Network's PI Token Dumps to New All-Time Low Despite Big Events Coming Up

Bitcoin fell back below $74,000 on Monday for the first time in nearly three months, dragging Ethereum under $2,100 and pushing Pi Network’s PI token to a fresh all-time low. PI dropped to just over $0.063, down more than 13% in 24 hours and nearly 20% versus the prior Monday. The selloff has left PI’s market cap at about $720 million, making it the 69th-largest cryptocurrency on CoinMarketCap, and down nearly 98% from its late-February 2025 all-time high of $2.98. Community posts cited heavy selling volume and low exchange support, while the Pi Network Ecosystem Summit is set for Nov. 17–19.