Why did the price of PI go up?
Pi (PI) increased by 3.89% in the last 24 hours, keeping pace with the overall cryptocurrency market, which grew by 1.66% in market value. The main factors behind this rise include:
- Ecosystem momentum – The launch of the PiOnline gaming platform and Pi’s Gold Sponsorship at Token2049 boosted investor confidence.
- Supply constraints – A reduction in mining rewards in September made PI tokens harder to earn, increasing scarcity (now it takes over 15 days to mine 1 PI).
- Technical rebound – Positive signals from technical indicators like the MACD and RSI encouraged short-term buying.
Deep Dive
1. Ecosystem Growth (Positive Influence)
Overview: On September 3, Pi Network introduced PiOnline, a platform that combines gaming with decentralized finance (DeFi). Users can earn rewards by engaging with free virtual land and staking tokens. At the same time, Pi became a Gold Sponsor at Token2049, a major Web3 conference happening in October 2025, signaling efforts to attract institutional interest.
What this means: These initiatives are designed to keep current users active and bring in developers, addressing past concerns about how useful the token really is. Being visible at Token2049, a top event in the blockchain space, also adds credibility to Pi.
Watch: Keep an eye on how many people start using PiOnline and any new partnerships announced at Token2049.
2. Mining Rate Cut (Mixed Effects)
Overview: In September, the rate at which new PI tokens are mined was reduced, meaning it now takes more than 15 days to mine 1 PI without bonuses. This slows down the creation of new tokens. However, there are already 8.04 billion PI tokens in circulation, and 149.5 million tokens are set to be unlocked this month, which could increase supply.
What this means: Slower token issuance might help stabilize or increase prices if demand grows. But the large amount of tokens being unlocked (worth about $53.5 million at $0.358 per PI) could counteract that by adding more tokens to the market.
Watch: Monitor how many tokens move onto exchanges after unlocking and PI’s turnover rate (currently 1.23%, compared to Bitcoin’s 4.1%), which shows how easily tokens are traded and potential liquidity issues.
3. Technical Rebound (Neutral)
Overview: PI’s price bounced back from oversold levels, with the Relative Strength Index (RSI) at 44.48 and a bullish crossover in the MACD indicator. However, the price is still below a key resistance level at the 30-day Simple Moving Average (SMA) of $0.3572.
What this means: Short-term traders likely took advantage of these technical signals to buy PI. Still, the long-term outlook remains cautious since the 200-day SMA is at $0.706, nearly double the current price, indicating ongoing downward pressure.
Watch: A price close above $0.368 (the 50% Fibonacci retracement level) could lead to a move toward $0.389 (the 23.6% retracement level).
Conclusion
The recent 24-hour increase in PI’s price reflects strategic buying tied to ecosystem developments and technical oversold conditions. However, challenges like a large circulating supply, limited liquidity, and the absence of listings on major exchanges restrict significant price gains. Key point to watch: Whether user growth on PiOnline can outpace the number of tokens being unlocked, with the next unlock scheduled for September 15.
What could affect the price of PI?
Pi’s price is caught between the growth of its ecosystem and risks from increased token supply.
- Open Network Launch (Q1 2025) – Could boost price if adoption picks up.
- Token Unlocks (165M PI in Sept 2025) – May put downward pressure due to more tokens entering the market.
- Utility Adoption – Impact depends on how much Pi is used in real-world applications.
Deep Dive
1. Open Network Launch (Positive Outlook)
Overview:
Pi plans to launch its Open Network in the first quarter of 2025. This will move Pi from a closed system to a fully decentralized blockchain. Over 10 million users have already moved to the Mainnet, but the deadline for identity verification (KYC) is February 28, 2025. Users who don’t complete KYC risk losing their Pi tokens, which could reduce the available supply.
What this means:
If the launch goes well, it could prove Pi’s usefulness and attract developers and businesses. However, delays or technical problems could slow progress. Past experiences with Pi’s mainnet launch suggest there might be some price swings before things settle down (Pi Network’s 2025 mainnet).
2. Token Unlocks & Supply Effects (Negative Outlook)
Overview:
In September 2025, 165 million PI tokens (worth about $58 million) will become available, adding to the existing supply of over 8 billion tokens. Exchange wallets already hold around 400 million PI tokens (July 2025 data), which could lead to selling pressure.
What this means:
When new tokens unlock, the increased supply can lower the price if demand doesn’t keep up. Pi’s price dropped 39% over the past 90 days to about $0.35, which matches trends seen after previous unlocks. Keep an eye on how many tokens flow into exchanges after the unlock for signs of market sentiment.
3. Ecosystem Utility & Partnerships (Mixed Outlook)
Overview:
Projects like PiOnline (focused on decentralized finance and gaming) and Onramp Money (which integrates traditional money with Pi) aim to increase Pi’s usefulness. However, most Pi transactions still happen within Pi’s own apps, with limited real-world use.
What this means:
Big wins, such as rumors of a Binance listing, could drive price rallies. But if interest is mostly speculative rather than based on actual demand, the price could be volatile. The $100 million Pi Ventures fund (May 2025) might encourage more developers to build on Pi over time.
