Pi’s Party: 200 Million Guests Crash the Price Bash

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The Pi Network, that grand experiment in digital hope, has stumbled into its first Open Network anniversary like a man who’s had one too many at the county fair. No fireworks here, just the faint smell of burnt expectations.

In the past week, Pi has taken a tumble, dropping more than 6%, followed by a Monday slide that felt like a drunkard’s lurch-another 4%. Now, it’s trading near its all-time low, hovering around $0.1300. For a project that’s supposed to be celebrating, the price chart looks more like a wake than a party.

The question on everyone’s lips, though no one’s saying it out loud, is this: if the ecosystem’s growing like a weed, why’s the price acting like it’s got nowhere to go but six feet under?

Big Numbers, Bigger Promises

In their anniversary update, the Pi Core Team talked a big game, like a farmer boasting about his crops while the barn’s on fire. Infrastructure, expansion, progress-they threw every buzzword but the kitchen sink at us. Market performance? Not a peep.

Here’s what they’re crowing about:

  • Over 16.2 million users have migrated to mainnet, with more than 10 million of those in 2025 alone. (That’s a lot of folks betting on a horse that’s not quite out of the gate.)
  • Around 17.7 million users have completed KYC verification. (Because nothing says trust like handing over your ID to a digital ghost.)
  • The network now hosts 300+ mainnet apps, including over 100 launched this year. (Apps, apps everywhere, but not a drop of value to drink.)
  • More than 421,000 active nodes are securing the network. (That’s a lot of nodes, but are they securing the network or just standing around looking busy?)
  • The Map of Pi shows 148,000 sellers and 2.1 million users transacting locally. (Local transactions, huh? Sounds like a garage sale with higher stakes.)
  • Over 111 million Pi have been staked to support app rankings. (Staking, the digital equivalent of crossing your fingers and hoping for the best.)

On paper, it’s a regular utopia. Developers are busy as bees, hackathons are buzzing, and AI tools are being thrown in like confetti. But the market? The market’s sitting in the corner, arms crossed, muttering, “Impress me.”

And so far, it ain’t impressed.

Supply Pressure: The Elephant in the Room

One reason for the slump might be liquidity-or the lack thereof. Mainnet migration’s back in business, and with it, a flood of Pi tokens onto centralized exchanges. Within days, 200 million Pi tokens waltzed into exchange wallets. That’s not a trickle; that’s a tsunami. And tsunamis don’t exactly scream “buy the dip.”

To add insult to injury, foundation-linked wallets saw tens of millions of Pi in outflows over 24 hours. For traders, that’s like seeing a rat leave a sinking ship-not exactly a vote of confidence.

As it stands, Pi’s under more pressure than a grape in a wine press. It’s trading below its 50-day EMA near $0.1758, keeping the trend as bearish as a grizzly in winter. The key level to watch is $0.1533. If it closes below that, we might as well start digging toward that record low near $0.1300.

So, here’s to Pi Network’s anniversary-a celebration of big dreams, bigger numbers, and a price that’s got nowhere to go but down. Cheers to that.

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2026-02-24 09:02