverses.
Despite its price slump, Pi Network’s strong performance in real-world use cases like Zypto VISA Card transactions shows that the project still holds appeal among everyday users. However, the widening gap between its growing utility and falling token price raises tough questions about the long-term trust and confidence investors place in the project.
