Pi Network Token Drops 3.11% Amid Broader Crypto Market Selloff

Pi Network's token saw a significant drop of 3.11% over the last 10 hours, but it was not due to any Pi-specific event or headline. Instead, the price move is attributed to a broader crypto risk-off move centered on Bitcoin's drop.

The total crypto market cap fell by about $40 billion to roughly $2.25 trillion after Bitcoin failed to break above $65,400 and then dropped by around $1,500 following US Senate news and persistent selling. Pi's price moved from about $0.0881 to a low near $0.0852, a drop of roughly 3.21% in under 10 hours, before partially retracing.

Experts point out that Pi's token is structured in a way that makes it vulnerable to small shifts in sentiment or liquidity due to its relatively low float and large scheduled unlocks. The Protocol 26 deadline, which requires mainnet node operators to upgrade by August 2026, may have added background risk but did not directly trigger the short-term move.

Pi's price has been trending lower, trading near $0.08, down more than 95% from its all-time high of $2.98 in early 2025. The absence of any distinctive Pi headline combined with heavy future supply and weak structural support suggests that the 3.11-point move is simply Pi overreacting to a market-wide downtick.