The price of PI is currently at its historical lowest point after a continuous decline of over 11% in the past 24 hours. Despite being described as a ‘slow burn rug pull’ by a former project supporter, many analysts express doubts about the future of this project. PI project had been under development for about seven years and finally launched on February 20, 2025, registering a new historical high price. However, a continuous downfall began afterward, with PI’s price plummeting by 81.5% from its peak to $0.55. While the entire crypto market has been under pressure in the last 36 hours, PI is considered one of the biggest market losers. This fall also led PI to drop out of the top 25 digital currencies list, while a month ago, PI was on the verge of entering the top 10 list. Dr. Alt Coin, a prominent analyst, believes that unless the central team of PI provides full transparency about tokenomics, major exchanges like Binance will not be inclined to list PI. Some believe that the only way to restore PI’s value is by burning billions of PI from the project’s wallets. According to these individuals, such an action could drive PI’s price up to $10 and help the network’s long-term survival. PI is currently going through critical days. Lack of development team transparency, absence from major exchanges, and loss of investor trust are among the key factors contributing to this downfall. If conditions do not change, there is a possibility of further price decline and holders exiting this project.
