Pi continues to plunge, nearing the lowest level of all time despite attracting 125k sellers participating in PiFe.

125,000 people sell participated in the PiFest 2025 event, but the price of Pi Coin continues to plummet, approaching the lowest level in history. At the current time, the cryptocurrency market has recorded a new positive trend as Bitcoin surpassed 85,000 USD and Ethereum held steady above 1,850 USD. However, Pi Coin is going against the tide, as it continues to witness a sharp decline. The price of Pi has dropped below 0.6682 USD at the time of writing, just a small distance away from the all-time low of 0.6152 USD. Since the peak of 2.98 USD in February, this token has evaporated nearly 80% of its value, leaving investors bewildered about its future. This sharp plummet raises the question: Is the developing Pi ecosystem sufficient to save the value of this token?

PiFest 2025: A historical event but not enough to boost the price PiFest 2025, taking place from March 14 to March 21, has made a significant mark by becoming the first global trade event to operate on the Pi Open Network. More than 125,000 sellers registered to participate, with 58,000 active stores, demonstrating the strong growth of the Pi ecosystem. According to a report from Pi Network, millions of transactions have been made using the Pi Wallet, ranging from coffee shops, fashion stores, car garages to freelance services, reflecting the practical usage potential of this currency. More than 1.8 million pioneering users have used the Pi Map to search for stores that accept payments in Pi, with over 45,000 reviews submitted, helping to strengthen trust within the community. However, despite the surge in usage, the price of Pi continues to plummet. This indicates that merely expanding the ecosystem is not enough to support the token’s value, as the market remains concerned about liquidity and the long-term potential of Pi outside its own ecosystem.

What is happening with Pi Coin? Analysts suggest that the decline of Pi Coin may stem from investors’ concerns, despite the success of PiFest. While Pi Network is expanding its use, many remain skeptical about the liquidity of this currency as well as its trading capabilities on major exchanges. In addition, the lack of a clear strategic roadmap and the absence of updated information regarding Pi Network’s financial plans also increase caution among investors. Although PiFest has demonstrated that Pi can be widely used in local commerce, transforming this into a price growth catalyst remains a significant challenge. The future of Pi Coin: Recovery or continued plummet? Despite the current downturn, the leadership of Pi Network remains confident in the potential of this token. The PiFest event has emphasized that Pi is not just a cryptocurrency but can also become a practical medium of exchange, accepted by businesses worldwide. However, the question remains open: Can Pi make a strong recovery in a rapidly growing market, or is this just the beginning of a deeper correction phase? The future of Pi Coin will depend on how this ecosystem develops and whether it can break through the current barriers to gain the trust of the investment community.