2025 has been a rollercoaster year for the cryptocurrency market. Although Bitcoin, XRP, Ethereum, and BNB all hit new highs at different times, many assets failed to sustain momentum and ended the year in deep losses. The highly anticipated launch of Pi Network and its native PI token initially attracted a lot of attention, briefly pushing its market cap into the top 10 altcoins. The token approached a historical high of $3.00 in late February, sparking wild speculation—including rumors of an #PI target related to the mathematical constant π. Pi Network$314 source: X( reality, however, proved to be much harsher. Despite frequent updates from the core team, PI plummeted over 94% in early October 2025, hitting a historic low of $0.172)CoinGecko data(. As Christmas 2025 approaches, PI has rebounded above $0.20 but still remains below the February level.