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07/06 09:25

Pi Network Price at All-Time Lows: Dead Project

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Pi Network Price at All-Time Lows: Dead Project or Most Misunderstood Coin? Pi Network’s native token PI is trading at $0.1134, just 1.8% above its all-time low of $0.1114, and down approximately 96% to 97% from its peak. The token is hovering at one of the most precarious price levels in its history, reigniting a debate that has divided the community for months: is PI a dead project, or is this the quiet before a structural breakout? Why the Selling Pressure Keeps Building The core bearish argument centres on tokenomics rather than technology. Every month, large quantities of PI tokens are unlocked and released to early miners who acquired them at essentially zero cost. These holders have little financial incentive to hold and every reason to sell, regardless of price level. People who mined for free do not care whether they exit at $0.10 or $0.05. The cost basis is zero, and the selling continues. The token can still produce violent short-term moves. Futures markets have built significant short positions due to the sustained downtrend, creating conditions for periodic short squeezes where whale buying can push prices sharply higher. However, any such pump would likely be temporary given the heavy overhead supply from miners waiting to exit. The Bull Case: Foundation Over Price Not everyone watching PI is focused on the near-term chart. Commentator BenX argued that PI has been building through one of the quietest phases in crypto, pointing to mainnet deployment, ecosystem development, and millions of users remaining engaged without any price catalyst driving them. “Pi has been building through one of the quieter phases in crypto. No massive price catalyst, just mainnet, ecosystem growth, and millions of users staying engaged,” he wrote. “When the market cycle turns up for real, that kind of foundation matters more than

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