After the euphoric launch and short-lived rally to $3, the price had continued to drop. At the time of writing, late April 2025, Pi Network’s native currency, Pi Coin, is down approximately $0.6077, from 15% in losses in the last month.

It is one of the few major tokens in recent times to drop in a conspicuous manner. The frustration is being experienced by several early investors as they mined or purchased Pi to realize that it’s not experiencing an upward drive. As Bitcoin gains momentum, the opposite action by Pi spooks many of its holders.