What could affect the price of PI?

Pi’s price is balancing between key development milestones and potential supply challenges.

1. Mainnet Launch (Q1 2025) – Moving to the Open Network could increase Pi’s usefulness but might also cause price swings.
2. Token Unlocks (June 2025) – About 276 million PI tokens will enter the market, which could lead to oversupply if demand doesn’t keep up.
3. Whale Activity – One wallet holds 350 million PI, showing strong confidence but also raising concerns about too much control in one place.

In-Depth Look

1. Open Network Transition (Mixed Effects)

What’s happening:
Pi plans to launch its Open Mainnet in the first quarter of 2025. This upgrade will allow Pi to connect with other networks and support decentralized apps (dApps). So far, over 8 billion PI tokens (about 10% of the total supply) have moved to the Mainnet, but 5.2 billion tokens are still locked. The deadline for users to complete identity verification and migrate their tokens is February 28, 2025, but this grace period might be extended to let more people join.

Why it matters:
If the launch goes smoothly, it could prove Pi’s value and increase demand for using PI in payments and apps. But if many locked tokens suddenly become available or technical problems arise, it might flood the market and push prices down. Similar events in other cryptocurrencies, like Ethereum’s Merge, show that how well the launch is executed will be key.

2. Token Unlocks & Supply Impact (Potential Downside)

What’s happening:
In June 2025, 276 million PI tokens (about 3.7% of the circulating supply) will be unlocked. This comes after a 38% drop in Pi’s price so far this year. Daily unlocks of 8 to 12 million PI tokens could increase selling pressure, especially if there isn’t enough demand to absorb them.

Why it matters:
Previous unlocks, like the 15.1 million PI tokens released in May 2025, have been linked to price drops of around 10% in a week. Since 5.2 billion PI tokens remain locked, ongoing unlocks might limit price gains unless the Pi ecosystem grows enough to balance out the extra supply.

3. Whale Activity & Market Sentiment (Mixed Signals)

What’s happening:
One large wallet, identified as “GAS…ODM,” has bought 350 million PI tokens (worth about $125 million) from exchanges like OKX since May 2025. Overall, whales now control 4.5% of the total PI supply. This has led to speculation about a possible listing on Binance or a buyback program.

Why it matters:
When large amounts of tokens are moved off exchanges, it reduces the chance of immediate selling, which can help stabilize prices. However, with the top 100 wallets holding 96% of all PI tokens, there’s a risk that a few holders could have too much influence over the network. If this accumulation is a sign of an upcoming major exchange listing, it could increase Pi’s liquidity and visibility.

Conclusion

Pi’s path in 2025 depends on how well it balances growing its Open Network with managing token supply risks. Expect some price volatility in the near term, especially around token unlocks and whale activity. For Pi to succeed long-term, it needs strong adoption of its dApps and to move beyond being seen just as a speculative investment.

Watch: Will Pi’s Altcoin Season Index (73) line up with the Q1 2025 milestones to push the price above the $0.40 resistance level?

What are people saying about PI?

The Pi Network community is feeling a mix of cautious optimism and frustration as technical signals clash with the pressure of many coins being released. Here’s what’s currently happening:

1. Hopes for a breakout from a falling wedge pattern – Traders are watching for a move above $0.64 if resistance is broken.
2. Large token unlocks coming – Over 630 million Pi coins will enter the market by August, raising concerns about selling pressure.
3. “Bitcoin 2.0” dreams persist – Long-term holders are aiming for $1,000 per coin despite a 79% drop over the past year.
4. Mainnet delays cause uncertainty – Slow progress and low activity from network nodes are fueling doubts.

Deep Dive

1. @johnmorganFL: June Unlock Storm Bearish

“630M $PI unlocks in 90 days could drown price… key support at $0.50 critical.”
– 1.2M followers · 284K impressions · 2025-05-30 06:47 UTC
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What this means: The release of about $224 million worth of Pi coins into the market could increase selling pressure, potentially pushing the price down to the $0.35–$0.40 support range.

2. @Tokocrypto: Technical Rebound Bets Bullish

“MACD bullish, RSI rising – underdog rally possible without news!”
– 867K followers · 412K impressions · 2025-07-21 06:38 UTC
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What this means: Technical indicators show the coin is oversold (RSI at 43) and a falling wedge pattern suggests a potential 35% price bounce to $0.64 if buying interest picks up.

3. @pinetwork_world: GCV Delusion vs Reality Mixed

“Internal $314K valuation clashes with $0.35 market price – schism deepens.”
– 320K followers · 189K impressions · 2025-09-06 02:44 UTC
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What this means: There’s a big gap between Pi’s internal “Global Consensus Value” estimate of $314,000 and its actual market price around $0.35, causing confusion and discouraging institutional investors.

Conclusion

The outlook for $PI is mixed. On one hand, technical charts suggest the price is ready to spring back from the $0.35–$0.40 range. On the other hand, ongoing token unlocks and delays in the network’s development create significant risks. Keep an eye on the PI/USDT order book on Gate.io — if the price breaks above $0.40 with double the usual trading volume, it could signal a positive trend change. If not, the price might fall back to June’s low near $0.30.

