Pi Network (PI) has crashed to a new all-time low of $0.07059, falling 17.1% in 24 hours, 35% in the past week, and over 45% in the last month, according to CoinGecko data. The severe price drop is attributed to looming token unlocks of 130 million coins set for the coming months, which will significantly increase supply amid weak demand and a broader market downturn. Bitcoin’s decline since May and rising geopolitical tensions between the US and Iran are compounding selling pressure, making a near-term recovery unlikely without a broader market catalyst.
Pi Network (PI) has recorded one of its most severe price declines, with its token falling to a new all-time low of $0.07059. The asset is down 17.1% in the last 24 hours and more than 45% over the previous month, according to CoinGecko data.
The crash is primarily driven by scheduled token unlocks of 130 million additional coins in the next few months. This supply increase, paired with low demand from the broader bearish market, has pushed prices lower.
Bitcoin (BTC) has been declining since May and is currently finding support around $62,000. Pi Coin’s price correction has been exacerbated by the lack of buying pressure in the wider crypto market.
The Pi Coin team has unveiled three new infrastructure products at the recent Pi2Day event on June 28, 2026. The team also celebrated major project milestones and launched protocol updates aimed at expanding the PI ecosystem.
Despite these developments, the broader market environment remains unfavorable. Increased geopolitical tensions between the US and Iran have driven oil prices higher and raised the likelihood of an interest rate hike.
Higher rates typically push investors away from high-risk assets like Pi Coin. Without a recovery in Bitcoin and the larger market, the token is unlikely to see positive price movement.
