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PI traded near $0.127, close to its all-time low of about $0.1189, as thin trading volume kept the $0.10 level in focus.
The token fell about 8.5% over seven days, with 24-hour trading volume around $9 million and a market capitalization near $1.36 billion, leaving it only slightly above its record low.
PI Trades Just Above $0.1189 All-Time Low
The latest decline followed a move below the $0.13 area, which traders had been watching as short-term support.
If PI fails to reclaim that level, $0.10 becomes the next major downside level for the market to watch. The token’s current price leaves little room between the recent all-time-low zone and the psychological $0.10 mark.
Volume Equals Only 0.52% of Market Value
Liquidity remains one of PI’s main weaknesses. Twenty-four-hour trading volume was about $7.1 million, or roughly 0.52% of market capitalization, a relatively low ratio for a token valued at more than $1 billion.
Low volume can make price moves sharper because fewer buyers or sellers are needed to move the market. For PI, that means the next break or rebound may depend heavily on whether trading depth improves.
June Unlocks Still Total 159M PI
Token unlocks remain the main supply risk. More than 159 million PI tokens were scheduled to enter circulation in June, with average daily unlocks exceeding 5 million tokens.
The largest single-day unlock was expected on June 11, at nearly 16 million PI. That supply is arriving while spot demand remains weak. If fresh tokens move toward exchanges, buyers will need to absorb more PI while trading volume stays thin.
June 5 App Update Has Not Lifted PI Price
Pi Network has continued to promote ecosystem work, including app development, AI-related tools and new developer activity. Its official blog listed a June 5 update inviting users to help bring AI-created apps into the Pi ecosystem. That followed earlier May updates around CiDi Games and Consensus 2026.
Those updates may support Pi Network’s longer-term utility case, but they have not stopped PI from trading near record lows. Until volume improves, PI remains close to its weakest price level with $0.10 still in focus.
