The Currency analytics
By Sakamoto Nashi
Pi Network's digital currency crashed hard. The token, known as PI, hit multiple all-time lows in recent days as traders dumped their holdings across smaller exchanges.
The latest crash happened on January 29, 2026, when PI dropped to new record lows for the third time this week.
The selloff stems from several key problems plaguing the project. Crypto markets stay volatile, sure, but PI faces bigger issues than just general market weakness.
Pi Network keeps rolling out updates anyway. The team says they're focused on better security and smoother user experience, but these improvements haven't stopped the bleeding in…
And investors are getting nervous about the whole setup. PI still operates in what they call a "pre-mainnet phase," which basically means it's not ready for prime time trading on…
The community behind Pi Network hasn't given up yet. Millions of users downloaded the app and keep mining PI tokens through their phones, hoping the project will eventually…
Dr. Nicolas Kokkalis, one of Pi Network's co-founders, tried to calm everyone down in an online forum recently.
Some analysts think PI could bounce back if it gets picked up by bigger exchanges. Right now, the token mostly trades on smaller platforms like XT.
The numbers tell the story. Pi Network claims over 35 million users worldwide, which sounds impressive until you look at the token's price chart.
Things got worse on January 25, 2026, when PI crashed to $0.0001 - another new low that spooked whatever confidence was left in the project.
Kokkalis tried damage control on January 26, promising new features and better platform appeal.
Trading volume on the small exchanges that do list PI remains weak. XT.com and Hotbit see minimal activity for the token, which shows how little interest there is from serious…
Pi Network's leadership hasn't laid out detailed plans for getting past these roadblocks. The community keeps waiting for announcements that might change PI's trajectory, but so…
The regulatory landscape adds another layer of complexity to Pi Network's struggles. Several countries have tightened crypto regulations in recent months, making it harder for…
Meanwhile, competing mobile mining projects have emerged with clearer regulatory frameworks and faster development timelines.