Overview

• PI rebounded to roughly $0.28–$0.30 after sinking to a fresh record low near $0.19–$0.22 earlier this week, leaving it about 90% below February’s $2.98 peak.
• The largest known holder has accumulated more than 350 million PI but has paused purchases, with the last buy reported a few days before the latest slide.
• Scheduled supply increases continue, with about 34.7 million tokens unlocking this month, 121.5 million in October, and roughly 1.265 billion over the next year.
• Institutional uptake remains minimal as Valor’s Swedish Pi ETP reports SEK 32,075 in assets—about $3,400—one month after launch.
• Liquidity and access are constrained, with no major new exchange listings since mainnet, while technicals show oversold readings even as trend signals stay bearish.