Pi Network Faces Harsh Market Correction as $PI Hits All-Time Low

The cryptocurrency market witnessed a sharp downturn for Pi Network this week, as its native token $PI plunged nearly 10% within 24 hours, reaching a new all-time low of $0.2221 on October 8, 2025. This marks the continuation of a three-month decline that has erased more than $18 billion in market capitalization since February, pushing Pi out of the top 50 crypto assets by market value.

The drop has triggered widespread concern among investors and analysts, with many pointing to increased selling pressure and large exchange deposits as key indicators of market sentiment. According to data shared by Twitter user @piopennetwork, two major deposits—532,000 and 473,000 PI—were recorded on exchanges, suggesting that holders may be preparing to liquidate positions.

A Prolonged Downtrend

Pi Network’s recent performance reflects a broader cooling in speculative interest across the crypto sector. After a strong start to the year, $PI has struggled to maintain momentum amid macroeconomic uncertainty, regulatory scrutiny, and shifting investor priorities.

The token’s decline over the past three months has been steep and consistent, with few signs of recovery. Technical indicators now show that $PI’s Relative Strength Index (RSI) has fallen below 30, a level typically associated with oversold conditions. While this could signal a potential rebound, market sentiment remains cautious.

Exchange Activity and Selling Pressure

The spike in exchange deposits is one of the most concerning developments for Pi Network. Large transfers of tokens to exchanges often precede sell-offs, as holders seek liquidity or attempt to exit positions before further declines.

The combined deposit of over one million PI in recent days has intensified fears of a sustained bearish trend. Analysts are closely monitoring the $0.20 support level, which could serve as a psychological and technical floor. A breach below this threshold may trigger additional selling and further erode investor confidence.

Community Reaction and Developer Response

The Pi Network community, known for its grassroots engagement and long-term vision, has responded with a mix of concern and resilience. While some users express frustration over the price action, others emphasize the project’s fundamentals and ongoing development efforts.

Developers have yet to issue a formal statement regarding the price drop, but internal sources suggest that work continues on expanding the Pi ecosystem, including decentralized applications (dApps), merchant integrations, and utility enhancements for Picoin.

Broader Market Context

Pi Network’s decline is not occurring in isolation. The broader crypto market has faced headwinds in recent months, including tightening monetary policy, declining retail participation, and increased competition among layer-1 platforms.

However, Pi’s unique model—centered on mobile mining, identity verification, and community governance—still holds promise. The challenge lies in translating these strengths into sustained market performance and real-world adoption.

📉 Pi Network Hits All-Time Low 🚨
On Oct 8, $PI crashed ~10% in 24hrs to $0.2221, marking 3 months of declines. 😱 Down >$18B in market cap since Feb, now out of top 50 cryptos. Selling pressure spikes with huge exchange deposits (532K & 473K PI). 📊 Analysts watch $0.20… pic.twitter.com/fSU76fQhLY

— Pi Open Mainnet (@piopennetwork) October 10, 2025

Outlook and Recovery Potential

Despite the current downturn, some analysts believe that Pi Network could rebound if key support levels hold and utility-driven demand increases. The oversold RSI reading may attract short-term traders looking for a technical bounce, while long-term holders may view the dip as a buying opportunity.

Much will depend on the network’s ability to deliver on its roadmap, including the launch of its open mainnet, expansion of its developer ecosystem, and integration of stable value mechanisms like PiUSD and PiGCV.

Conclusion

Pi Network’s recent price crash underscores the volatility and complexity of the crypto market. As $PI struggles to find a bottom, investors and developers alike must navigate a landscape shaped by sentiment, utility, and macroeconomic forces.

Whether this marks a temporary setback or a deeper correction remains to be seen. What is clear, however, is that Pi Network’s next moves will be critical in determining its place in the evolving web3 economy.

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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