- Pi Coin (PI) has crashed over 90% since its $2.99 peak in February, now trading under $0.30.
- Analysts see further downside, with CoinCodex forecasting a dip to $0.265 by December 2025.
- While October could bring market-wide relief, Pi Coin may struggle to reclaim lost momentum without new catalysts.
Pi Coin (PI) was one of the most talked-about tokens earlier this year, briefly rallying to an all-time high of $2.99 on Feb. 26. Fast forward to September, and the asset has crashed more than 90%, now trading near $0.29. According to CoinGecko, PI has lost over 17% in the last 24 hours alone, alongside steady declines on the weekly, bi-weekly, and monthly charts.
Unlike tokens riding market-wide bullish momentum, PI’s February surge was largely driven by online speculation and social buzz. With that hype fading, the coin has struggled to maintain support even as other assets occasionally caught relief rallies.
Has Pi Coin Lost Its Momentum?
The sharp reversal raises questions about whether Pi Coin’s rally was sustainable in the first place. Analysts suggest that its February pump was more sentiment-driven than tied to fundamentals. As the noise around the project cooled, so did investor appetite, leaving PI exposed to deep drawdowns.
CoinCodex projects Pi Coin could fall another 10% from current levels, potentially trading at $0.265 by December 21. This outlook reflects skepticism that PI can regain traction in the absence of strong narratives or unique catalysts driving adoption.
Can October Bring a Rebound?
October has historically been a bullish month for the broader crypto market. If Bitcoin stages a rebound—especially with another 25 basis point Fed rate cut expected next month—there’s a chance Pi Coin could catch some of the upside. Broader liquidity inflows often lift even weaker tokens in the short term.
Still, it remains unclear whether PI can reclaim lost momentum. The coin already struggled during earlier market rallies, suggesting its performance is more tied to hype cycles than to long-term fundamentals. Unless the project delivers fresh updates or regains strong community traction, Pi Coin may remain on the sidelines even if crypto sentiment improves.
Final Thoughts
Pi Coin’s 90% decline highlights the risks of chasing hype-driven tokens without strong fundamentals. While seasonal trends and macro catalysts could spark a temporary rebound, sustained recovery will likely require more than speculation. For now, PI remains a high-risk bet in a market increasingly favoring tokens with clear utility and adoption.
