Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Why Pi Network price crash sparks rug pull fears
Share
  • bitcoinBitcoin(BTC)$123,468.91
  • ethereumEthereum(ETH)$4,515.00
  • binancecoinBNB(BNB)$1,317.43
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.91
  • solanaSolana(SOL)$228.96
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.259312
  • tronTRON(TRX)$0.341569
  • cardanoCardano(ADA)$0.84
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Market > Why Pi Network price crash sparks rug pull fears
Market

Why Pi Network price crash sparks rug pull fears

admin
Last updated: 07/10/2025 5:22 Chiều
admin
Published 07/10/2025
Share


The Pi Network plunges over 90% from its peak, wiping out billions from its market cap. Many community members are speculating on whether this means a rug pull is on the horizon.

Summary

  • Pi Network’s token has plunged by over 90% from its February peak, igniting fears of a rug pull among traders.
  • Currently trading near $0.26, Pi shows weak recovery signals with resistance at $0.28, while technical indicators suggest mild bullish momentum.

According to data from crypto.news, the token has continued to fall lower from its initial peak in February. In just eight months, the token’s value has plummeted by 90%. From its all-time high at $2.99, it is now trading at less than $0.30.

Within just six months, the token’s market cap has lost more than $18 billion. The continued decline of the token has led many Pi Network (PI) token holders to believe that the team could very well be planning to rug-pull the token.

“Pi crashed over 90% from its highest position that’s basically a rug pull. Why should I or other Pi Network investors be happy about that?” said one user on X.

According to the trader, many in the Pi community continue to hold onto the belief that 1 Pi is valued at $314,159, a figure long promoted as the “Global Consensus Value.” However, growing skepticism within the community suggests that this valuation is largely false.

At the center of the controversy is the Pi Core Team, which reportedly controls around 90 billion tokens. The large concentration of tokens held by the core team is why many traders argue that they have unfair influence over the token’s price and market behavior.

Due to this, analysts suspect these could be linked to insider selling, potentially contributing to the steep decline in Pi’s value.

However, some supporters of the project maintain that Pi never raised external capital, which means it technically cannot be labeled a “rug pull.” Nevertheless, the heavy centralization of tokens within the Pi Foundation has raised fears of possible market manipulation.

Pi Network price analysis

As of late, the Pi Network price remains under heavy pressure, trading at around $0.263 at the time of writing. The token suffered a sharp decline in late September, plummeting from around the $0.33–$0.34 range to below $0.26. Since then, Pi has been consolidating sideways with minimal volatility, suggesting that market participants are uncertain about the token’s next direction.

The 30-period moving average sits closely above the current price at $0.2623, acting as a short-term resistance level.

Pi Network has fallen 90% from its February peak and continues to plunge lower | Source: TradingView
Pi Network has fallen 90% from its February peak and continues to plunge lower | Source: TradingView

Despite the stabilization, momentum indicators reveal only modest recovery potential. The Relative Strength Index currently reads 62.00, showing that buying pressure has slightly increased but is still within neutral territory. A sustained move above 70 could signal a short-term overbought condition, while a drop below 50 might confirm renewed selling pressure.

For now, RSI levels indicate that Pi is in the middle of experiencing mild bullish momentum following prolonged consolidation.

So far, the price structure shows limited upward traction as long as Pi remains below the $0.28 resistance zone. A breakout above this level could open the door for a rebound toward $0.30, but without strong volume support, such a move may be unsustainable.

On the other hand, if it fails to maintain support near $0.26 it could fall even lower to around $0.24, especially if broader market sentiment weakens or additional selling from major holders occurs.

You Might Also Like

Uniswap price hovers crucial support as volume and revenue jump

Will we see a ZBCN crash?

Kaia price rallies as DeFi assets, open interest gains steam

Here’s why HEMI price rallied over 100% 

Virtuals Protocol token targets 135% rally despite smart money exit

TAGGED:crashfearsNetworkpricepullrugsparks

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Mantle (MNT) price hits new ATH on RWA buzz and new partnerships
Next Article Zcash price crashes 18% after vertical rally – is more downside ahead?
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
Here’s why altcoins like Stacks, Flare, Jasmy, and Dogecoin rising
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?