What is the latest news about PI?

Pi is navigating challenges around price stability and adoption as trading activity on exchanges changes. Here are the key updates:

1. Price Stability & Ecosystem Focus (September 13, 2025) – PI is trading between $0.35 and $0.40, with cautious optimism about its growing use cases.
2. Expansion into the Canadian Market (September 11, 2025) – BTCC released guides to help Canadians buy and sell PI following the mainnet launch.
3. Technical Strength (September 13, 2025) – PI briefly jumped 5.45% to $0.3747, testing important resistance levels.

In-Depth Look

1. Price Stability & Ecosystem Focus (September 13, 2025)

Overview:
PI’s price has settled in the $0.35 to $0.40 range, according to Gate.io analysis. This reflects a balance between early supporters’ demand and some skepticism about how useful PI will be in real-world applications. Challenges include a large token release scheduled for July 2025 (over 276 million PI tokens) and the need for the ecosystem to grow, with more than 10,580 apps currently live.

What this means: The outlook is neutral. Price stability shows that the community has some confidence, but there’s a risk that increased token supply could push prices down if adoption doesn’t keep pace. The long-term value of PI depends on expanding its use cases, such as AI-powered decentralized apps (dApps) and merchant integrations.

2. Expansion into the Canadian Market (September 11, 2025)

Overview:
BTCC published a guide explaining how Canadians can trade PI through regulated platforms like Bitget and OKX. The guide highlights the importance of identity verification (KYC) and warns about liquidity risks. Over 60 million users have moved to Pi’s mainnet, but withdrawing PI from exchanges remains a challenge.

What this means: This is a positive step for making PI more accessible. New ways to convert PI to and from regular money (fiat) through services like TransFi and Banxa could reduce reliance on speculative trading. However, PI’s price has dropped 85% from its all-time high of $3 in February 2025, showing that volatility remains a concern.

3. Technical Strength (September 13, 2025)

Overview:
On September 13, PI’s price rose 5.45% to $0.3747, according to X/@anderson_ninna, testing a resistance level at $0.38. The daily trading volume exceeded $50 million, although overall market activity is still 37% below the average for the past 24 hours.

What this means: The short-term outlook is cautiously optimistic. If PI breaks above $0.38, it could reach $0.40. However, weak liquidity (trading volume down 37.39% in 24 hours) and a moderate altcoin season index (73 out of 100) suggest PI’s price may continue to follow broader market trends.

Conclusion

PI’s future depends on balancing progress in its ecosystem with risks related to token supply and liquidity. While price stability hides some underlying volatility, expanding exchange access and app development could boost demand. The big question is whether PI’s AI-driven App Studio will drive adoption before the final major token unlocks in 2025.

What is expected in the development of PI?

Pi Network is making steady progress with these key updates:

1. .pi Domains Auction Deadline (September 30, 2025) – Last chance to claim unique Web3 domain names.
2. Pi Hackathon 2025 (Ongoing until December 2025) – Encouraging developers to create new apps on Pi’s platform.
3. Open Mainnet Upgrades (Q4 2025) – Improving network software and adding compliance tools for businesses.

Detailed Overview

1. .pi Domains Auction Deadline (September 30, 2025)

What’s happening?
The auction for .pi domain names, which are special web addresses compatible with Web3 technology (like shop.pi), has been extended until September 30, 2025. So far, over 200,000 bids have been made. The money raised helps fund the growth of the Pi Network (Pi Core Team).

Why it matters:
These domains serve as decentralized digital IDs for apps and businesses, making them valuable for Pi’s ecosystem. If many domains go unused after the auction, it could mean fewer developers are building on Pi, which might slow growth.

2. Pi Hackathon 2025 (Ongoing until December 2025)

What’s happening?
The Pi Hackathon is a competition where developers build decentralized apps (dApps) on Pi’s Mainnet. The focus areas include decentralized finance (DeFi), social finance (socialFi), and artificial intelligence (AI). Winners receive funding and mentorship to help their projects succeed (Pi News).

Why it matters:
This event could boost Pi’s user base if the apps attract people to the network. However, since it depends on community developers, the quality of apps may vary. Key things to watch are the number of app submissions (currently about 21,000) and how many users keep using the apps after the hackathon.

3. Open Mainnet Upgrades (Q4 2025)

What’s happening?
Since launching the Open Mainnet in February 2025, Pi is rolling out Node v0.6.0, which adds support for Linux systems and improves how nodes are scored dynamically. They’re also introducing Know Your Business (KYB) compliance tools to help companies meet regulatory requirements (Pi2Day 2025).

Why it matters:
These upgrades strengthen the network’s decentralization and make it more attractive to businesses. However, there could be short-term issues like node downtime during updates. Watching the number of active nodes (currently 400,000) and how many businesses adopt KYB tools will show how well these changes work.

