Pi Network’s PI Token Crashes 21% After Disappointing Consensus 2025 Presentation

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-17 07:02:06

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

Pi Network’s appearance at Consensus 2025 fell short of expectations, sparking a significant selloff. Despite CTO Dr. Kokkalis’ optimistic view on AI-blockchain synergy boosting Pi utility, the token dropped 21% intraday to $0.68—now 62% below its May all-time high of $1.50. Technical analysts suggest further downside risk toward April’s $0.40 support level.

The team’s announcements about achieving full decentralization and plans for DeFi/digital identity integration failed to stop the decline. Market participants voiced frustration over unclear timelines, especially regarding the postponed mainnet launch—a persistent issue for the PI community.

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