Pi Network’s PI Token Drops 93% From $3 High as Traders Focus on Two Catalysts and Major Unlocks

Pi Network’s PI token, which began trading in early 2025 and briefly reached $3, has since fallen to about $0.22, a decline of roughly 93%. An X analyst argues that defending a key support level and reigniting investor interest are essential for any rebound, while more than 183 million PI are set to be unlocked over the next 30 days, adding to potential selling pressure.