Will Pi Network drop to zero? PI price big dump of 80%, volume hits new low, rebound is weak.

The Pi Network (PI), which was once highly followed, is now facing unprecedented pressure. Since the beginning of the year, it has fallen by 80%, and the trading volume has hit a historic low. In stark contrast to the strong performance of other mainstream crypto assets, the decline of Pi coin has raised serious doubts in the market about its future value. This article will analyze the current state of Pi coin from multiple angles including data, technical aspects, and ecosystem development, exploring whether it will really drop to zero.

Pi coin price continues to decline, with the fall leading mainstream coins

According to CoinMarketCap data, the PI coin has fallen by 26% in the past 30 days and has plummeted 80% year-to-date, making it the worst-performing asset among the top 40 Crypto Assets by market capitalization. In the same period, Mantle (MNT) and Ondo (ONDO) recorded increases of 53% and 16% respectively, showing that the PI coin is clearly lagging behind the market.

Trading Volume big dump 70%, market buying pressure extremely lacking

The Trading Volume of Pi coin fell from a high of 140 million USD on August 2 to only 43 million USD yesterday, a drop of up to 70%. The current price hovers around the historical low of 0.335 USD, indicating a lack of buyers in the market and severe liquidity issues. The 4-hour chart shows that after breaking through a key support level on August 1, there was a brief rebound, but the price is still gradually approaching the low of 0.3220 USD.

Ecological development stagnates, community confidence is undermined

The performance of the Pi coin has been poor recently, related to the slow development of the ecosystem, delays in the mainnet migration, and failure to land on top CEXs. These issues have harmed the project's reputation, leading to community dissatisfaction and exacerbating bearish expectations. Meanwhile, other emerging projects such as Bitcoin Hyper (HYPER) have raised over 7 million dollars in a short period, indicating that market funds are accelerating towards more growth-oriented targets.

Technical signals are weak, and there is a risk of testing historical lows again in the short term

From a technical perspective, the PI coin RSI indicator hovers above 30, with negative momentum remaining high. Low Trading Volume reflects a lack of buying interest. Without significant positive news, the price is likely to test the support at $0.3220 again or even lower. Only an unexpected listing on a major CEX could temporarily reverse the downtrend; otherwise, the risk of falling towards $0.10 or even dropping to zero cannot be ruled out.

Conclusion

Pi coin is currently trapped in multiple dilemmas of price big dump, trading volume shrinkage, and stagnation in ecological development. Without substantial positive factors and capital entry, PI may struggle to escape the downward channel and even face the drop to zero risk. Investors should be highly vigilant and carefully assess risks and opportunities.