Pi Network Price Hits Record Low Amid Crypto Market Crash
pi Network’s price has hit a new low, falling to $0.1515. This is a significant drop from its peak this year, wiping out over $18 billion in value.
The decline aligns with the broader crypto market downturn, triggered by President Trump’s new tariffs on Chinese goods. An anonymous X account, Whale Guru, labeled Pi as “the biggest crypto scam,” echoing Bybit CEO Ben Zhou’s concerns. Zhou warned against listing Pi due to scam allegations, especially targeting older adults.
Technical analysis suggests further declines. the coin’s value has plummeted from nearly $3 in February to $0.20. The lack of major exchange listings, like Bybit, adds to its woes. The coin’s illiquidity and centralization issues contribute to its troubles. The Pi Foundation holds over 90 billion coins in unverified wallets, raising transparency concerns.
Chinese authorities have also flagged Pi as a potential scam.
Key points include:
- Pi Network price drops to $0.1515, a new all-time low.
- Over $18 billion in value lost since its peak this year.
- Chinese authorities warn against Pi,citing scams targeting the elderly.
Technical analysis shows Pi’s price in a strong downtrend.It has fallen from $3 in February to $0.20. The coin remains below key support levels, indicating further declines. The next critical point to watch is $0.10.
For more insights,check the Pi Coin price chart.
