Crypto Potato 2026-06-04 10:57:18

Pi Network’s PI Hits Rock Bottom: Quick Rebound or Another Collapse Next?

The state of the entire cryptocurrency market has been in shambles in the past several days, but some assets have taken this correction harder than others. Pi Network’s PI token is among the poorest performers, as it dumped to a fresh all-time low of under $0.12 on some exchanges. The question is: what’s next? PI Tanks to New ATL PI’s previous all-time low came shortly after the early February market crash when BTC bottomed (for now) at $60,000. PI tanked to $0.1312 (CoinGecko data) but managed to rebound significantly in the following month. In fact, it soared to roughly $0.30 by March 13 (known as PiDay 2026) after a Kraken listing announcement. The subsequent correction, though, has been even more profound and painful . PI quickly erased the mid-March gains and plunged below $0.20. It kept heading south and lost the $0.15 support earlier this week. It almost felt inevitable given the overall market state, and PI dumped beneath the February lows earlier today. The chart below shows a quick wick to under $0.12, while CoinGecko shows that the new all-time low was at $0.1263. Despite the discrepancy, the reality is that PI marked a fresh low today as its market cap plummeted to under $1.260 billion. It’s now down to the 58th spot on this metric, a long way from the near top-10 place it held shortly after its launch last February. Pi Network (PI) Price on CoinGecko What’s Next? Many crypto commentators weighed in on the broader market’s crash and PI’s collapse. CryptoCoinPi, for instance, noted that this significant decline is a reason to panic for some people. However, they believe PI’s price is just a small portion of Pi Network’s overall ecosystem, and what matters now is whether it could “thrive” under these conditions. Zerosignal added that this crash could provide a solid opportunity to buy-the-dip and prepare for the next bull run that could drive PI north again. On the other hand, PiHotNews said the path toward the $0.10 mark is now open to become PI’s new low. Nevertheless, they explained that they still have “absolute faith” in Pi Network despite the price crash. The post Pi Network’s PI Hits Rock Bottom: Quick Rebound or Another Collapse Next? appeared first on CryptoPotato .

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