Pi Network price has dropped to a new all-time low of $0.1513, recorded just seven hours ago. The cryptocurrency fell by 1.89% in the past 24 hours, following the 1.9% fall in the larger market.
The current losses per week are 10%, and the coin has gone down 25% this month. The token is at present trading slightly above the $0.15 level, which is an indication that investors are still feeling bearish.
Why is Pi Network Price Down?
The price of Pi Network’s native token has dropped significantly due to several compounding factors weighing down the market.
The first reason is the continued token unlocks. A total of more than 133 million PI will be unlocked in February. This has placed so much selling pressure in a market already witnessing weak demand.
The mood in the market has also contributed. The Fear and Greed Index is at 15, and this is Extreme Fear. This environment does not attract the speculative traders to invest in altcoins like PI.
To make this further, Pi Foundation wallets have allegedly sold almost 17 million PI tokens within the past 24 hours. The steady flow of tokens out of core team wallets is an indication that internal sell-offs are adding to the negative changes.
The wider crypto market dropped by 1.4% to a value of $2.62 trillion. Bitcoin and Ethereum have also fallen to $76,000 and $2,200, respectively.
Pi Network did record gains even after the drop. On January 31, 2026, it unlocked 2.5 million users, after which its users can now migrate to the Mainnet, which is a major step in the development of its ecosystem.
Pi Network Price Tumbles After Sharp Sell-Off: Key Levels in Focus
The PI coin price crashed to $0.1575 on February 2, 2026, reflecting a broader bearish sentiment in the market. The token has been unable to rebound after a sharp decline, which began in late January and brought it to several critical support points.
The MACD lines are negative and converging towards the baseline with a value of -0.0034. The histogram is almost flat with decreased momentum. The RSI is at 44, which represents the neutral to slightly oversold region.
Pi Network Price is at consolidation stage following a sharp decline. Technicals indicate a break in the bearish movement, but no powerful turning point sign is present yet.
Source: PI/USDT 4-hour chart: TradingviewIf buyers regain control, the next upside targets would be $0.18 and $0.20 as per the full PI coin forecast report. On the downside, losing $0.15 opens the path to $0.13.
Source: https://coingape.com/markets/heres-why-pi-network-price-just-hit-an-all-time-low/
