Pi token drops 17% to record low after pioneer sell-off
Pi’s token PI tumbled 17% on Monday to $0.0785 after reports that long-term users known as pioneers were selling large holdings.
PI, the native token of the Pi Network, fell 17% on Monday to an all-time low of $0.0785. The decline followed reports that long-term users, known within the community as pioneers, had been selling significant amounts of the token. After the drop, PI’s market capitalization was about $880 million.
Market data show PI has been under pressure this month, down roughly 30% since the start of the month and nearly 40% over the past 30 days. Platform data indicate PI is down more than 60% since the start of 2026 and about 97% below its February 2025 peak of $2.99. Those moves place PI among the weakest performers in the group of tokens with market capitalizations above $1 billion.
The broader cryptocurrency market has also weakened in 2026. Bitcoin and ether have fallen by roughly 30% and 40% respectively so far this year. Historical price patterns show PI often rises more slowly during bitcoin rallies but falls more sharply when bitcoin drops.
Reports tied the recent selling to scheduled token unlocks that expanded the supply available to trade. Some market participants argued those unlocks added selling pressure that current demand could not absorb. A user on X using the handle Dr Altcoin suggested listing PI on more top-tier exchanges or implementing a buyback-and-burn mechanism to help absorb new supply, writing: “To absorb the millions of Pi being unlocked and potentially entering the market, Pi Network now has only two options: Allow more Tier 1 exchanges, such as Binance and Coinbase, to list Pi [or] introduce a sustainable buyback-and-burn mechanism.”
Supporters responded on social media by pointing to ongoing development in the Pi ecosystem. A user known as Onedeel wrote that while selling pressure has outpaced demand, the outlook remained positive because “many apps and utilities are still being built, so the ecosystem hasn’t reached its full potential yet.”
The market reaction has prompted renewed discussion among participants about the network’s path to wider adoption and potential measures to stabilize PI’s price while new tokens enter circulation.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
