The cryptocurrency market has faced heavy losses in recent weeks, and Pi Network‘s PI token has not escaped the damage. On Thursday, the entire market saw a sharp decline, with numerous cryptocurrencies suffering double-digit price crashes. As a result, PI reached a new all-time low, dropping below $0.135, marking a more than 30% decrease over the past month.
Despite the low price, the transaction volume with Pi has increased in the last 24 hours by
124%. This shows increased interest in Pi despite the manipulation games done by whales.
@PiCoreTeam pic.twitter.com/sDQijIN5ri
— victor nita (@blue_explorer69) February 6, 2026
The PI token has plunged significantly, now sitting at a low of under $0.135 according to CoinGecko. This drop means that the asset has shed over 30% of its value in just one month. More alarmingly, PI has experienced a drop of more than 95% from its all-time high reached on February 26, 2025. Investors are watching closely, with some looking for signs of a potential recovery, while others remain cautious.
Despite these massive losses, some Pi Network community members are finding silver linings. One community member pointed to the growing PI transaction volume, claiming it reflects increased interest in the token. They argued that, despite the market manipulation by whales, the higher transaction volume indicates that the PI token is still gaining attention from investors. However, this sentiment remains largely unverified as PI’s value continues to fall.
A key factor driving the current PI price crash is the unlocking schedule for new tokens. Data from PiScan reveals that nearly 8 million coins will be unlocked on average over the next month. The situation becomes more concerning when considering that on February 12, more than 18 million tokens will be unlocked, followed by 23.6 million tokens on February 13.
This increase in unlocked tokens has led to fears of further price pressure. Investors who have been holding onto their tokens for a long time will now be able to sell. With such a large volume of coins being made available, many investors may choose to liquidate their holdings, further contributing to PI’s decline in price. As a result, the selling pressure could increase, pushing the token’s price even lower in the coming days.
There is some hope for the Pi Network, with rumors circulating that Kraken, a major cryptocurrency exchange, might list the PI token soon. Such a listing could boost PI’s liquidity, giving the token more exposure in the market. Investors believe that this move could increase Pi Network’s legitimacy among traders, possibly alleviating some of the selling pressure that has plagued the token recently.
In addition to the Kraken rumors, it is important to note that the number of unlocked tokens will decrease after February 20. This could provide some relief from the selling pressure in the future.
The post Pi Network PI Token Crashes, But Kraken Listing Rumors Bring Hope appeared first on CoinCentral.
