rewrite this title and make it good for SEO Pi Network (PI) Hits New All-Time Low

The Pi Network’s native token, PI, has tumbled to a fresh all-time low of $0.32, signaling a deepening crisis for the once-hyped project. After months of stagnant progress and limited exchange support, the price briefly rebounded to $0.36 but continues to hover dangerously close to its newly established floor.

Pi Network Hits $0.32 Amid Broad Sell-Off and Mounting Token Supply

The fall below $0.4 of the PI token — a key historical support zone — triggered fears of a broader breakdown. Technical analysts now eye $0.26 as the next plausible target unless buying momentum strengthens.

The price of Pi will likely continue to decline until the end of August, after which it may slowly start to recover. I previously predicted it could drop to $0.40—unless the Pi Core Team becomes transparent. No investor wants to put money into something where the founders refuse… pic.twitter.com/KEvAwOyhX9

— Dr Altcoin (@Dr_Picoin) May 28, 2025

The sharp decline comes amid a flood of newly unlocked PI tokens entering the market. In August alone, an estimated 160 million PI tokens—worth approximately $68 million—are scheduled for release, drastically increasing selling pressure.

Simultaneously, on-chain data shows a troubling trend: daily active addresses have been steadily declining. Many early adopters have moved on, disillusioned by slow progress post-mainnet launch and a lack of meaningful product updates. User activity evaporation strips the token of grassroots momentum, leaving it vulnerable to continued downward pressure.

Insider Dump Allegations Spark Community Outrage

The situation worsened in May, when crypto investigator Atlas alleged a massive $8 billion insider dump. According to Atlas, more than 12 million PI tokens were offloaded by wallets linked to the Pi Core Team at the height of the price surge—just before PI plummeted by over 56%.

This alleged dump, timed precisely with the market downturn, sparked a wave of community outrage. Shockingly, only seven wallets associated with the team were traceable, while over 10,000 others are rumored to be under their control. Atlas dismissed the team’s claim that the movements were part of a testnet-to-mainnet transition, citing a suspicious lack of transparency.

At the same time, on the day of the alleged dump, another 5.7 million PI tokens were unlocked and moved to centralized exchanges. Now, exchange balances have soared to an all-time high of 397 million PI—adding fuel to the fire and deepening concerns about further sell pressure.

Market Sentiment Shifts as PI Struggles for Exchange Traction

Unlike many altcoins that have ridden the broader market’s recent rebound, PI has remained isolated. The token still lacks full listing on major centralized exchanges such as Binance, Coinbase, due to questions about its issuance model and regulatory structure. It trades primarily in P2P and grey market environments, leaving most liquidity fragmented and opaque.

With rising CEX balances — typically a sign of investor preparation to sell — the near-term outlook grows increasingly grim.

For more: Binance’s Shocking Move: Opens Community Consultation on Listing Pi Network

Whale Accumulation Sparks Hope Amidst Chaos

In a stark contrast to the prevailing bearish sentiment, a single whale wallet, identified as GAS…ODM, has been quietly accumulating a massive position. Reports from several crypto outlets confirm that the wallet has amassed over 331 million PI coins—valued at approximately $148 million—over the last three months. Accumulation occurred despite the token’s price dropping by over 70% from its peak.

The whale’s activity has involved consistent withdrawals from exchanges such as OKX, MEXC, and Gate.io, which suggests a strategic long-term accumulation rather than short-term trading. While the identity of the whale remains unconfirmed, speculation is rife that it could be a strategic investor preparing for a major exchange listing or a market participant attempting to counter the ongoing token unlock pressure.

Still, others warn the move could be a temporary reaccumulation before another exit.

Ecosystem Developments and Future Outlook

Despite its market struggles, the Pi Network project is not stagnant. The team is moving forward with its roadmap, which now includes the Pi Wallet’s new functionality that allows U.S. users to purchase PI with fiat currency via Apple Pay. The project is also incentivizing users to “lock up” their tokens to reduce the circulating supply and help stabilize prices.

However, a lack of listings on top-tier centralised exchanges like Binance and Coinbase continues to hinder the token’s full potential. The absence of these listings limits liquidity and market access, leaving the token to trade primarily in fragmented, grey market environments. Combing the issue with questions about the project’s regulatory structure, continues to be a major hurdle for broader adoption and price recovery.

The road ahead for Pi Network remains uncertain. For the token to reclaim its previous highs, it must overcome its technical challenges, restore community trust, and, most importantly, secure full listings on major exchanges to attract the liquidity it needs. Until then, the project exists in a state of contradiction: a massive user base and a developing ecosystem on one side, and a struggling token price on the other.