Pi Network Token Plummets to Record Low Amid Slow Development and Weakening Community

The Pi Network token has been on a downward trend in recent months, with its value plummeting by nearly 20% to reach a record low of $0.118.

This decline is largely attributed to the project's slowing development and weakening community engagement, which have led to a loss of investor interest and confidence in the cryptocurrency.

The broader crypto market's downturn has also had an impact on Pi Network, with Bitcoin's price fall from $64,000 to $61,366 contributing to the decline.