Pi Network token (PI) has dropped from around $3 to $1.72, despite having 86% community support, possibly due to inaction from Binance. Some predict a rally above $4, but extreme targets like $314.159 seem unrealistic given Pi's large required market cap. The recent price decline may be attributed to Binance's lack of action after overwhelming community support for listing PI. Despite the recent drop, some industry participants remain optimistic about Pi's valuation reaching impressive levels in the near future. However, targets like $3.14 and $314.159 would require a market cap well over $2 trillion, making such estimates highly unrealistic.