Pi Network's native token, PI, has plummeted to a three-month low, dropping by approximately 10% to $0.155 before stabilizing around $0.16. This decline comes amid a broader market sell-off affecting major cryptocurrencies, including Bitcoin, which fell below $78,000. PI's market cap has also slipped below $1.7 billion, pushing it out of the top 50 altcoins by market cap. Despite a relatively small number of tokens scheduled for unlocking in the coming weeks, analysts warn of potential further declines if PI fails to reclaim the $0.165 level. The token's recent inability to break past the $0.20 resistance has contributed to its downward trend. Upcoming token unlocks, with some days seeing over 15 million tokens released, could further pressure PI's price.