Pi Network Crashes 55% as Pi Day Countdown Begins – Are Whales Manipulating Prices? 

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Harvey Hunter

Junior Content Creator

Harvey Hunter

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Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Last updated: 

March 9, 2025

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Despite “Pi Day” anticipation, Pi Network has plummeted over 55% since the start of the month, derailing Pi price forecasts with a $1.25 low before rebounding in the new week.

Now, with a 24-hour 100% increase in trading volume to $1 billion, it seems there has been a “buy the dip” market reaction to the front-running altcoin’s decline.

Such volatility has become synonymous with the token. Its highly anticipated debut and mainnet launch led to a 65% crash, only to be followed by a 400% rally in the weeks after.

With this track record, traders are beginning to question whether whale manipulation is at play.

What’s got Pi Down? Is Whale Manipulation at Play?

PI’s market structure makes it vulnerable to such manipulation. With few dApps built around the token, its price is primarily driven by speculation rather than actual use cases.

Without meaningful real-world adoption, Pi remains a prime target for short-term speculative trading, making it especially prone to sharp price swings.

Market analysts suggest that whales may be employing a “pump-and-dump” strategy—artificially inflating prices before mass sell-offs to capitalize on volatility.

Whale manipulation is a credible argument, broader economic pressures—such as US Trump’s “tariff war,” NATO tensions, and weak U.S. jobs data—are contributors to the March Drop.

All the while Pi Network is facing internal setbacks. An anticipated Binance listing, after receiving 86% approval in a community vote, has been delayed with no comment from the platform.

Pi Price Analysis: Could There Be Another 400% Rebound?

While Pi Network finds itself in a similar situation to February’s crash, a 400% rally from this point seems unlikely.

The recent breakdown from a symmetrical triangle pattern forming since late February has yet to hit its projected bottom at $0.87, suggesting a potential further 40% decline.

However, an early exit may be possible with the successful rebound from a key support zone that has held throughout the pattern—especially as indicators show bearish momentum easing.

The Relative Strength Index (RSI) is recovering after briefly touching the oversold threshold at 30, while the MACD line is on the verge of a golden cross—both signs of strengthening buying pressure.

The immediate resistance at $1.243 will be a key test of whether this rebound has staying power.

This ICO Unlocks the Best of the Bull Cycle

Pi Network relies heavily on catalysts like exchange listings for growth—but that dependence has left it stuck, with investors missing out on key bull market gains.

This is the final year of the four-year halving cycle, where the real money is made. MIND of Pepe ($MIND) is positioning traders to get in early and stay ahead.

As a self-improving AI, MIND of Pepe is designed to deliver exceptional value to $MIND token holders.

It will actively engage with the crypto community through its X account—driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights.

Inside its Telegram community, holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve.

At the time of writing, MIND has raised almost $7.2 million in its ongoing presale, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents.

You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website.