While most of the crypto market is green on this Monday morning, the Pi Network (PI) price continues to tumble, with no end to its three-month downtrend seemingly in sight.
PI is down 2.2% overnight while BTC (0.4%), XRP (2.6%), SOL (2.3%) and ADA (3.4%) are all in the green. The only other notable major cap crypto in the red, alongside PI, is TRX, down 1.7%.
However, the Tron native token is 6% since the beginning of April, while PI is down a staggering 25% for the month, marking it one of the worst-performing crypto tokens in April.
https://twitter.com/CRYPTOAD00/status/1916707138795171906
What Is Going On With Pi Network: Dead Before It Could Even Get Going?
Since launching just two months ago, on February 22, PI crypto has struggled to gain a foothold. It is currently down 79% from its all-time high, which it hit following a brief post-launch rally on February 26.
At that peak, the PI price went as high as $2.78, per CoinGecko. However, it has been downhill since that date, with PI trading for around $0.62.
Bad tokenomics and a lack of innovation from the PI team are the most notable issues keeping it from breaking out of its 3-month long downtrend.
Just today, 4.8 million PI Network tokens will be unlocked, meaning around $2.8m worth of tokens will be circulating, creating even more sell pressure for the project.
If PI falls below $0.5, it will enter uncharted territory as it goes below its launch price. With no pre-established support levels at that stage, it could be a gigantic fall for the self-described ‘mobile-friendly mining’ project.
The bad tokenomics for PI extend to its market cap. A new and untested project launching onto the market with a multi-billion-dollar valuation doesn’t offer value or solid ROI for VCs or retail investors.
At its peak price of $2.78, PI had a market cap of over $12 billion, briefly making it the 12th largest digital asset, surpassing Sui (SUI).
Considering Sui network is a fully fleshed Layer-1 protocol with a large ecosystem and more than $1.7Bn in DeFi Total-Value Locked (TVL), per DefiLlama. This comparison only highlighted how overvalued PI was at those levels.
Even in its current slump, PI crypto is still valued at $4Bn, making it the 32nd largest cryptocurrency by market cap. These metrics should serve as a warning to PI holders that the worst could be yet to come.
BTC Bull (BTCBULL) Crosses $5m In Presale Funding With Bitcoin Airdrops To Start Once BTC Hits $150k
(SOURCE)
While poorly planned projects such as PI Network have launched with multi-billion dollar valuations and nothing to show, BTC Bull (BTCBULL) is the complete opposite.
This new meme coin is packed with utility, prioritizing its community and BTCBULL token holders with its genius Bitcoin airdrops.
Starting once Bitcoin hits $150k, BTCBULL holders will receive BTC directly into their wallets. Airdrops will take place at every subsequent $50k price increase for BTC.
Anyone who is even mildly bullish on Bitcoin in the long term should see BTCBULL as a no-brainer investment. Coupled with token burns that will start at $125k and repeat with each $50k increase for BTC, the team behind BTCBULL is ensuring long-term growth and demand for its token while actively increasing scarcity.
To join the BTCBULL movement, visit the presale website, connect your wallet (Best Wallet, e.g.), and buy however many BTCBULL tokens you want. Remember – the more BTCBULL held, the bigger the Bitcoin airdrops will be for each user.
By using Best Wallet, the upcoming airdrops will happen seamlessly due to native integration via the ‘Upcoming Tokens’ tab on the Best Wallet app.
Download Best Wallet on Google Play or the Apple App Store and start now.
Stay up-to-date with everything BTC Bull by joining the community on X and Telegram.
DISCOVER: 20+ Next Crypto to Explode in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
PI crypto continues to free fall - one of the only tokens in red today
- While most major cap tokens are up between 1-5% today, PI is down 3.4%
- PI network has been in a downtrend for three months now and doesn’t look like stopping anytime soon
- Currently trading for $0.62, if PI falls under $0.5, it will have 0 support and could face another huge leg down
- The PI network token launched in February with bad tokenomics and a multi-billion dollar market cap, offering no solid ROI for new investors
- BTCBULL just hit $5m in presale funding with eager investors gearing up for the Bitcoin airdrops starting at $150k BTC
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
Maximize Your Trading With Margex’s 20% Deposit Bonus
What Are the Best New Presales to Buy in June 2025?
Crypto Wallet Promos & Discounts
14 Best Crypto Bonuses in 2025 – Top Exchange Offers & Promotions
Maximize Your Earnings with Bitunix- Huge Bonus Until August 2025
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
