PI Token Plummets Over 95% Amid Heavy Unlocks and Thin Liquidity

Published: 2026-02-07 10:08:59 |

PI Network’s native token PI has collapsed more than 95% from its February 2025 peak of $2.99 after launching on exchanges under a year ago. CoinGecko data show a 40% fall in the past month, with PI touching $0.1338 before a small rebound to about $0.145. Analysts point to repeated large token unlocks, scarce on‑chain and order‑book liquidity, and minimal external capital as the primary drivers of selling pressure. Machine‑learning chart commentary (Google Gemini, ChatGPT) outlines bearish scenarios: a base case toward $0.10, a worst‑case capitulation in the $0.06–$0.08 band, and a low‑probability “zombie coin” outcome under $0.05 where high holder counts coexist with near‑zero trading volume. Technical watchers flag $0.16 as a key weekly level; failure to reclaim it could expose deeper liquidity between $0.05–$0.06. Traders should monitor token unlock schedules, on‑chain liquidity, and order‑book depth; use tighter risk controls (smaller sizes, staggered entries, strict stops) given elevated downside risk and low institutional inflows. The drop underscores weaknesses in tokenomics and the importance of deeper liquidity pools and ecosystem development for price resilience.

Bearish

The combined coverage points to sustained downside pressure on PI driven by quantifiable supply shocks (token unlocks), very thin on‑chain and order‑book liquidity, and near‑zero institutional support. Short term, expect continued volatility and downside testing: technical risk is concentrated around the $0.16 weekly level — a failure to reclaim it likely leads to deeper liquidity between $0.05–$0.06, amplifying stop‑runs and forced selling. Mid to long term, absent meaningful changes (slower unlock schedules, deeper liquidity pools, real ecosystem growth), the token faces persistent devaluation risk and the possibility of extremely low volume (“zombie coin”) status. For traders this translates into higher execution risk, wider spreads, and greater slippage; position sizing, tight stops, and careful monitoring of unlocks and on‑chain flows are essential. Overall, the outlook for PI is bearish until evidence of sustainable demand and improved liquidity appears.