# Pi Token Down 71% Ahead of Developer Summit This Week

By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-11-15

bsc news brief, crypto news

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Pi Network's token has dropped 71.5% over the past year, falling from a market cap above $18 billion in February 2025 to roughly $700 million now. The token trades nearly 98% below its February 2025 peak of about $3, according to exchange data.

The project's first Ecosystem Summit runs online November 17-19, focusing on developer tools and applications rather than community celebrations. Founders Chengdiao Fan and Nicolas Kokkalis will present alongside app demonstrations and a $200,000 hackathon. Market observers suggest sentiment will depend on whether showcased applications create actual demand for the PI token through real utility requirements.

**Read the full story on BSC News:** [Pi Network Price Falls 71.5% in a Year Ahead of First Pi Ecosystem Summit](https://bsc.news/news/pi-network-price-ecosystem-summit?utm_source=paragraph&utm_medium=brief&utm_campaign=article_wire)

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*Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/pi-token-down-71percent-ahead-of-developer-summit-this-week)*