What is the story about?
Pi Coin struggles continue in 2026, as it has been trading around the $0.20 level for several weeks now. The downfall can be mainly attributed to the selling
pressure and a broader pressure on the crypto market. Pi Network token is currently 90% down from its all-time high value, keeping investors concerned. Furthermore, market charts show a largely bearish trend, with weak momentum and little sign of a sustained rebound.
Rising Supply Weighs on Pi Coin
One of the biggest factors pressuring Pi Coin’s price is growing supply. Around $1 million worth of PI tokens enters circulation every day, mainly through mainnet migrations and token unlocks, a Coingape report said.
Also Read: Why Pi Coin Is in China’s Spotlight — Millions at Risk From Crypto Scams
These unlocks are linked to KYC-verified accounts, steadily increasing the number of coins available in the open market. While over 4.83 billion PI tokens remain locked, they are gradually being released, adding pressure on prices in the short term.
Weak Demand, Limited Trading Activity
While the Pi Network continues to develop, market demand has not kept pace with rising supply. This imbalance is preventing any meaningful upward movement in price.
Trading activity remains subdued, with Pi Coin recording daily volumes of less than 7 million tokens, a relatively low figure for a project of this size. Price declines are often accompanied by stronger volume, while rebounds tend to be weaker, a sign that sellers currently dominate the market.
Typically, strong price rallies are supported by rising trading volume. In Pi Coin’s case, the opposite trend suggests distribution may still be ongoing, reflecting low investor confidence and limited buying interest.
Broader Crypto Market Also Under Pressure
The wider crypto market is also experiencing mild weakness. The global cryptocurrency market capitalisation stands at $3.12 trillion, down around 0.4%.
Bitcoin is hovering near $95,000, while Ethereum trades just above $3,200, after recently breaking key resistance levels. Market sentiment has been affected by the US Senate’s decision to cancel the markup of the Crypto Market Structure Bill, which has shaken investor confidence across digital assets.
Until Pi Network sees stronger demand or reduced supply pressure, analysts say the token may continue to struggle to find upward momentum.
