Pi Network Price Drop After Major Sale: What Is Happening?

When a project is offered because of its widespread acceptance collapses under market pressure, the signal is strong. Pi Network's PI token has fallen by 22%, reaching $0.61 on May 31, 2025. This decline comes as the crypto market as a whole has lost more than $170 billion in a week. The scale of the decline now raises questions about the project's viability and the trust that its longtime investors can still place in it. Cryptocurrency Fall 22% Amid Widespread Tensions Pi Network continues to plunge uncontrollably after falling below 1 dollar. The PI token has recorded a significant decrease of 22% in the past seven days, stabilizing at 0.61 dollars on May 31. This correction aligns with the broader trend marked by a global contraction in the crypto market. Such a fall reflects an increasing pessimistic sentiment about the project. The native token of Pi Network has fallen 22% in the past week and continues the downward trend to a seven-day low of $0.61. This performance coincides with a loss of over $170 billion in market capitalization across the entire crypto market in just one week, reflecting a widespread loss of confidence. Several factors increase selling pressure on the PI token, including: Lacking positive catalysts recently around the Pi Network project; The continuous failure to officially list on major exchanges, limiting liquidity and access for institutional investors; A negative macroeconomic environment, with a fall of over 5% in total crypto market capitalization in just one week; A clear loss of confidence among holders, reflected in strong selling in recent sessions. In this context of widespread withdrawal, Pi Network appears to be particularly vulnerable, lacking strong technical support or fundamental leverage to prevent the erosion of its value. Technical Indicators in the Red Zone: Increasing Pressure On-chain data reinforces this concerning observation, with the market move clearly being a fall. The BBTrend indicator, which measures the intensity and direction of price movement based on the relative position of the price to the Bollinger Bands, is currently showing a value of -4.52. BBTrend continues to print red bars on the chart, a clear signal of increasing bearish momentum. This technical setup shows that the price of PI frequently closes near the lower band, typical of a market dominated by sellers. Another alarming sign comes from the Smart Money Index (SMI), which is also falling. This index, used to track the behavior of institutional investors, indicates a significant withdrawal of what is called "smart" money. PI SMI has fallen in recent days, signaling the departure of institutional investors. The dissatisfaction of these players, often seen as market predictors, increases concerns about ongoing adjustments. If sales continue, the PI token could break the technical support level at $0.55. Therefore, if there is not enough strong buying reaction, the token may experience a more pronounced adjustment and fall to a historic low of $0.40. This prospect will impact those holding PI as well as the overall image of the project. Conversely, the recovery demand may allow a return to the level of $0.86, but this scenario remains hypothetical as long as the current upward momentum does not reverse.