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Worse than a rug pull: the rise and fall of pi

Crypto Controversy | Pi's Value Plummets Over 90% Amid Silence from Management

By

Elena Rossini

Mar 30, 2026, 09:22 AM

2 minutes of reading

Graph showing significant drop in Pi cryptocurrency value with worried investors in the background

A growing concern is brewing as Pi, a cryptocurrency that peaked in popularity, has lost more than 90% of its value since its all-time high in February 2025. Despite this dramatic decline, the project's management remains silent, while users express frustration and confusion.

The Struggling Reputation of Pi

What was once touted as the next big thing in crypto is now facing severe backlash. App users feel betrayed as they continue to invest and mine the token, yet the value keeps plummeting. One commenter states, "I mean lots of people invested in the coin afterwards," suggesting a community still willing to believe in the project.

Conversely, another perspective arises from those who have benefited from free mining. "I have been mining for free and have 20k pi. For me, it’s free money, and I’m not selling yet," shares a user. This showcases the duality of sentiment surrounding Pi: some see opportunity where others see despair.

Community Reactions

The ongoing debate escalates as community members share mixed feelings:

  • Disillusionment with Leadership: Many are frustrated that management has not provided updates, heightening the sense of disillusionment.

  • Investment Risks: Users are split; while some feel trapped by investment losses, others believe they will bounce back.

  • Mining Experience: A faction still engages positively, highlighting the benefits of free mining amid the turmoil.

"This is worse than a Dead Crypto or a Rug Pull!" one agitated user exclaimed, illustrating a widely shared sentiment.

What’s Next for Pi?

The silence from Pi's leadership has triggered questions about its future viability. Will the coin find its way back, or is it doomed to fade into obscurity? Potential investors may want to tread carefully as the situation evolves.

Key Points to Consider

  • 🌟 90% drop in value since February 2025.

  • 🚫 Management's silence raises eyebrows amid falling user trust.

  • πŸ’° Some users see mining as a way to profit, avoiding losses.

  • ⚠️ Ongoing division between hopeful miners and frustrated investors.

As the crypto world watches, the fate of Pi remains uncertain. Its trajectory is a somber reminder of the volatile nature of digital currencies, urging both caution and strategic thinking among investors.

Future Scenarios for Pi's Evolving Landscape

There’s a tangible chance that Pi may experience further volatility in the coming months, as the silence from its management casts doubt on its sustainability. Experts estimate that if leaders don't communicate soon, a significant number of users could abandon ship, potentially pushing the coin's value even lower. Conversely, if Pi's team finally engages with the community and shares a solid plan, there's a possibility that confidence could slowly rebuild, leading to a gradual recovery. However, this hinges on their ability to address the community's concerns and offer a clear vision, which remains uncertain at present.

Unlikely Lessons from History

Interestingly, the situation mirrors the 2000s dot-com bubble when numerous tech companies saw their stock values soar, only to plummet when reality set in. Some firms that survived, like Amazon, turned the tide by innovating and listening to their customers. While Pi's fate is still up in the air, it serves as a reminder that resilience often hinges on adaptability and the will to engage with one's audienceβ€”something crucial for any venture that hopes to rise from the ashes of public skepticism.