Did Pi Network Just Hit Rock Bottom or is It Just Stretching Its Crypto Legs? 🥴

by

The Pi Network token took a nosedive this week that would make a dramatic soap opera jealous, losing nearly half its value in just a few hours. 💔

Analysts are waving their hands in the air like they’ve just seen a spooky ghost, blaming a mix of structural weaknesses, leveraged trading liquidations, and, oh yes, a community that just lost its last marble for the chaos. 🤦‍♀️

Pi Network Liquidations Spark a Domino Effect (No, Not the Pizza Kind)

According to Pi Network Update, the collapse was like that one friend who starts crying at a wedding, triggered by leveraged futures liquidations that kicked off a cascade of forced sales. Cry me a river, am I right? 😢

Initially, it seems like the selloff started with a handful of PI coins changing hands on a tiny exchange-kind of like a garage sale gone extremely wrong. But the ever-thin liquidity was just enough to send the market into a full-on Olympic dive. 🌊

“The Pi Crash on a 1-minute chart. It’s never just one thing. Someone spilled their drink, and suddenly everyone’s on the floor!”- that’s what the network might be saying. It’s no surprise that until the system shakes out those OG miners and the billion un-migrated PI, the long-term trend looks more downward than your average Thanksgiving turkey. 🦃

As of this moment-or as we like to call it “today’s tragic comedy”-the PI coin price was sitting at a sad little $0.2751, down over 5% in just 24 hours. A real steep drop for a so-called heavyweight! 💸

The commentary takes a poke at a persistent pain point for Pi coin: a staggering number of tokens are locked up or, like a teenager with a messy room, just hanging around, not migrating anywhere. 🏠

This little issue keeps weighing down the sentiment like that last piece of cake you just can’t resist, leaving the project exposed to any and all sudden price shocks. 🎂

Some analysts are throwing comparisons out there like confetti, likening Pi to Bitcoin. Jatin Gupta, the ‘let’s say’ pioneer, has noted that while Pi mirrors Bitcoin’s corrections, it does so with a flair for the dramatic. Think Titanic, not a cozy rom-com. 🥲

“What the F is wrong with Pi?!” Gupta exclaimed while clutching his pearls. “I know Bitcoin’s gonna drop, but Pi? It’s just gonna plummet all the way to $0.18!! Seriously?!” That’s colder than a polar bear’s toenail. ❄️

This mirrors a growing concern that Pi just can’t keep up with the big kids and likes to fall apart faster and harder than a kid’s science project. 🧪

Pi Network Founders Show Up, Community Still Unimpressed

Isn’t it ironic? The crash happened right on the same day that the Pi Network’s two founders were making their grand entrance at a community event in Seoul. Talk about bad timing! 🎤

🚀 Some Glimpses from today’s $Pi x Sign Meetup in Seoul! 🇰🇷✨
The #PiNetwork community is growing stronger with every meetup 🌐💜
Building connections, sharing visions & shaping the Web3 future together.#PiCoin #Crypto #Web3 #PiCommunity #Pioneers

– MAHIDHAR CRYPTO (@Mahidhar_Crypto) September 22, 2025

While some folks left the meetup with optimism swirling in their heads, that positivity didn’t pull up the token price by even a penny. 👎

Critics like Mr. Spock (not the one from Star Trek) laid down the raw truth, pointing out that there’s a massive disconnect between Pi’s cozy community narrative and the cold, hard trading reality. Like a fairytale gone wildly wrong. 📉

“This is why Pi Network is failing. It’s a community project, yet the community doesn’t believe Pi’s real on exchanges. It could crash to zero. So, I’m kind of done promoting it,” lamented Mr. Spock with a sigh. Live long and prosper? More like live short and suffer. 🖖

The episode illustrates Pi Network’s delicate balance. Despite having an active community and now some public visibility for its leaders, the token still finds itself in a precarious position, caught between thin liquidity and creeping speculation. 😬

The real question for those long-time miners and holders is-can Pi go from being a headline to an actual *thing*? The market’s sentiment is making it clear: hope isn’t knocking. 🚪

Until the network addresses its structural hiccups, the long-term trend looks about as promising as a diet soda. But hey, investors! Get out there and do your own research. Your future self will thank you. 📚

Read More

2025-09-23 12:28