Pi Network Faces Decline Amid Market Uncertainty

TLDR

• Pi token price fluctuates between $0.1960 and $0.21.
• Market cap has dropped below $2 billion amid concerns.
• 2 million PI tokens transferred from Core Team’s reserve wallet.

The Pi Network is reportedly facing a potential downturn, as recent reports suggest a gradual decline in demand and purchasing activity. Reports indicate no primary confirmations of a 20% crash for November 2025, although some secondary reports discuss a possible slowdown in whale purchases. However, there is no direct evidence to substantiate these claims.

Pi’s market behavior has shown downward trends, with the token price currently fluctuating between $0.1960 and $0.21. This comes after a significant drop from its peak of approximately $3 in February 2025. The main reasons cited for this decline are centralization issues and scheduled token unlocks increasing the circulating supply.

Token Movements and Reserve Transfers

Recent reports have highlighted the transfer of 2 million PI tokens from the Core Team’s reserve wallet. This follows a larger transfer of 50 million PI that occurred in September 2025. The earlier transfer is said to have caused sell pressure, contributing to price fluctuations.

Current reports suggest there are less than 48 million PI remaining in the reserve after these transactions. It’s important to note that these transfers are considered significant due to their potential impact on market liquidity and investor sentiments. Analysts continue to monitor the situation, albeit without new primary data from the Pi Network founders.

Broader Market Impact on Pi’s Position

The Pi token’s price correlation with broader market trends remains evident as altcoins, including Dogecoin and Cardano, also show negative growth patterns. Analysts have not directly linked these market-wide downturns to Pi’s current situation but consider the fragile market sentiment instrumental in influencing price behavior.

Although Pi’s market cap has decreased significantly, dropping below $2 billion, there is no confirmed causation from cross-market dynamics affecting Pi beyond its internal issues. Its status as a “ghost chain” with low operational activity contributes to this precarious position, as highlighted by several secondary reports.

Future Prospects and Developments

Pi Network aims for a gradual transition to its Open Mainnet by 2026. Secondary reports mention potential app integrations and improvements to the Know Your Customer (KYC) process. Nonetheless, there is no official timeline from the network’s primary sources to predict these developments.

Efforts like the application for Markets in Crypto-Assets (MiCA) approval in Europe aim to aid in exchange listings and regulatory compliance. Still, these efforts have yet to yield tangible outcomes to benefit Pi’s standing in global markets. The recent acquisition investments by Pi Network in platforms like OpenMind and CiDi Games show a diversification strategy, though specifics around financial impacts remain unclear.