Conclusion
Pi’s price will depend on how well it balances supply increases with growth in its ecosystem. Short-term risks like token unlocks and migration delays compete with positive factors like the Open Network launch and potential exchange listings. Will Pi’s community-driven approach overcome liquidity challenges? Watch migration progress and exchange activity for clues on where the price might head.
What are people saying about PI?
The Pi Network community is divided between cautious optimism and skepticism. Here’s what’s trending:
- Bullish signs – Some traders see $0.50 as a key level for a price breakout.
- Token unlock concerns – A large release of 272 million PI tokens in July is causing worry.
- Long-term outlook – Supporters encourage patience despite recent price drops.
In-Depth Look
1. @johnmorganFL: Technical analysis points to $0.64 target — bullish
“35% rally possible as Pi nears falling wedge breakout”
– @johnmorganFL (6.57M followers · 1.2M impressions · 2025-07-18 19:33 UTC)
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What this means: This is a positive sign for Pi (PI). A “falling wedge” pattern often signals a potential price increase, and technical indicators show the coin might be oversold. If PI breaks above $0.50, it could spark short-term buying momentum.
2. CoinMarketCap Community: Large token unlock in July raises concerns — bearish
“272M PI unlocking may crash price below $0.40”
– CoinMarketCap user (1.8M impressions · 2025-07-07 17:32 UTC)
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What this means: This is a warning sign. When many new tokens enter the market, it can flood supply and push prices down. PI has already dropped 39% over the past 90 days. Before the unlock, 2 million tokens were moved to exchanges, suggesting sellers are preparing to offload.
3. @pinetwork_world: Long-term perspective — mixed
“Pi is a marathon, not a sprint – true value needs time”
– @pinetwork_world (892K followers · 310K impressions · 2025-09-01 15:30 UTC)
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What this means: This view is neutral. It recognizes that PI’s price has fallen 79% over the past year, but says this is normal for new projects. The focus is shifting from price to the growing number of apps (over 21,000) built on the Pi Network ecosystem.
Conclusion
Opinions on Pi (PI) are mixed. Technical traders are hopeful about breaking the $0.50 resistance level, while others worry about the impact of new tokens entering the market. Long-term holders emphasize Pi’s large user base of 60 million and upcoming exchange listings. Watch the $0.35 support level closely — if PI falls below this, it could confirm bearish concerns. But if volume stays strong above $0.50, it might reward those willing to take a risk.
What is the latest news about PI?
Pi Network is working on growing its ecosystem despite some signs of a weak market. Here are the latest updates:
- PiOnline Launch & Mining Rate Reduction (September 3, 2025) – Pi introduced PiOnline, a new gaming platform combining decentralized finance (DeFi) features with virtual farming and governance. At the same time, mining rewards were reduced, making it harder to earn new Pi coins.
- Token2049 Sponsorship (September 2, 2025) – Pi became a Gold Sponsor at Token2049, a major Web3 event in Singapore, signaling its plans to expand and gain more recognition.
- Protocol v23 Upgrade (August 29, 2025) – The latest software update added support for Linux nodes and decentralized identity verification (KYC), aiming to improve network scalability.
Detailed Overview
1. PiOnline Launch & Mining Rate Reduction (September 3, 2025)
What happened:
Pi Network launched PiOnline, a gaming platform where users can stake virtual land to earn SEED (in-game currency) and PIOL (tokens used for governance decisions). At the same time, the mining rate was cut, increasing the time it takes to mine one Pi coin to over 15 days without bonuses. This reduces the number of new Pi coins entering the market.
Why it matters:
This update is neutral overall. PiOnline adds new ways for users to engage with the network, but its success depends on how many people actually use it. The mining rate cut is meant to create scarcity, but Pi’s price has dropped 39% over the past 90 days, showing that investors remain cautious about demand and supply. (MEXC)
2. Token2049 Sponsorship (September 2, 2025)
What happened:
Pi Network secured a Gold Sponsorship at Token2049, a leading Web3 conference held in Singapore in October 2025. This puts Pi alongside big names like Binance and Polygon. The event will showcase Pi’s tools, such as the Pi App Studio and Linux node infrastructure.
Why it matters:
This sponsorship boosts Pi’s reputation in the crypto community, but the market may have already priced in this news. Pi’s price has fallen 24% over the last 60 days, and previous partnerships, like integrating fiat payments through Onramp Money, didn’t lead to a strong price increase. The real test will be whether developers start building more on Pi after the event. (X post)
3. Protocol v23 Upgrade (August 29, 2025)
What happened:
The v23 upgrade introduced decentralized KYC (identity verification) and added support for Linux nodes, helping the network handle more users and transactions. Now, over 400,000 nodes support Pi, and more than 10 million users have moved to the Mainnet version of the network.
Why it matters:
This is a positive step toward scaling Pi’s network. Easier KYC could speed up the migration of over 19 million users still on older versions. However, Pi’s trading volume remains low at $25 million daily compared to its $2.8 billion market cap, which could lead to liquidity problems. (OKX)
Conclusion
Pi Network is focusing on expanding its ecosystem through gaming, events, and technical upgrades to overcome ongoing price challenges. However, the unlocking of 149.5 million tokens this month and limited liquidity continue to pose risks. The big question is whether PiOnline’s new “experimental economy” can attract enough users to balance out the increased token supply.
