Pi Token is experiencing a dramatic price decline, plummeting to a record low of just over $0.5 in the past 24 hours. This comes after allegations from former supporters that the project is potentially a ‘slow rug pull,’ alongside ongoing questions about the team’s long-term viability. The token’s performance mirrors the broader cryptocurrency market’s recent struggles following tariffs imposed by Donald Trump. Notably, Pi stands out as one of the largest losers in the top 100 altcoins. While it initially soared to an all-time high above $3 after launch, a dramatic crash has sent its price plummeting, leaving it down over 81% from that peak. This decline follows a critical analysis of the project by prominent crypto commentator Dr Altcoin who raised concerns regarding Pi’s long-term sustainability and market cap due to limited exchange listings and lack of transparency. Dr Altcoin advocates for aggressive token burn strategies as a means to increase price stability, suggesting this might be the only solution to address the current situation and build a more stable network in the long run.