PI Network Token Drops 17% to $0.0785 as Pioneer Selling Continues

PI, the native token of the Pi Network, dropped 17% on Monday, briefly reaching a new all-time low of $0.0785 amid reports that the project's pioneers are selling the digital asset. The decline was attributed to sustained selling pressure from early participants. The token's downturn reflects broader challenges in the cryptocurrency market, where Bitcoin and Ether have declined approximately 30% and 40% respectively in 2026, though PI's 60% year-to-date loss significantly exceeds the broader market's performance.

PI Token Records 60% Decline Since Start of 2026

Market data shows PI has declined approximately 30% since the beginning of the month and nearly 40% over the last 30 days. According to Coingecko data, PI is down by more than 60% since the start of 2026, making it one of the worst performers among tokens with a market capitalization exceeding $1 billion. Since hitting an all-time high of $2.99 in February 2025, PI has declined 97%.

Following the double-digit drop, PI's market capitalization fell to $880 million. Some observers noted that the token's price action highlights a trend: When Bitcoin rises, PI moves upward slowly, but when Bitcoin falls, PI drops much faster than the broader altcoin market.

Community Debates Token Performance and Exchange Listings

Some supporters expressed doubts about the project's prospects following the decline, while advocates on social media dismissed concerns about the token's slide. X user Onedeel acknowledged that there isn't enough demand to match the selling pressure, stating that "many apps and utilities are still being built, so the ecosystem hasn't reached its full potential yet."

An X user going by Dr Altcoin proposed listing PI on top-tier exchanges to address token unlocks. "To absorb the millions of Pi being unlocked and potentially entering the market, Pi Network now has only two options: Allow more Tier 1 exchanges, such as Binance and Coinbase, to list Pi [or] introduce a sustainable buyback-and-burn mechanism," the user wrote.

FAQ

What price did PI token reach on Monday?

PI token briefly dipped to a new all-time low of $0.0785 on Monday, representing a 17% decline.

How does PI's 2026 performance compare to Bitcoin and Ether?

PI is down more than 60% since the start of 2026, while Bitcoin and Ether have declined approximately 30% and 40% respectively during the same period.