TLDR
- PI dropped 17% on Monday, hitting a new all-time low of $0.0785
- Trading volume surged 129% to $17.7 million, confirming strong sell-side pressure
- PI is down over 60% since the start of 2026 and 97% from its all-time high of $2.99
- Accumulation/Distribution, MFI, and Funding Rate all point bearish
- Long-term users known as “pioneers” are reportedly selling their holdings
Pi Network’s native token PI hit a new all-time low of $0.0785 on Monday, July 13, falling 17% in a single day. The drop came as long-term users, called “pioneers,” were reported to be selling off their holdings in large numbers.
Since the start of July, PI has lost around 30% of its value. Over the past 30 days, it is down nearly 40%. Year-to-date, PI has declined more than 60%, making it one of the worst performers among tokens with a market cap above $1 billion.
PI hit its all-time high of $2.99 in February 2025. It has now lost 97% of that value.
Trading volume jumped 129% to $17.7 million over the weekend sell-off. That spike in volume shows the selling pressure has been strong and active, not just a slow bleed.
Bears Hold Full Control
The Accumulation/Distribution indicator sits at -343 million, showing sellers dominate the market. The Money Flow Index has dropped to 23, sitting near the bottom of the capital-outflow zone between 20 and 50.
If the MFI falls below 20, PI could be considered oversold, which sometimes leads to a short-term rebound. For now, it remains in bear territory.
The Funding Rate has dropped to around -0.0565%, meaning traders are heavily positioned on the short side. That level of bearish positioning, combined with weak price momentum, keeps further losses likely.
PI has been trading inside a descending channel for months. These patterns can break either way, but current indicators favor a continued move downward.
What Analysts Are Saying
On X, an analyst known as Dr. Altcoin outlined two possible paths for the project to manage the wave of tokens entering the market.
“To absorb the millions of Pi being unlocked and potentially entering the market, Pi Network now has only two options: Allow more Tier 1 exchanges, such as Binance and Coinbase, to list Pi [or] introduce a sustainable buyback-and-burn mechanism,” Dr. Altcoin wrote.
Pi Network’s @PiCoreTeam market capitalisation has fallen below $1 billion for the first time since its listing, currently sitting at approximately $963 million.
To absorb the millions of Pi being unlocked and potentially entering the market, Pi Network now has only two options:… pic.twitter.com/ujsrVODoIR
— Dr Altcoin ✝️ (@Dr_Picoin) July 13, 2026
After the latest drop, PI’s market cap fell to $880 million.
Some supporters on social media said the ecosystem still has potential, pointing to apps and utilities still under development. However, frustration among users has grown as expected financial returns have not materialized.
PI is now testing a key support line. A close below it would open the door to further losses and a deeper all-time low.
