The Pi Network’s native token, PI, plummeted 17% on Monday to an all-time low of $0.0785, driven by reports of long-term users dumping their holdings.
PI Token Plunges to All-Time LowPI, the native token of the Pi Network, plunged 17% on Monday, briefly dipping to a new all-time low of $0.0785 amid reports that the project’s so-called “pioneers” are dumping the digital asset. Market data shows that since the beginning of the month, PI has seen its value decline by approximately 30%, and nearly 40% over the last 30 days.
One X user, Onedeel, acknowledged that while there isn’t enough demand to match the selling pressure, the future looks good because “many apps and utilities are still being built, so the ecosystem hasn’t reached its full potential yet.”
