Pi Network Drops After Massive Sales: What Is Happening?

When a project touted for its massive adoption collapses under market pressure, the signal is strong. The PI token of Pi Network fell by 22%, reaching $0.61 on May 31, 2025. This plunge comes as the overall crypto market lost more than $170 billion in one week. The scale of the decline now raises questions about the project’s viability and the confidence that its longstanding investors can still place in it.

A 22% Crypto Drop Amid Widespread Tension

Pi Network continues its free fall after falling below $1 . The PI token recorded a notable 22% drop over the past seven days, settling at $0.61 on May 31. This correction fits into a broader trend marked by a global contraction in the crypto market.

Such a fall reflects an intensification of bearish sentiment on the project. The native token of Pi Network plunged 22% over the past week and continued its downward trend to reach a seven-day low at $0.61.

This performance coincides with a loss of more than $170 billion in market capitalization across the entire crypto market in one week, reflecting a climate of widespread distrust.

Several factors increase selling pressure on the PI token, including:

• A lack of recent positive catalysts around the Pi Network project;
• A persistent absence of official listing on major exchange platforms, limiting liquidity and access for institutional investors;
• A bearish macro context, with a fall of more than 5% in total crypto market capitalization in one week;
• A visible loss of confidence among holders, reflected in intensifying sales in recent sessions.

In this climate of widespread withdrawal, Pi Network appears particularly vulnerable, lacking solid technical support or a fundamental lever to contain the erosion of its value.

Technical Indicators in the Red: Pressure Intensifies

On-chain data reinforce this worrying observation, with a clearly bearish market dynamic.

The BBTrend indicator, which measures the intensity and direction of a price movement based on the relative position of the price to Bollinger Bands, currently shows a value of -4.52.

The BBTrend continues to print red bars on the histogram, a clear signal of growing bearish momentum. This technical setup suggests that the PI price regularly closes near the lower band, typical of a market dominated by sellers.

Another alarming sign comes from the Smart Money Index (SMI), which is also declining. This indicator, used to track institutional investor behavior, shows a significant withdrawal of so-called “smart” money.

The PI SMI has dropped in recent days, signaling an exit of institutional investors. The disaffection of these players, often seen as market anticipators, heightens fears of a continued correction.

If sales continue, the PI token could break the technical support at $0.55. Thus, in the absence of sufficient buying reaction, the token could undergo a more pronounced correction and fall back to its historical low of $0.40. This prospect would have implications for PI holders as well as for the project’s overall image. Conversely, a demand rebound could allow a return toward $0.86, but this scenario remains hypothetical as long as the current momentum does not reverse.