Pi Network Price Drops to Record Low as Valor Pi Fund Stalls
Background
Pi Network price is facing sustained downward pressure, with the PI token currently trading at $0.2085, according to Crypto.news. This marks a decline of over 90% from its all-time high. Recent months have witnessed spot-market volume dropping sharply, and Pi Network’s market capitalization has decreased to about $2.8 billion. Factors contributing to this bearish trend include ongoing token unlock events, high token centralization, a lack of clear utility, and heavy selling activity from early adopter “pioneers.”
Market Reaction
Liquidity remains a significant issue for the Pi token. Major cryptocurrency exchanges, both tier-1 and tier-2, have largely avoided listing it, leading to low trading volume and market participation. Questions about Pi Network’s decentralization persist, and some industry figures—including the CEO of Bybit—have publicly questioned the project’s legitimacy. Meanwhile, major project announcements failed to spark positive momentum. The unveiling of a $100 million ecosystem fund and the launch of an AI studio designed to help developers build chatbots did not prevent the price from falling further.
In addition, Pi Network’s exchange-traded product, the Valor Pi Fund, has struggled to attract investor interest. The fund, launched last August, currently reports assets of just SEK 28,337 (around $3,000), a decrease from $3,400 as of September 25. This suggests diminishing interest among potential backers. Data indicates that Pi Coin now trades well below its lower falling wedge pattern—a frequently watched technical formation that often signals a possible trend reversal, but not in this case.
Technical Indicators and Future Outlook
Technical analysis shows Pi Network price remains under intense selling pressure. The coin trades below its 50-day exponential moving average, and momentum indicators like the Relative Strength Index (RSI) confirm oversold conditions. The Moving Average Convergence Divergence (MACD) indicator is also in negative territory. Given the lack of positive catalysts and weak demand, analysts consider the most likely scenario to be further price declines. However, any news of a token burn event or a major exchange listing could potentially trigger a rapid short-term price surge. Crypto.news cautions that “the main risk of shorting Pi is that it could surge by more than 100% within minutes” following such events.
What’s Next for Pi Network
With major exchanges remaining cautious and investor interest in its ETP product waning, Pi Network price could face continued downward pressure. Developments such as the rollout of new utility features or external listings may offer some upside potential. However, the project’s centralized structure and reduced market activity present ongoing hurdles. Market participants will be closely watching for announcements regarding any further network initiatives or exchange partnerships.
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