Pi Network (PI) Slips 5% Daily, But Community Sentiment Remains Strongly Bullish

Many well-known altcoins, including Cardano (ADA), Hyperliquid (HYPE), and Zcash (ZEC), have posted some gains over the last 24 hours, yet Pi Network’s PI has failed to join the party.

Despite its renewed slump, though, the crypto community sentiment toward it is highly bullish.

Bad News?

It’s quite challenging to find a leading cryptocurrency that has performed worse than PI over the past year or so. The token saw the light of day in February 2025 and at first rocketed to $3, while its market capitalization neared $14 billion.

However, what followed next was a major retreat, and now it trades at around $0.08, which is quite close to the all-time low of approximately $0.07 and represents a 97% crash from the historical peak.

That said, it seems rather strange that the crypto community remains predominantly optimistic about the token. At least that is what CoinMarketCap suggests, noting that it holds the second-highest bullish sentiment in the entire market. The first spot is for Kaspa (KAS), while industry leaders like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) rank below PI.

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