Shocking Plunge: Pi Network Token’s Dramatic Fall Leaves Investors in Hysterics! 😂

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In a twist befitting a tragicomedy, the native token of the Pi Network, PI, has taken a nosedive, plummeting from a dizzying height of nearly $0.46 on July 28 to a mere whisper of $0.35 by the fateful hour of August 2.

Token Holders Express Disappointment

On that fateful day, the Pi Network, in a move reminiscent of a magician pulling a rabbit from a hat, announced that “pioneers” could lock up their tokens, even as a staggering 132 million were poised to unlock in August. The data, like a cruel joke, revealed that PI, once basking in the glow of $0.46, had now sunk to under $0.35 (Aug. 2, 12:00 p.m. EST).

This dramatic drop has left long-term token holders feeling as if they’ve been served a plate of cold spaghetti—disillusioned and unsatisfied. While the loyalists on social media pointed fingers at whale manipulation, others lamented that the insistence on locking up tokens was akin to tying a lead balloon to the project’s ambitions.

“Why the lockups? You dangle 1k pi after seven long years, and now you want to chain us for years more? People are losing faith and capital! At this rate, Pi will be worth less than a cup of coffee! Bad handlers of the Picoin project,” one disgruntled user lamented, their sarcasm dripping like honey.

According to an Aug. 1 lockup reminder, Pi Network pioneers “can voluntarily choose to create Lockups regardless of their migration status.” There are two types of lockups: pre-migration and post-migration. By creating a new lockup, token holders can boost individual mining rates, which, in theory, supports a robust ecosystem—if only it weren’t so reminiscent of a house of cards.

However, following the announcement, the token tanked, igniting fresh allegations of impropriety against the core team. As previously reported by TopMob, PI also took a dive after a key announcement failed to ignite excitement among the weary holders. Critics have even gone so far as to label the project the “biggest rug of 2025,” a title that surely deserves a trophy.

Future Token Unlocks

Meanwhile, one social media user, Dein, claimed that PI’s retreat was due to major investors making a hasty exit, like rats fleeing a sinking ship.

“Those asking why Pi Network is crashing, here’s the scoop: This month, over 132 million Pi tokens, valued at over $70 million, are set to unlock. Major investors are bailing, and it’s not a pretty sight,” Dein argued, their tone dripping with the kind of sarcasm that could cut glass.

Social media users have also shared what they dubbed the lock-up schedule, a timeline that stretches ominously from now until the end of 2025. As indicated, more than 600 million PI tokens are set to be unlocked from September through December, a countdown that feels more like a ticking time bomb than a celebration.

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2025-08-02 23:57