- Pi Coin has plunged 85% from its peak amid delays in mainnet launch and KYC processes, shaking investor confidence.
- Despite a brief rebound above $0.60, experts warn it could still crash to $0.10 without urgent action from the Pi Network team.
After a staggering 85% plunge from its February high of $3.00, Pi Coin is teetering on a critical edge. With investor confidence shaken, delays in key project milestones, and growing fears of further downside, the big question looms — is now the time to buy the dip or brace for a crash to $0.10?
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Over the past 24 hours, Pi Coin has fallen by more than 20%, briefly touching a low of $0.44. This dramatic slide pushed it out of the top 30 cryptocurrencies by market cap. Investor frustration is boiling over, largely driven by Pi Network’s delayed mainnet launch and sluggish KYC (Know Your Customer) process — both vital components to the project’s credibility and real-world use.
Despite the gloom, a glimmer of hope has emerged. A strong rebound has seen Pi climbing back above $0.60, fueled by a spike in trading volume — up 80% to $840 million — and a renewed push from retail investors betting on a turnaround. However, analysts warn this could be a dead-cat bounce if the underlying issues remain unaddressed.
Why $0.10 Could Be Next
Experts point to four key risks:
- Mass Sell-Off Risk: With over 60 million users and billions of tokens in circulation, any surge in KYC completions could unleash massive selling pressure.
- No Major Exchange Listings: Without support from giants like Binance or Coinbase, Pi Coin lacks critical liquidity and market legitimacy.
- Weak Crypto Market Conditions: Broader market corrections, especially if Bitcoin dips below $70K, could accelerate losses for speculative coins like Pi.
- Limited Real-World Utility: Projects like PiFest and Zito Realty are a start, but unless the ecosystem shows scalable growth, utility remains a buzzword.
Meanwhile, partners like PiDaoSwap are shifting to Binance Chain due to regulatory hurdles within Pi’s network — a move that raises further concerns about Pi’s long-term viability.
Bottom Line: Pi Network needs urgent action from its core team to stabilize its price and regain community trust. While bargain hunters may see this as a buying opportunity, the risks remain high — and $0.10 is still very much on the table.
