Can Pi Coin Recover? Community Is Not Sure After the Recent Drop

Once hailed as a revolutionary project bringing mobile crypto mining to the masses, Pi Network and its native token, Pi Coin, are now facing critical scrutiny from the broader crypto community. 

After a recent sharp decline in value, questions surrounding Pi Coin’s tokenomics, investor confidence, and future price action are mounting. 

With the token down over 52% in the past month, many wonder: Can Pi Coin recover? Or has the shine worn off for good?

Recent Price Performance: From High Hopes to Heavy Losses

Pi Coin's price trajectory in recent weeks tells a story of intense volatility and unmet expectations. 

After briefly rallying from $0.57 to $0.77, the token quickly retraced and now hovers around $0.66. Though it experienced a short-lived bounce, the overall trend remains bearish.

In particular, Pi’s 52% drop over the past month underscores the pressure weighing on the altcoin market. Broad sell-offs across the crypto landscape have dampened enthusiasm, but Pi’s fall has been especially notable given its previous hype cycle.

Read also: PI Coin Price Prediction 2025-2028: What Should We Expect?

Tokenomics Concerns: A Ticking Time Bomb?

A major sticking point for investors is Pi Coin’s tokenomics. While the circulating supply currently sits at about 6.87 billion tokens, the total supply is capped at 100 billion. This huge gap raises red flags about potential future inflation.

As more tokens enter circulation, the value of existing tokens may be diluted unless met with significant demand. 

Without a mechanism to slow or balance supply expansion, Pi could struggle to sustain long-term investor interest—especially if utility does not grow in parallel.

Market Cap and Sentiment Slide

At its peak, Pi Coin reached a $20 billion market cap, bolstered by excitement around its mobile mining app and early adoption. Today, that figure has plunged to just $4 billion, reflecting waning investor confidence and persistent selling pressure.

The bearish sentiment is further fueled by the coin’s shift from testnet to mainnet, which gave users the ability to sell their mined Pi tokens—leading to increased supply and downward pressure on prices.

While Pi’s concept of mobile mining initially attracted millions of users worldwide, critics argue that the lack of token utility has contributed to the selloff. 

Unless the project can evolve beyond its mining model and integrate compelling use cases, the downward trend may continue.

Technical Outlook: Key Levels to Watch

From a technical analysis perspective, Pi Coin recently experienced a sharp drop from $0.741 to near $0.640, marking a 13.7% decline in a short timeframe. While it has since stabilized slightly, trading around $0.667, the outlook remains cautious.

• Immediate support: $0.640
  
   
• Secondary support: $0.620
  
   
• Resistance: $0.700 and then $0.740–$0.750

If Pi Coin breaks below the $0.640 support zone, more downside could be in store. Conversely, reclaiming the $0.700 resistance level could signal the beginning of a slow and steady recovery.

Community Still Active, But Divided

Despite the decline, Pi Coin retains one of the largest communities in crypto, boasting over 4.3 million followers on Twitter/X. This robust community presence indicates that there is still strong interest in the project.

However, interest alone isn't translating into price stability or growth. Many long-time supporters are starting to question the direction of the project, especially as token unlocks and inflation risks begin to bite harder.

Adding to the confusion are influencers and parody accounts, some even referencing Elon Musk, who’ve fueled speculative spikes in the past but may now be contributing to increased volatility and distrust.

Read also: How to Sell Pi Coin: A Step-by-Step Guide After Mainnet Launch

Pi Coin Price Prediction: Can It Bounce Back?

Given the current chart patterns and market dynamics, the short-term recovery of Pi Coin hinges on its ability to hold above $0.640. If that support level is lost, prices could tumble closer to $0.620 or below.

On the flip side, a break and hold above $0.700 may reintroduce momentum, potentially targeting the $0.740–$0.750 zone once again. But for a more sustained recovery, improvements in token utility and tokenomics will be crucial.

Conclusion: A Crossroads for Pi Coin

The Pi Network remains one of the most well-known crypto projects to emerge from the mobile mining wave. However, Pi Coin's recent plunge, paired with mounting inflation concerns and unclear utility, has put the project at a crossroads.

Unless the team can introduce meaningful developments, address supply issues, and rekindle investor enthusiasm, Pi Coin’s path to recovery may remain an uphill battle. 

For now, the question lingers: Can Pi Coin bounce back—or is this the beginning of a prolonged decline?

FAQ

What is Pi Coin?

Pi Coin is the native cryptocurrency of the Pi Network, a decentralized blockchain-based platform that began as a mobile mining app. The project allowed users to mine Pi on their smartphones without intensive energy use, making it accessible to a global audience. It has since transitioned to mainnet, allowing users to trade and utilize Pi tokens.

Why did Pi Coin's price drop recently?

Pi Coin experienced a significant 52% drop in value over the past month due to multiple factors:

• Increased token supply from users selling mined Pi after mainnet launch
• Concerns about token inflation with a total supply cap of 100 billion
• Weak demand and utility compared to supply
• General bearish trend across the altcoin market

What is the total supply of Pi Coin?

The total supply of Pi Coin is capped at 100 billion tokens. Currently, the circulating supply is around 6.87 billion, raising concerns among investors about future dilution and potential price pressure as more tokens are unlocked.