What happened?
Pi Coin has been sliding for months and is floating around $0.21 after a crash that briefly took it down to $0.17 before bouncing back to the $0.20 support level. The Pi team rolled out DeFi features and a testnet for PiDaoSwap and added DEX/AMM tools to the Pi Wallet ahead of mainnet. At the same time, a new meme project called Maxi Doge is grabbing attention with a big presale and high staking rewards.
Who does this affect?
Pi holders and traders are directly affected since the price action and new DeFi tools will influence buy, sell, and hold decisions. DeFi users and liquidity providers on the Pi network will be watching PiDaoSwap closely because it could become the go-to trading hub for Pi tokens. Speculative traders and yield hunters might shift capital toward Maxi Doge’s presale, which could pull liquidity and attention away from Pi.
Why does this matter?
If PiDaoSwap delivers and draws liquidity, it could strengthen Pi’s DeFi ecosystem and support longer-term value, but the price outlook is still bearish unless momentum pushes it above $0.23. Technicals show Pi is oversold and might see a short bounce, yet a sustained rally needs real adoption and trading activity. The rise of high-yield meme projects like Maxi Doge adds competition for capital and hype, raising volatility and risk for investors considering Pi.