Pi Network price plummets to $0.35! Is this a buying opportunity or the end of the world?

Jakarta, Pintu News – Pi Network (PI) has seen its price drop by 14% in the last 24 hours, following a broader decline in the crypto market and a high number of failed transactions. Currently, Pi Network’s market capitalization still stands at $2.72 billion according to CoinMarketCap, but investor confidence is fading.

Causes of Pi Network Price Drop

The Pi Network (PI) price drop is due to several factors. First, the crypto market in general experienced a downturn following Donald Trump’s tariff regulations that came into effect on August 1. Secondly, the Pi Network experienced many failed transactions, reaching 58% of the total 200,000 transactions per day.

Data from PiDoor shows that only 122,000 transactions were successful, while 88,300 others failed. In addition, the total number of transactions also decreased from July to August.

In addition, pressure from the release of PI coin locks also contributed to the price drop. According to data from PiScan, nearly 5 million PI tokens-worth about $1.73 million-are currently in circulation. In the next thirty days, an additional 159 million PI tokens, representing about 2.1% of the total supply, are scheduled to be unlocked. This adds to the selling pressure in the market.

Also Read: 5 Crypto that Can Bring Bigger ROI than Bitcoin: Analysts’ Picks?

Market Dynamics and Community Sentiment

Market dynamics showed that Pi Network’s trading volume increased to $159 million, which was most likely driven by selling pressure. The Profile of the Visible Range (VPVR) Volume indicator shows that the $0.44 to $0.50 zone was the most traded zone earlier.

However, with the Bollinger Bands opening after a month of squeezing, indicating increased volatility and the potential for further price declines. Community sentiment has also declined along with decreased ecosystem activity and limited progress in migration to the mainnet.

Pi Barter Mall, one of the community members, expressed his dissatisfaction on X (formerly Twitter), saying, “How can we lock in value when there is no guarantee of value?” This shows the deep concern among PI holders about the future of this digital asset.

Pi Network Price Outlook

Although Pi Network’s price is currently at $0.35, technical analysis shows that this price level has previously resulted in a 70% increase. However, with community confidence waning, price recovery could be a major challenge.

A “whale” has bought over 331 million PIs worth $148.5 million, anticipating price movements similar to the past, but whether this is enough to reverse the current trend is still a big question.

Conclusion

With the various challenges faced by Pi Network, the future of the PI price is still full of uncertainty. Investors and token holders may need to prepare for further periods of volatility, while keeping an eye on ecosystem development and community response to Pi Network’s long-term strategy.

Also Read: 5 Crypto Ready to Pump After Bitcoin Consolidates in August 2025, Don’t Miss Out!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Pi Network hits $0.35, can it recover after dropping 14%?. Accessed on August 4, 2025