Pi Network’s PI Plunges: Who’s the Dummy Selling Now? 🤔💰

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TL;DR

  • Pi Network’s native token is on a rollercoaster ride straight down, marking another double-digit price plunge in the past 24 hours to an all-time low. 😱
  • This has left everyone scratching their heads, wondering who in the world is selling during these rocky times. 🤷‍♂️

Let’s just say the past few days haven’t exactly been a walk in the park for the cryptocurrency industry. Over $250 billion has vanished into thin air, making one wonder if the market decided to take a trip to the Bermuda Triangle. Bitcoin’s price took a nosedive to multi-week lows, dipping below $113,000, and many altcoins are looking like they’ve been through a meat grinder, crashing by 5-10%. But hey, when it rains, it pours, right? 🌧️

Yet, Pi Network’s native token seems to have found a way to make things even more interesting. It’s plummeted by 16% in just one day, and over 30% this month. Today, it hit a new all-time low of $0.34 (on CoinGecko), breaking the record it set yesterday. On some exchanges, the drop was even steeper, leading analysts like Moon Jeff to ponder aloud, “Who is still selling coins now?” 🤔

$PI broke below its previous low at 40 cents.
Now at 0.32.
I wonder who is still selling coins now. #Pinetwork
— MOON JEFF (@CRYPTOAD00) August 2, 2025

The price crash came hot on the heels of a massive token unlock period for Pi, where the daily release of coins often topped 10 million. According to data from PiScan, there might be a light at the end of the tunnel. In the next month, only two days will see more than 7.5 million coins released, with an average of 5.3 million. This is a significant drop from the 7+ million we saw in June and July. 📉

This reduction in token unlocks could ease the immediate selling pressure on Pi, potentially halting the freefall—at least for now. Fingers crossed! 🤞

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2025-08-02 09:55