Pi Coin Price Outlook as Market Cap Crashes Below $1B Amid Community Backlash

Pi Coin price is down by 15% today, July 13, to trade at $0.081 at the time of writing. PI is now down by 27% in seven days with the market cap also dropping below $1 billion for the first time since the token launched in February 2025.

The ongoing crash has attracted backlash from the Pi Coin community, with some PI holders blaming the Pi Core team for the token’s lack of utility and for failing to secure listings on leading exchanges.

Pi Coin Market Cap Hits Historic Lows as Community Blames Pi Core Team

Data from CoinMarketCap shows that Pi Coin currently has a market cap of $897 million. This is the first time that this market cap has dropped below $1 billion since February 2025 despite recent network upgrades.

One member of the Pi Coin community dubbed shahryar on X blamed the Pi Core team for this drop saying that they have failed to support projects created on the network.

He referenced a project created on the Pi Network in 2021 known as Workforce, that was listed for sale in 2025 for lacking users.

Another user dubbed cofeedosa, is also asking the core team to end their silence and launch new projects on the network that can help build utility for PI.

“If milestones such as PIDEX continue to be delayed, market confidence may weaken further,” the user said.

However, Dao World notes that even if utility existed, the core team would still need to take other measures like token buybacks or token burns to support the price when the broader crypto market is dropping.

“If the price crashes and people begin leaving, utility becomes meaningless even if it is eventually built,” the user said.

These opinions are fuelling a bearish long-term Pi Coin price forecast, especially now that ongoing token unlocks are increasing supply when the level of demand is at record lows.

Pi Coin Price Hits Record Lows as Drop to $0.05 Looms

The price of Pi Coin dropped to an all-time low of $0.081 on July 13. If the downtrend continues, PI could move to the psychological support of $0.05.

The volume bars that have been green for three straight days suggest that high selling pressure is pulling the price down.

But the RSI reading of 14 suggests that PI is oversold. This means that sellers might be near the point of exhaustion, and if they reduce the amount of PI that they are selling, it could create room for the price to recover.

Still, this does not suggest that a reversal will occur because the ADX line that is rising suggests that the downtrend is strong.

Pi Coin needs to close above the psychological resistance of $0.10 to suggest that bulls are regaining their grip.

Analyst Reveals 2 Scenarios for PI to Recover

Analyst Dr Alcoin opines that there are only two scenarios in which the price of Pi Coin can recover.

The first is a scenario where Pi Coin lists on leading exchanges like Coinbase and Binance. He says that this is the only way that buyers can absorb the millions of unlocked tokens so that they do not weigh on the price.

The second scenario is where the Pi Core team buys back and burns Pi Coin, with this also set to reduce the supply that is available.

Other projects in the crypto market like Hyperliquid (HYPE) usually have buybacks and burn mechanisms that help sustain price gains even when the rest of the market is dropping. Introducing such a mechanism on Pi Network could enable the price to recover.