The Native token of the Pi Network, known as PI, saw a significant drop of 17% on Monday, hitting an unprecedented low of $0.0785. This decline comes as long-term users of the platform reportedly began selling off their investments.

Throughout July, PI has lost around 30% of its value, and over the past month, the token has depreciated nearly 40%. The overall market conditions have not been favorable, with major cryptocurrencies like Bitcoin and Ethereum also experiencing substantial losses of approximately 30% and 40% respectively. However, PI's fall has been even steeper, with a staggering 60% decline since the start of the year.

Previously, PI reached a peak of $2.99 in February 2025. Since then, it has plummeted by 97%, which has raised serious concerns about the future of the project. Following this recent downturn, PI's market capitalization has slipped to $880 million, prompting discussions among supporters regarding its viability. While some have voiced skepticism, dedicated enthusiasts maintain that the network still has untapped potential.

One user on X, identified as Onedeel, remarked that there is currently a mismatch between the demand for the token and the selling activity, but expressed optimism about future developments as new applications are being created within the ecosystem.

However, as time goes on without significant returns, frustrations are mounting. Observers have pointed out a troubling pattern: when Bitcoin's price rises, PI slowly follows suit, but in a downturn, PI's decline is far more rapid than the broader altcoin market.

In an effort to stabilize the situation, another user known as Dr Altcoin suggested that listing PI on prominent exchanges could mitigate the effects of token unlocks. He emphasized that the Pi Network needs to either facilitate listings on major platforms like Binance and Coinbase or develop a sustainable buyback-and-burn strategy to manage the influx of tokens into the market.

This content is for informational purposes only and should not be considered financial advice.