Pi Network token hits new all time low as pioneers sell

The cryptocurrency Pi Network (PI) plummeted to a new all-time low on Monday, July 13, 2026, amid a wave of selling from its long-term holders and concerns over a massive upcoming token release. The digital asset fell approximately 17 percent in a single day, briefly touching $0.0785, according to market data.

This sharp decline extends a prolonged and severe downturn for the token. Since the start of 2026, PI has lost more than 60 percent of its value, positioning it as one of the worst-performing cryptocurrencies with a market capitalization above $1 billion. From its all-time high of $2.99 in February 2025, the token has now collapsed by 97 percent. Trading volume surged 129 percent to $17.7 million during the sell-off, indicating intense selling pressure.

The sell-off has been widely attributed to reports that the network's original users, known as "pioneers," are liquidating their holdings. This activity coincides with anticipation of a major token unlock, with data indicating over 127 million PI tokens are scheduled to enter circulation in the coming weeks. Analysts suggest the prospect of this increased supply has prompted holders to sell preemptively, overwhelming...