The word bottom doesn’t seem to exist in the world of Pi Network and its native token as of now, as the asset has slumped to yet another all-time low of just over $0.07.

With PI getting smashed out of the top 70 alts by market cap, analysts are trying to determine what is happening and whether there is any end in sight.

New Day, New ATL

CryptoPotato reported yesterday the crash that drove the popular altcoin south to just over $0.086, which became its July 13 all-time low. However, we also warned that there might be more trouble ahead given the rather large number of coins scheduled to be released soon.

That trouble indeed didn’t wait long. Pi Network’s native token is the worst performer from the top 100 alts today, dumping by 14% daily. The worst took place a few hours ago when it slumped to $0.07059 to mark its latest all-time low. PI remains over 35% down weekly. Moreover, it has shed a mind-blowing 97.5% of its value since its all-time high in February 2025.

Popular X user Rizo weighed in on the asset’s poor performance, indicating that there’s more than one reason behind it. Yes, the significant token unlocks are a part of those, as investors who had been waiting for a long time feel more inclined to dispose of a coin that is crumbling.

Rizo added that there’s little to no actual buying demand at the moment as it fails to keep up with all the selling. Lastly, the user outlined the gloomy market sentiment as “uncertainty and cautious investors are weighing on the price.”

However, Rizo remains bullish on Pi Network’s overall ecosystem, which continues to grow, and the “long-term value depends on real utility, adoption, and more apps using PI.”

Silence Is No Longer an Option

Meanwhile, Dr Altcoin blamed the Core Team as it had “at least five years to prepare for this moment. Yet today, it appears completely unprepared for the reality of the market.”

The researcher added that over 775 million coins are scheduled to be released from now until the end of the year, a large portion of which will “end up on exchanges, creating even more selling pressure.”

“Let us be honest: no announcement, ecosystem update or Pi DEX will rescue the price on its own. Unless the Core Team addresses supply, demand and liquidity, Pi could remain under severe pressure throughout 2026. The market does not reward promises. It rewards demand, utility, transparency and decisive action,” Dr Altcoin further cast the blame on the team.

They believe the only path forward includes burning a “substantial portion of the remaining supply,” listings on major exchanges like Binance and Coinbase, and introducing a “transparent, sustainable, and verifiable buyback-and-burn mechanism.”

Source: CryptoPotato