The crypto market has seen its fair share of surprises, which were expected by a few. Pi Network has just beaten XRP, DASH, and other top contenders in a recent Zypto VISA card usage poll. Despite its token price plunging by 22% in just one week, Pi Network came out on top.
This poll asked users to guess which crypto was most used for topping up Zypto VISA Cards during the last week of May 2025. Pi Network claimed the number one spot, and then DASH followed closely. A newcomer, USD1, came in third. Surprisingly, XRP, known as a heavyweight in the space, finished last. The results left many scratching their heads.
Pi Tops the Poll, But Price Tumbles
The poll wasn’t about price performance. It was about usage; real, measurable transactions. That’s where Pi Network came through. It led all other coins in terms of utility on the Zypto VISA Card platform, showing that people are actively using Pi, even if investors are losing confidence.
The win over XRP is particularly notable. XRP has long been a favourite for cross-border transactions. But this time, it lagged behind the competition. According to poll organisers, XRP’s numbers were lower than usual. It simply didn’t get as many top-ups as in previous weeks.
DASH almost overtook Pi Network. While DASH has previously held the top spot, it couldn’t hold off Pi this time. It’s a surprising win, especially for a project that has been criticised for its slow development pace and limited exchange listings.
A Harsh Market Reality for Pi Token
While Pi Network’s users were loading their Zypto cards, the token itself was struggling on the charts. As of May 31, 2025, the Pi token is down to $0.65, a sharp 22% drop from the previous week. That’s a steep fall, even by crypto standards.
The broader market suffered a major sell-off during the same period. Over $170 billion in total value was wiped out across cryptocurrencies. Panic selling, weak economic sentiment, and disappointing tech earnings dragged the market down.
For Pi, this was a tough hit, and not just because of the market. The project hasn’t released any major updates recently. There have been no exchange listings, no new roadmaps, and no big partnerships. The silence is feeding uncertainty.
Investors are getting restless. Without more visibility and access to big exchanges, it’s hard for institutional money to flow in. That’s keeping liquidity low. It’s also making it difficult for price recoveries to gain momentum.
The Gap Between Utility and Price
The twist here is that as the price crashes, utility is rising. People are not just holding Pi but using it. They’re spending it on everyday things, like topping up their crypto cards.
Real-world usage has always been one of crypto’s biggest goals. While many coins sit idle in wallets or exchange accounts, Pi Network is seeing movement, and this is a good sign, at least for now.
This also raises questions like, why is the price dropping if people are actively using it? Why isn’t that usage translating into value? The answer to these questions remains complicated.
What’s Holding Pi Back?
Pi Network is still not listed on most major crypto exchanges, which is causing low visibility. That means less trading volume, less institutional exposure, and limited liquidity.
There’s also a credibility issue. The project has been around for years, but is still considered “in development” by many. Critics say it lacks transparency and isn’t moving fast enough.
No major announcements, no big partnerships, no live mainnet that everyone can interact with. Even loyal users are beginning to question whether the project can deliver on its long-term vision.
What the Charts Are Saying
Technical analysts are cautious. If Pi’s price continues to fall, it could dip below $0.55, which is its current support level. Some even warn it could drop as low as $0.40, especially if the sell-off continues and confidence erodes further.
The only thing that could push it back up in the short term is strong buying pressure. If bulls manage to reverse the current trend, the next resistance level would be around $0.86. But that’s a big “if”.
The market isn’t just about price. It’s about momentum, sentiment, and news. Right now, Pi Network lacks all three.
Still a Community Favorite?
Despite all that, the Pi community remains active. That matters more than most people think. Community-driven adoption is often what keeps smaller projects alive through tough cycles, and Zypto’s usage poll is proof of that energy.
It’s clear that Pi Network users are finding ways to make the token useful. They’re topping up cards, making real-world transactions, and engaging with the tools they have, even when the price isn’t cooperating. It may not impress institutional traders, but it shows resilience.
What Comes Next?
That depends on a few things. If the Pi Network team releases new updates soon, especially around exchange listings or tech milestones, the price could stabilize. Just a few announcements could trigger new demand and reverse some of the recent losses.
But if the silence continues, confidence could erode further. Pi’s challenge is no longer just about building. It’s about communicating. The team needs to show users and investors where the project is going, how it plans to get there, and when. Without that, usage alone won’t save it.
Bottom Line
Pi Network just beat XRP in a real-world usage poll. That’s not a small win. However, the celebration is muted because the token’s value is falling fast, and the project is silent when it needs to speak the loudest.
Still, the fact that Pi is being used more than XRP or DASH for card payments shows there’s demand, there’s a community, and there’s a use case that’s working right now.
The question is whether the price can catch up to the potential or whether this will be another example of a crypto project with real users but no real momentum. One thing is clear. Pi Network is still in the fight, but time is ticking.
