Pi Coin Price Crashed 21% in a Day: Network Survive or Collapse?

Why Pi Coin Price Crashed After Consensus 2025: Key Reasons Unpacked

The Pi Coin team is in fear after a shocking 21% price drop following the much-anticipated Consensus 2025 conference from May 14–16. The coin, once promoted as a Web3 pioneer, is now on the defensive. According to CoinMarketCap, Pi was at $0.6874 with a market cap of $4.92 billion and $573.67 million 24h volume. It's lost 63% since its all-time high of $2.98.

Source: CoinMarketCap

The recent collapse and prolonged fall have given us all pause—is it reaching bottom yet?

Why is Pi Coin Crashing: Event Fallout, Binance Rejection & Delay Sorrow

Consensus 2025 Disappointment: Pi Network's CTO Dr. Nicolas Kokkalis spoke at the event about topics of decentralization and blockchain application in DeFi, health, and education. Promising as it was, the address had no actual timelines, particularly on the mainnet launch.

Source: X

The unclear roadmap brought about disappointment to the community.

No Binance Listing: Binance has not listed it, despite the fact that the project was given an 86% vote by the community in February 2025. Binance explained that the public can vote but decisions are made after internal project evaluations. 

This deafening silence from Binance left many to wonder if the project would not be considered important enough by major exchanges.

Likewise, Bybit CEO Ben Zhou had previously also called Pi a scam when it was in its nascent stage. Statements made by prominent platforms like these drain investor confidence.

Delayed Mainnet launch Frustrated the Community: The project started back in 2019 and finally saw a partial launch on February 20, 2025. A six-year delay already made the community tired of waiting. The recent lack of solid updates during a big event like Consensus only increased the pressure.

Will Pi Coin Collapse Become a Reality?

Many people now wonder if it is going the same way as some older coins that created hype and then disappeared. According to Wallet Investor, several tokens have followed the same path.

Take Enjin Coin (ENJ), for example. It once reached a high of $4.85, then fell to just $0.015. Other examples include Quant, BOXX, and Hydro. These projects once had strong support but are now seen as pump-and-dump tokens.

The token also hit an all-time high of $2.98, but it has now dropped to as low as $0.4012. The current crash, weak updates, and exchange rejections are signs that the platform may be losing relevance.

Dr. Altcoin, a known figure in the crypto space, shared a recovery roadmap. He suggested forming a real VC team in 6–12 months, supporting developers in 3–6 months, and launching strong DApps within two years. But many believe it might be too late.

Conclusion

After years of waiting, unclear communication, and the latest crash after a major event, the coin is in a tough spot. Unless the platform takes immediate and clear action, it risks ending up like many other forgotten crypto projects.