Pi Network is facing a significant price drop, with the cryptocurrency currently trading around $0.74 after a sharp correction of 60%. This follows a peak in May 2025 when it reached $1.67, but concerns over market volatility are driving this decline. While the Pi Network community remains optimistic regarding future opportunities, the potential for price stability is causing apprehension among traders. Experts have observed increased trading activity, reaching up to $124.21 million, indicating a heightened level of engagement within the ecosystem. Despite the recent downturn, Founder Dr. Nicolas Kokkalis and his team remain silent on this issue. The Pi Network continues to focus on its mainnet readiness, with market analysts highlighting the anticipated utility and future adoption as key factors influencing market sentiment. The overall market capitalization currently sits at $5.38 billion, while traders are taking advantage of this volatility, seeking new trading opportunities in a fluctuating environment. Market analyst notes: ‘While concerns about price stability exist, the focus remains on anticipated mainnet activity and future developments,’ hinting at potential rebound. The Pi Network’s journey is similar to other newly launched cryptocurrencies, experiencing initial bursts of hype followed by typical post-launch corrections. Whether this current dip signals a lasting trend or merely a short-term correction remains to be seen as the future hinges on the network’s continued development and DApp launches.