In March 2025, Pi Network has seen a significant decline of over 55%, dropping to 1.25 USD before a slight rebound. This dip is particularly notable as it occurs ahead of the annual Pi Day.

Speculation mounts that whales may be influencing the volatility of Pi’s price, exploiting market conditions exacerbated by geopolitical tensions and economic data. Traders are increasingly questioning this price manipulation.

Despite a recent 24-hour trading volume surge of 100% to 1 billion USD, market indicators remain bearish, suggesting that hopes for substantial recovery in Pi Network’s price may be unrealistic in the near future.