Pi coin falls to nearly ATL, struggling in a turbulent market.

According to Gate News bot, as reported by Coindoo, the PI coin is the native Digital Money of the popular Pi Network, currently struggling in a tumultuous market, with its trading value hovering around the ATL of $0.40. Data from platforms like Gate shows that the current trading price of Pi/USDT is approximately $0.50316, showing a slight Rebound, while this significant drop marks a critical moment for the project.

Although there has been a slight increase of +0.49% recently, this hardly offsets the significant depreciation that has caused the asset to fall to critical levels. Ongoing downward pressure indicates either strong selling activity or widespread market concerns are affecting an asset that is still in a unique development phase.

It is crucial to note that the Pi Network is still in the "closed mainnet" stage. This means that, despite millions of users globally "mining" Pi through their phones, the coin has not yet been traded directly with fiat or other cryptocurrencies on mainstream exchanges. Pi coins on platforms like Gate typically appear in the form of IOU (I owe you) contracts, reflecting speculative interest rather than the value of a genuinely issued, liquid Digital Money asset. This unique market dynamic exacerbates the volatility of Pi coins and complicates any assessment of what would traditionally be considered a true "ATL".

Despite the challenges in the market, the Pi Network project is still actively showcasing its ambitious future. The official core team recently revealed an important announcement regarding the integration of the network with Generative Artificial Intelligence (GenAI) and plans to release a complete announcement on June 28 during Pi2Day. Co-founder Nicolas Kokkalis participated in the GenAI panel discussion at the 2025 Consensus Conference (Consensus 2025), further highlighting this strategic direction.

This contrast — the speculative market price currently being at an ATL, while project development is active and forward-looking — creates a unique paradox for the PI coin. The Pi Network community eagerly anticipates the release of GenAI, and the next few days will be crucial in determining whether the current low point is merely a temporary market anomaly or a more enduring reflection of its value before potential shifts in the public market trend.