Summary

Pi Network’s roadmap focuses on growing its community and ecosystem through domain auctions and hackathons, while also improving its technical foundation with network upgrades. The Open Mainnet launch was a big step, but challenges remain in getting developers on board and meeting regulatory standards. The big question is: Can Pi’s community-driven approach overcome these hurdles and continue to grow?

What updates are there in the PI code base?

Pi Network is making steady progress toward becoming more decentralized and scalable.

1. Testnet Protocol v20 (September 12, 2025) – The blockchain test environment was upgraded to version 20, moving step-by-step toward version 23.
2. Full Open-Source Transition (September 2025) – The core protocol’s source code is expected to be released this month.
3. Node v0.5.3 Stability Update (July 13, 2025) – New node software now auto-updates and connects more reliably.

Deep Dive

1. Testnet Protocol v20 (September 12, 2025)

What happened: Pi Network upgraded its test blockchain from version 19 to 20. This is part of a plan to reach version 23 by the end of 2025, focusing on making the network faster and more efficient.
Technical improvements include faster block sharing and better syncing between nodes, cutting delays by about 15% in testing. The consensus method, called the Stellar Consensus Protocol (SCP), was also adjusted to handle more transactions smoothly, preparing for the upcoming Open Mainnet launch.
Why it matters: These changes don’t affect everyday Pi users yet since they’re on the test network, but they show progress toward solving speed and scalability challenges. (Source)

2. Full Open-Source Transition (September 2025)

What’s expected: Community moderators suggest that Pi will release the full source code of its core protocol this month, though the official team hasn’t confirmed it yet.
Right now, parts of Pi’s software (called PIOS) are open for app development, but the core blockchain code remains private. Opening this code would allow outside developers to review, audit, and contribute to the network’s core functions.
Why it matters: If true, this would be a big step toward transparency and decentralization, helping build trust and encouraging developer involvement. However, if the release is delayed or incomplete, concerns about central control could continue. (Source)

3. Node v0.5.3 Stability Update (July 13, 2025)

What happened: The latest node software update added automatic updates and improved connections to the Pi Blockexplorer, the tool that tracks blockchain data.
This update reduced downtime for nodes by about 22% in July 2025 and made it easier for new operators to set up their nodes. It also fixed rare bugs that could cause nodes to fall out of sync.
Why it matters: While this mainly helps the people running the network’s infrastructure, better node stability supports the network’s long-term health and decentralization. (Source)

Conclusion

Pi Network’s code is steadily improving to handle more users and become more transparent. Important testnet upgrades and the potential open-source release show positive momentum. Still, official confirmations and changes affecting the live Mainnet are awaited. It will be interesting to see how developers respond if the protocol becomes fully open-source.

Why did the price of PI fall?

Pi (PI) dropped 3.5% to $0.355 in the last 24 hours, underperforming the overall crypto market, which was down just 0.07%. The main reasons for this decline are:

1. Token Unlock Risks – Ongoing worries about new tokens being released, which could increase supply and push prices down.
2. Exchange Delistings – Platforms like OKX and Gate removed some low-trading pairs, making it harder to trade PI.
3. Technical Weakness – The price is stuck below an important resistance level at $0.364.

Deep Dive

1. Token Supply Pressures (Negative Impact)

Overview: Currently, only about 8.09 billion PI tokens are available for trading, which is less than 10% of the total 100 billion tokens that will ever exist. Every month, more tokens are unlocked and become available, raising concerns that this extra supply could lead to selling pressure. For example, a large unlock of 276 million tokens is scheduled for July 2025, worth roughly $98 million at today’s prices (source).

What this means:

• When new tokens enter the market, supply may outpace demand, especially since PI is mainly used in a small number of apps right now.
• Past unlock events have often led to price drops, such as a 30% fall after an 8 million token release in May 2025.

What to watch: Keep an eye on the timing of upcoming token unlocks and whether large holders (whales) are moving tokens to exchanges to sell.

2. Liquidity Erosion (Mixed Impact)

Overview: Exchanges like OKX and Gate recently removed PI margin and futures trading pairs between September 12 and 18 to improve market quality. This limits speculative trading options.

What this means:

• Lower liquidity can cause bigger price swings — PI’s trading volume dropped 25% to $41.8 million during this period.
• On the other hand, less margin trading might reduce extreme price drops over time.

3. Technical Breakdown (Bearish Outlook)

Overview: PI’s price fell below its 30-day moving average of $0.3545 and is facing resistance at the 50% Fibonacci retracement level of $0.364. While some technical indicators like the MACD histogram show a slight positive shift, the RSI at 48.93 suggests neutral momentum.

What this means:

• For a positive trend reversal, PI needs to close above $0.372 (the 38.2% Fibonacci level).
• If it falls below $0.35, it could retest the September low of $0.33.

Conclusion

PI’s recent price drop is driven by concerns about increasing token supply, reduced trading liquidity, and weak technical signals. While the project’s long-term success depends on wider adoption within its ecosystem, the short-term outlook leans toward further downside risk.

Key point to watch: Will PI hold above $0.35, or will the upcoming token unlocks in September push the price lower again?