What is expected in the development of PI?
Pi Network is making steady progress with these key updates:
- .pi Domains Auction Ends (September 30, 2025) – Wrapping up bids for unique Web3 domain names that will help grow the Pi ecosystem.
- Token2049 Conference (September 2025) – Expect updates on Pi’s development plans and future goals.
- AI-Powered App Studio Growth (Q4 2025) – Expanding tools that let users build apps without coding, powered by AI.
In-Depth Look
1. .pi Domains Auction Ends (September 30, 2025)
What’s Happening:
Pi Network is holding an auction for .pi domains—these are special Web3 addresses for apps, services, and online stores within the Pi ecosystem. Over 200,000 bids have been made so far. The money raised supports developers building on Pi. Recent updates include live bidding stats and easier access through more digital wallets (Pi Network).
Why It Matters:
If many people start using these .pi domains, it could increase demand for Pi as the currency used for transactions in this new digital space. That’s a positive sign for Pi’s value. However, since daily trading volume is relatively low (around $22 million), any price changes might be gradual.
2. Token2049 Conference (September 2025)
What’s Happening:
Chengdiao Fan, Pi Network’s co-founder, will speak at Token2049 in Singapore. This event is expected to bring updates on Pi’s Open Mainnet (the fully live blockchain), plans for getting listed on exchanges, and how Pi aims to become more decentralized (Dr_Picoin).
Why It Matters:
Until official announcements come out, this is a neutral moment for Pi. The market shows cautious optimism (Fear & Greed Index at 47/100), but if updates are delayed or unclear, some investors might become doubtful again.
3. AI-Powered App Studio Growth (Q4 2025)
What’s Happening:
Pi recently launched the Pi App Studio, a no-code platform that uses AI to help users create apps easily. Plans are underway to add more features and introduce staking options—where users can lock up Pi tokens to support the network and earn rewards (Pi Network).
Why It Matters:
If more people start building and using apps on Pi, and participate in staking, it could reduce the number of Pi tokens available for trading, which might boost Pi’s value. Still, Pi faces competition from other established Web3 platforms, which could affect how quickly it grows.
Conclusion
Pi Network’s roadmap shows a balanced approach—building useful tools like domains and AI app creators while carefully preparing for a full network launch. Although Pi’s price has dropped significantly over the past year (-79.75%), these developments could help restore confidence. The big question is whether the final months of 2025 will bring the momentum needed to align developer activity with market optimism.
What updates are there in the PI code base?
Pi Network is making important improvements to become more decentralized, secure, and developer-friendly.
- Protocol v23 Upgrade (August 30, 2025) – Adds the ability to work with other blockchains and offers ready-made smart contract templates.
- Linux Node Launch (August 29, 2025) – Now supports running Pi Nodes on Linux systems, making it easier for more people to participate.
- Node v0.5.3 Update (July 13, 2025) – Fixes stability issues and prepares for automatic software updates.
In-Depth Look
1. Protocol v23 Upgrade (August 30, 2025)
What’s new: This update allows Pi’s blockchain to connect and interact with other blockchains, like Ethereum, and provides easy-to-use smart contract templates. This means developers can build apps that work across multiple blockchains more easily.
Technical details: The upgrade supports “atomic swaps,” a way to exchange tokens between blockchains without needing a middleman. It also includes pre-checked contract templates for common tasks like swapping tokens or creating NFTs (digital collectibles).
Why it matters: This makes Pi more attractive to developers by simplifying app creation and expanding what can be built on Pi’s network. (Source)
2. Linux Node Launch (August 29, 2025)
What’s new: Pi Node software can now run on Linux, a popular operating system especially among developers and server operators.
Technical details: The update uses Docker (a tool for running software in containers) optimized for Linux, lowering hardware needs by 25%. This means even low-power devices like Raspberry Pi computers can run nodes. Currently, over 400,000 nodes are active on Pi’s test and main networks.
Why it matters: This helps make the network more decentralized by allowing more people to run nodes on affordable hardware. While it doesn’t yet improve network speed or performance, node operators should keep an eye on their device’s CPU and memory use to maximize rewards. (Source)
3. Node v0.5.3 Update (July 13, 2025)
What’s new: This update focuses on fixing bugs and preparing for automatic updates in the future.
Technical details: It fixed memory leaks that caused about 15% of nodes to crash weekly and improved the speed of connecting to the blockchain explorer by 40%. The auto-update feature is being introduced gradually to make future upgrades easier.
Why it matters: More stable nodes mean a more reliable network, which is important for Pi’s growth and for encouraging open-source contributions. (Source)
Conclusion
Pi Network is making solid progress toward becoming a more mature and capable blockchain platform. The new cross-chain features and improved node stability address key challenges the ecosystem has faced. However, the success of these upgrades depends on attracting more developers and increasing real-world use on the Mainnet. Going forward, Pi will need to find the right balance between rewarding node operators and managing its token economy as the network grows.