Pi Network (PI) Plummets 45% as Post-Hype Correction Takes Hold

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-17 08:16:17

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

Pi Network’s token (PI) has experienced a dramatic 45% crash, tumbling from its peak of $1.57 to $0.6984 as the initial excitement from Consensus 2025 announcements fades. The rapid decline reflects a broader market reassessment of the project’s valuation.

Technical indicators show a breakdown, with previous support levels between $0.79-$0.85 now acting as resistance. On-chain data reveals significant whale activity, with top holder concentration dropping from 98.76% to under 5% in just ten days—a clear sign of distribution.

The $3.7 billion loss in market cap leaves Pi Network’s $5.1 billion valuation in question. Analysts are monitoring for stabilization or potential further downside in the absence of new catalysts.

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