Pi Coin just crashed by over 50% – a move that still makes it a better performing asset than Mantra’s $OM.

We're talking about a brutal 52% plunge from recent highs that sent the mobile-mining darling from $0.77 back down to $0.66.

The project that once had millions of people tapping their phones for magic internet money is now looking more like a falling knife than a moonshot.

The Price Rollercoaster

Pi's chart looks like the EKG of someone watching their life savings evaporate in real-time.

After bottoming out in early April, the token pumped 80% when degen money flowed back in during the brief market recovery.

The Chainlink integration briefly pushed Pi to $0.78 and a $5 billion market cap, which had moonboys ordering Lambos on credit.

But that excitement faded faster than interest in NFTs after the 2022 crash, and now Pi's stuck below the critical $0.75 resistance.

The Tokenomics Nightmare

Things get really ugly when you consider Pi's circulating supply is 6.87 billion, but even more hideous when you realize that the total supply is a whopping 100 billion tokens.

That's like saying, "Here's your slice of pizza" while hiding 14 more entire pizzas behind your back… hope you’re hungry for more token inflation. 

Over 1.56 billion tokens are scheduled to be unlocked in the next year, basically guaranteeing more downside pressure.

Good luck maintaining value when there's an endless tsunami of tokens coming to dilute everyone's bags.

Exchange FOMO

Pi still hasn't landed on any major exchanges, making matters even worse for the ailing community..

The community is huffing hopium that Binance or Coinbase will list it this year, but we've heard that same rumor since Pi launched.

Right now, Pi trades on exchanges you've probably never heard of, leading to spreads as wide as some random meme coin.

Limited liquidity means even moderate selling pressure can tank the price almost immediately, creating a negative feedback loop in which serious investors won’t touch it with any serious investment.

Technical Levels Matter

Pi's immediate lifeline sits at $0.64, which is holding about as securely as a wet paper bag.

If that breaks, we're looking at a quick trip to $0.62 or even the all-time low of $0.40 – AKA rekt territory.

On the flip side, a decisive break above $0.75 could send Pi to $0.80-$0.84, with moonboy targets around $1.73 if Bitcoin doesn't tank the market first.

But the MACD and RSI are flashing some serious warning signs that stack up nicely with the crazy inflation metrics we mentioned above. 

The Community Copium

Despite the price bloodbath, Pi still has a massive community of 4.3 million followers who refuse to sell.

The recent Pi Fest showcased 125,000 registered sellers and 1.8 million users actually doing something with the token.

That's impressive engagement for a project most serious traders dismissed as multilevel marketing with a blockchain twist.

But community size doesn't always translate to price action – just ask DOGE holders waiting for Elon's next tweet.

Pi Eating Its Cake 

Pi Coin has more red flags than a Soviet parade, starting with those tokenomics that practically guarantee inflation.

The mobile mining gimmick got millions hooked, but without major exchange listings or solving the supply problem, sustained recovery looks about as likely as ETH gas fees dropping to pennies.

For now, Pi remains a high-risk gamble that could either 5x or flatline completely – the crypto equivalent of a scratch-off lottery ticket.

If you're still bullish on Pi, at least watch those key levels – especially that $0.64 support that's holding this whole house of cards together.