Cardano (ada) 
The Pi Network continues to struggle, with its token experiencing a significant drop in value. On Tuesday, June 17, the cryptocurrency saw an 11% decline, hitting a daily low of $0.5311. This erased the gains it had accumulated over the preceding days. A broader negative trend in the cryptocurrency market further contributed to the diminished enthusiasm surrounding the network’s latest updates.
Recent Decline in Pi Network’s Value
Over the course of two days, the price of Pi Network’s token fell from a high of $0.6345 to $0.5450. The decline began shortly after June 15, coinciding with an announcement that .pi domain auctions would transition into a standalone app, separate from the network’s primary mining functionality. Unfortunately, this development failed to generate excitement among investors and users.
Why the Announcement Fell Flat
Most Pi Network users remain more focused on the platform’s core mobile crypto mining feature, which rewards users for app activity. However, these mining rewards have been steadily decreasing, leading to widespread dissatisfaction. Many users have expressed frustration, stating that the rewards are now so minimal that participation feels less worthwhile. By March 2025, even diligent miners reportedly earned only 2.1 Pi per month, valued at less than $2.
Given that declining mining rewards are an integral aspect of the Pi Network’s design, the platform risks losing both users and value unless it can shift its narrative. To sustain engagement, the team must encourage users to adopt a long-term investor mindset rather than focusing solely on cashing out mining rewards.
Security Concerns: PiChain Password Leak
Adding to the network’s challenges, a recent security breach involving PiChain Global has further shaken user confidence. PiChain Global, the company behind the Pi Chain Mall e-commerce platform, suffered a password leak. This prompted an urgent warning for users to update their credentials to prevent unauthorized access and potential asset theft.
“We’ve received reports of leaked Pi account passwords, which may allow unauthorized access to your Pi Browser and lead to asset theft. To secure your PCM account, please bind your email and update your password immediately.”
PiChain Global, which enables users to trade goods and services using Pi tokens, is not officially affiliated with the Pi Network. However, the incident has cast a shadow over the entire ecosystem, raising concerns about the platform’s overall security and reliability.
Steps to Enhance Account Security
To protect your assets and secure your account, consider the following tips:
- Regularly update your passwords and use strong, unique combinations.
- Enable two-factor authentication (2FA) whenever possible.
- Bind your email address to your account for added security.
- Avoid sharing sensitive login information with third parties.
Looking Ahead
As the Pi Network faces mounting challenges, including declining mining rewards and security concerns, its ability to retain users and sustain its value remains uncertain. To regain trust and enthusiasm, the platform must address these issues proactively while presenting a clear vision for long-term growth. Without significant improvements, the network risks losing its appeal among both new and existing users.
