The Pi Network's native token, PI, has dropped 9% in the past 24 hours, bringing it close to a new all-time low below $0.07. The token is currently trading around $0.075, after briefly dipping under $0.074. This latest slide follows a pattern of rejection and decline that has left market sentiment deeply pessimistic.
Price action and sentiment
Two weeks ago, PI broke below the $0.10 mark and hit a new all-time low at $0.07 before recovering back to $0.10. That bounce was short-lived. The token was rejected from $0.10 and dropped to $0.08, then broke below $0.074 in the past 24 hours. Over the past week, PI has lost 19% of its value.
Ben, co-founder of BSCNew, described the mood around the token as “as washed out as I have seen it.” He noted that despite the price action, his position remains unchanged. “I’m focused on the shipping cadence more than the weekly candle,” Ben said, adding that “the cadence is accelerating.”
Core team keeps building
The Pi Network Core Team continues to deliver updates, redesigned apps, and protocol upgrades. While the token price has struggled, the development side has not slowed. Ben pointed to the team’s output as a reason to stay the course, even as the market turns bearish.
Pi Town, a Pi Network news account, remains supportive of the team and unfazed by the price decline. The account has continued to share project updates and encourage the community to focus on the long-term vision rather than short-term price swings.
What’s next for PI
The key level to watch is $0.07. If PI breaks below that, it would mark a new all-time low and could trigger further selling. On the other hand, a bounce from current levels would need to reclaim $0.08 and then $0.10 to change the narrative. For now, the market is waiting to see whether the core team’s accelerating development cadence can eventually translate into price support — or if the token will test new lows first.
