Pi Network price has fallen to 0.35 USD! Is it a good opportunity to buy the dip or a precursor to a crisis?

The price of Pi Network (PI) has recently plummeted significantly, falling 14% within 24 hours, sparking heated discussions in the market. Although the market capitalization remains at 2.72 billion USD, investor confidence is clearly shaken. The current price level of 0.35 USD presents a golden opportunity to Buy the Dips, or does it signal a deeper crisis? This article will analyze the reasons behind the big dump in PI's price, future trends, and investment risks from multiple perspectives.

Three Main Reasons for the Big Dump of Pi Network Price

Firstly, the global cryptocurrency market has been overall sluggish since the implementation of the new tariff regulations in the United States on August 1, which has dragged down the performance of PI.

Secondly, Pi Network has recently experienced a large number of transaction failures. According to PiDoor data, only 122,000 transactions were successful, while failed transactions reached 88,300, accounting for more than 58%. In addition, the total transaction volume in August also decreased compared to July, reflecting a decline in user activity.

Third, the unlocking pressure of the PI token is continuously increasing. According to PiScan data, there are currently about 5 million PI in circulation, and another 159 million PI will be unlocked in the next 30 days, accounting for approximately 2.1% of the total supply. This wave of unlocking undoubtedly further intensifies the selling pressure.

Market Dynamics and Community Sentiment Turn Cold

Affected by the sell-off, the 24-hour trading volume of PI surged to 159 million USD. The VPVR volume indicator shows that the $0.44~0.50 range was previously a major trading zone, but the current price has significantly fallen below it. The expansion of the Bollinger Bands indicates that market volatility is further intensifying, and the price may continue to seek a bottom in the short term.

At the same time, the activity level of the Pi ecosystem has declined, and the progress of the mainnet migration has been slow, leading to a continuous drop in community confidence. Some community members have openly expressed their lack of confidence in the future value assurance of PI on X (formerly Twitter), reflecting the general anxiety among investors.

Can the Whales Accumulate Coins Change the Downtrend?

It is worth noting that a mysterious "whale" has recently accumulated over 331 million PI, with a market capitalization of approximately 14.85 million USD. In the past, similar actions by large whales have helped boost PI by 70%, but in the current context of insufficient confidence and weak fundamentals, it remains a major question whether a single fund can reverse the downward trend.

Technical Analysis and Future Outlook

Although $0.35 was once a strong support level and brought considerable gains, the technical recovery pressure is clearly evident after this round of decline. The Bollinger Bands are widening, trading volume is increasing, and with the unlocking wave approaching, the difficulty of a short-term rebound is rising. If market sentiment cannot quickly recover, PI may further test new lows.

Conclusion: Buy the Dips or is it the end of the world?

Pi Network is currently at a critical crossroads. The $0.35 price level could either be a low-buy opportunity for long-term positioning or the beginning of a larger fall. Investors need to closely monitor ecological developments, the mainnet rollout, and changes in community sentiment, while carefully assessing their own risk tolerance. In the face of extreme volatility, it is recommended to adopt strategies such as entering in batches and strictly controlling positions to cope with potential uncertainties.