Pi Network News: 125K Sellers at PiFest, Yet Pi Coin Nears All-Time Lows After 60% Drop

The post Pi Network News: 125K Sellers at PiFest, Yet Pi Coin Nears All-Time Lows After 60% Drop appeared first on Coinpedia Fintech News

The Pi Network’s Pi token has plunged below the $0.70 mark, now just a few cents shy of its all-time low of $0.6152. This sharp decline comes after the token lost 77% of its value since peaking at $2.98 in February, leaving investors questioning the future of their holdings.

While the broader crypto market enjoys a bullish streak—led by Bitcoin’s remarkable surge past $85,000 and Ethereum holding strong above $1,850—Pi’s downward trend seems to defy the tide.

The surprising drop follows the recent conclusion of PiFest 2025, the first-ever global commerce event powered by the Pi Open Network. Despite record-breaking participation—with over 125,000 registered sellers and 58,000 active merchants—the token’s value continues to slide. The event showcased real-world Pi usage, from cafes and boutiques to auto shops and freelance services, with more than 1.8 million Pioneers engaging in transactions via the Pi Wallets.

Why Is Pi Coin Price Struggling?

Analysts suggest that PI’s price drop may stem from investor uncertainty, despite PiFest’s success. Some argue that while the Pi ecosystem is expanding, the market remains cautious due to limited liquidity and ongoing concerns about the token’s long-term utility outside the Pi Network.

Furthermore, the absence of clear updates on the network’s financial health and strategic roadmap could be fueling skepticism among traders. While the event showed Pi’s growing role in local commerce, it seems that translating this into sustained price growth has proven challenging.

The Road Ahead

Despite the current downturn, the Pi Network’s leadership remains optimistic. The PiFest event underscored the token’s potential for real-world applications, with businesses worldwide adopting Pi for everyday transactions. As Pi continues to grow, many investors are holding on, hopeful that the network’s expanding ecosystem will eventually reflect positively on its price.

For now, the question remains: Can Pi regain its footing in a market dominated by bullish sentiments elsewhere, or is this just the beginning of a longer correction phase?