Pi Network’s PI Token Faces Sharp Decline, Awaits Catalysts
Pi Network’s native token, PI, has seen a notable drop, falling to around $0.86 on May 16. This decline comes despite a major proclamation from the Pi Foundation.
On May 14, the foundation unveiled a $100 million venture fund. This fund aims to support startups in AI, gaming, fintech, and e-commerce. The goal is to enhance the real-world use of the Pi ecosystem. However, the market responded negatively, pushing the token down over 40% from its weekly peak of $1.57.
Many traders had hoped for a major exchange listing, which would bring liquidity and price finding. The absence of this listing likely triggered a “sell the news” reaction.
Technically, PI has breached the $0.89 support level. The relative strength index stands at 54, indicating neutral momentum. Short-term trends remain weak, but longer-term indicators show some strength.
Upcoming events could change the narrative. Dr. Nicolas Kokkalis, Pi Network’s founder, will speak at Consensus 2025. Rumors suggest the team may reveal a decentralization plan. The deactivation of the core node also signals a move toward an open system.
Speculation about exchange listings persists. Strong community support and wallet activity linked to Binance raise hopes for a major listing. This could boost liquidity.
Token supply remains a concern. An estimated 1.47 billion PI tokens will unlock over the next year, possibly putting downward pressure on the market. A token burn could help mitigate this.
If Pi Network delivers key updates at Consensus 2025 and confirms decentralization or listings, the price could recover above $1. Failing to meet expectations may push it toward $0.75.
