Pi Network emerged as the most-used cryptocurrency for topping up Zypto VISA Cards, surpassing industry heavyweight XRP. An online poll conducted by Zypto asked crypto users to identify which token saw the highest usage for card transactions over the past week. Pi Network claimed the top spot, edging out DASH, which has previously dominated this metric. A relatively unknown contender, USD1, took third place, while XRP lagged at the bottom—marking an unexpected downturn in activity from the Ripple-backed asset.
So, your guess for which of these cryptocurrencies were used most over the last 7 days was:
— Zypto App (@ZyptoApp) June 1, 2025
1st: $Pi
2nd: $USD1
3rd: $XRP
4th: $DASH
Well, you got 1 out of 4 right! 😂$Pi was indeed the most used of the 4, but $DASH was VERY close in 2nd place. Other weeks it's actually been… https://t.co/HCiTpOaOSz
Poll organizers noted that while DASH has typically led in past weeks, Pi Network’s rise reflects a growing community engagement in day-to-day crypto use. XRP’s decline in usage suggests waning enthusiasm among retail users for payment-related utilities within the Zypto ecosystem.
Token Utility Rises, But Pi Price Nosedives
Despite topping usage charts, Pi Network’s token price tells a very different story. As of May 31, 2025, the PI token has plunged 22% in just seven days, falling to $0.65 amid a broader market crash that erased over $170 billion in crypto market value. The decline highlights a stark disconnect between the token’s real-world utility and its market valuation.
Key reasons behind this drop include the absence of new project developments, lack of transparency from the core team, and Pi’s continued exclusion from major cryptocurrency exchanges. These challenges have resulted in poor liquidity and little institutional interest, further pressuring its market price.
Also Read: Pi Network (PI) Price Struggles Below $0.66 as May Gains Fully Retraced
Can Pi Network Recover from the Sell-Off?
Looking ahead, analysts caution that Pi Network may face even tougher times if current trends persist. If selling pressure continues, the token could breach its $0.55 support and fall to a new low of $0.40. A recovery to $0.86 is possible, but would likely require a broader market reversal and renewed investor confidence.
Despite its falling price, Pi Network’s utility in platforms like Zypto VISA suggests the project retains relevance among everyday users. Still, the widening gap between utility and token value raises important concerns about the long-term sustainability and trust in Pi Network’s economic model.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
