It has been almost a year since the PI token from Pi Network began trading on several cryptocurrency exchanges. For many investors, the journey has been disappointing so far. The PI token did something many hoped would not happen: it rose to an all‑time high of $2.99 in late February 2025, and then it fell very hard. In less than a year, PI lost more than 95% of its value. The last few weeks have been especially painful, with the price hitting new lows one after another.
As of the latest updates, PI traded around $0.1338 on CoinGecko after a drop of about 40% in the last month. It has managed to bounce back slightly to around $0.145, but a big question remains: could it drop even further?
To get a different view, we looked at what artificial intelligence tools like ChatGPT and the stock‑market style thinking from Gemini have to say. These tools aren’t predicting the future, but they offer ideas based on current data and market patterns. Below, you will find a simple summary of their thoughts, written in easy language.
What AI helpers are saying
ChatGPT, a language model from OpenAI, says PI’s price problems are not just about one small change. It notes that PI has not shown strong positive responses to the latest network updates. Those updates are changes developers make to the way the token works or how people use it. When the updates don’t impress investors, people worry more about how much PI is available to buy and sell. This is called market sentiment and liquidity—the feeling investors have about the asset and how easy it is to trade it without moving the price too much.
In simple words, if there isn’t enough demand (people wanting to buy) for a token and there are many sellers, the price can fall quickly. ChatGPT mentions that PI has weaker liquidity buffers compared with more established coins. A big wave of selling can push the price down very fast, which is what has been seen in the recent drop. The model also talked about how supply dynamics—the number of tokens available for sale at any given time—are influencing how people feel about PI right now.
ChatGPT also sketches some possible future paths. On the downside, it presents an extreme bear case where PI could fall to roughly $0.06 to $0.08. This would be a very large drop, and it would happen if token unlocks continue to increase the number of tokens that can be sold, liquidity stays thin, and the overall mood of the broader market becomes even more negative. A scenario like this is called a capitulation phase, where many investors decide to sell at the same time. But ChatGPT also says this is the extreme case. A more likely path, according to the model, is a decline to around $0.10 before the token finds some kind of bottom and a steadier level of support.
Gemini’s chart view and possible routes
Gemini, the exchange and market analysis firm, looks at the daily price chart of PI and paints a darker picture. It describes a “stairway to hell” that began when PI fell under $0.20. The term means a steady, step‑by‑step decline with each move lower. Gemini is especially concerned because the token is now in what it calls “no man’s land” below $0.15. If PI cannot reclaim $0.16 by the end of the week, the next key price zone is seen around $0.05 to $0.06. That would be another fall of about 65% from the current levels. In simple terms, the price could drop a lot if buying interest does not return.
There is also a more dramatic scenario Gemini calls the “zombie chain scenario.” In this case PI could drop below $0.05. The coin could end up with many people holding it (a high holder count) but very little trading activity, which is what traders call a zero trading volume situation. In such a condition, the token is still owned by many people, but there isn’t much buying or selling happening. Gemini says the chance of this scenario is possible but not very high—perhaps less than 20%—and it would require a lot of investor fear, big selling from the core team, and a broad market collapse.
In short, the AI‑inspired views emphasize risk: if big token unlocks continue, liquidity stays thin, and the overall market mood weakens, PI could test very low prices. If buyers return or at least some market confidence comes back, it might stabilize at a lower level rather than flying back to the $2+ range. The exact outcome depends on many moving parts, including future network updates, investor demand, and overall growth in the cryptocurrency market.
What does this mean for investors?
Investing in tokens like PI is always risky. Prices can swing a lot even when a project has a positive story. The recent price action shows how quickly a token can rise and then fall when investors become worried or when a lot of tokens become available for sale at once. It is important to understand a few basic ideas before making decisions:
- Supply dynamics: Sometimes project teams unlock more tokens for sale. When more tokens become available, selling pressure can grow and push prices down. In simple terms, imagine having a limited number of candies to sell. If suddenly a lot more candies are put on the market, the price might fall because there are more options for buyers.
- Liquidity: This is how easy it is to buy or sell a token without changing its price too much. If liquidity is low, a single big sale can push the price down a lot. If liquidity is high, the market can absorb big trades with less price impact. This is similar to having enough people ready to buy when you want to sell a big block of items.
- Bear market: A period when prices generally go down and many investors feel pessimistic. In finance, a bear market means prices have fallen by 20% or more from recent highs for a sustained period. The PI situation is often discussed in the context of a wider bear mood in crypto markets.
If you want to understand these ideas better, you can read simple explanations at these links. They point to short, clear definitions that help explain the terms in everyday language:
- Cryptocurrency — a digital money that exists on a computer network and uses a technology called a blockchain to record who owns what
- Decentralized finance — financial services built with smart contracts on blockchains, without traditional banks
- Market capitalization — the total value of all coins in circulation, calculated by price times the number of coins
- Bear market — a period when prices fall and people feel negative about the market
- Liquidity — how easy it is to buy or sell something without changing its price much
For those thinking about buying or selling PI, these AI perspectives highlight why it is important to be cautious. The token’s price is moving due to many factors, including how investors feel, how many tokens can be sold, and how much money is coming into the broader crypto market. Always do your own research and consider your own risk tolerance before making any investment decision.