The previous a number of weeks haven’t been sort to the cryptocurrency markets. This pattern solely intensified on Thursday when all the market bled out, with a number of double-digit worth crashers.
Naturally, Pi Community’s PI token was not spared, and it dumped to recent all-time lows of beneath $0.135 (on CoinGecko). This meant that the asset has plunged by over 30% within the final month alone. On a broader scale, PI is down by greater than 95% since its all-time excessive marked on February 26, 2025.
Regardless of this huge correction, some members of the ever-vocal and optimistic Pi Community group tried to search out the silver linings. This one, for instance, outlined the skyrocketing PI transaction quantity, which, he believes, exhibits “elevated curiosity in PI regardless of the manipulation video games carried out by whales.”
This one was much more bullish, predicting a mind-blowing surge to $4 from the present dip within the first six months after the second Mainnet migration and as soon as previous Pioneers (Pi Community customers and buyers) are carried out promoting off.
Extra Ache to Come?
If we’re being reasonable, it’s laborious to even think about such a rally occurring quickly. Not solely as a result of the general crypto market appears to be dominated by the bears, but in addition on account of PI’s current worth efficiency and the unlocking schedule for brand new tokens.
Knowledge from PiScan exhibits that nearly 8 million cash will probably be freed within the subsequent month on common. What’s much more worrying is the truth that this quantity will skyrocket to over 18 million on February 12 and to 23.6 million on February 13.
Such an enormous variety of tokens to be unlocked would possibly end in extra quick promoting strain from buyers who’ve been ready a very long time for his or her holdings to develop into accessible for buying and selling. That is notably true in such a time of panic.
The Good Information
On the constructive facet, the chart above demonstrates that the variety of unlocked tokens will decline after February 20 and can normalize, which might ease the promoting strain. Moreover, there are rumors circulating on-line that one of many largest and oldest exchanges, Kraken, is perhaps planning to listing Pi Community’s native token, which might increase its liquidity and legitimacy amongst buyers.
BREAKING: Kraken Trade is
making ready to combine the Pi blockchain and listing $PI for buying and selling
If confirmed, this could possibly be a serious step for Pi ecosystem adoption.
⁰Eyes on what comes subsequent.#PiNetwork #PI #Kraken #CryptoNews #Altcoins pic.twitter.com/BAWZLcGQnH— SMC KAPIL DEV (@smckapildev) February 6, 2026
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