Pi Coin tests the $0.20 support after losing 90% since its launch in February

Source: Yellow Original Title: Pi Coin tests the $0.20 support after losing 90% since its launch in February

Original Link: https://yellow.com/es/news/pi-coin-pone-a-prueba-el-soporte-de-020-tras-perder-el-90-desde-su-lanzamiento-en-febrero Pi Network (PI) registered a 30% increase in its 24-hour trading volume, reaching $17 million, while the token traded near $0.21, marking a modest recovery from depressed levels.

The volume rebound comes as Pi struggles below key psychological levels, nearly a year after its controversial mainnet launch.

Pi Coin remains over 90% below its February 2025 high despite the recent volume increase.

What happened

Pi Network launched its Open Mainnet on February 20, 2025, allowing for the first time external trading after years of operation on a closed network.

The token initially surged above $2 after being listed on exchanges but quickly collapsed.

Trading volume has remained below $20 million daily, reflecting limited market depth.

The 30% increase in volume represents movement from extremely low liquidity levels rather than sustained institutional or retail interest.

Why it matters

Pi Network’s persistently low trading volume exposes fundamental liquidity challenges that have affected the project since the mainnet launch.

The maximum supply of 100 billion tokens and limited exchange listings have contributed to price instability.

Major exchanges, including certain head exchanges and compliance platforms, have not listed Pi Coin, citing regulatory concerns.

The current support level of $0.20 represents a critical psychological territory that has attracted accumulation multiple times since October.

Losing this level could trigger accelerated selling toward lower support zones established during the post-launch decline of the token.