What could affect the price of PI?
Pi’s future depends on the progress of its Open Network, regulatory developments, and the trust of its community.
- Mainnet Launch (Q1 2025) – The rollout of the Open Network could increase Pi’s usefulness or reveal risks related to token supply.
- Whale Accumulation – Large, mysterious purchases totaling over $125 million suggest strategic moves behind the scenes.
- Regulatory and Exchange Challenges – Lack of clear information is delaying major exchange listings, including Binance.
Deep Dive
1. Open Network Transition (Mixed Impact)
Overview:
Pi’s Open Network launch, now expected in the first quarter of 2025, is designed to allow connections with other platforms and support decentralized applications (dApps). So far, more than 14.8 million users have moved their accounts, but 5.2 billion PI tokens remain locked. If the launch goes smoothly, Pi’s usefulness could increase significantly. However, delays or problems could lead to many users selling their unlocked tokens, which might hurt the price.
What this means:
If successful, the launch could help Pi reach its market cap potential of $3.9 billion. But unlocking about 20% of the total token supply at once could create selling pressure. Similar events in the past, like Stellar’s token unlock in 2018, caused big price swings.
2. Whale Activity & Exchange Listings (Bullish Catalyst)
Overview:
One wallet, known as “GAS…ODM,” has bought 350 million PI tokens (worth over $125 million) since May 2025, often purchasing when prices dip. Some believe this activity is connected to preparations for a Binance listing or a buyback by Pi’s core team. Currently, PI is not listed on major exchanges, which limits how easily it can be traded.
What this means:
Large purchases outside of exchanges reduce the number of tokens available for sale, creating a supply squeeze. If this buying is linked to a Binance listing (supported by Sign Protocol’s Binance-backed funding), Pi could see a price rally driven by increased liquidity.
3. Sentiment Risks & Leadership Controversy (Bearish Risk)
Overview:
Accusations that Pi’s founders misused $20 million in funds caused the token’s price to drop 25% in one week. Additionally, rumors like the “GCV $314K” myth and slow Know Your Customer (KYC) verification (only 16 million users have migrated) are hurting community trust.
What this means:
Lack of transparency from leadership and regulatory scrutiny, such as the SEC’s Project Crypto, could delay adoption by larger investors. Pi’s price has fallen 84% from its 2024 peak, showing that many retail investors are losing patience.
Conclusion
Pi’s price will be influenced by how well the Open Network launch goes, shifts in liquidity caused by large token holders, and efforts to rebuild trust. While technical indicators suggest a possible rebound (RSI at 29), lasting gains depend on overcoming migration challenges and securing exchange listings. Will Pi’s Q1 2025 launch coincide with a broader crypto market upswing, or will it struggle under the weight of unlocked tokens? Keep an eye on whale wallet activity and how quickly users complete the Mainnet migration.
What are people saying about PI?
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What is the latest news about PI?
Pi Network is facing leadership challenges and technical hurdles as its token hits record lows. Here’s a quick summary of the latest developments:
- Leadership Crisis (September 29, 2025) – Co-founders are accused of misusing $20 million, causing the token price to drop 25%.
- Partnership Opportunity (September 27, 2025) – Collaboration with Sign Protocol sparks talk of a possible Binance exchange listing.
- Technical Weakness (September 28, 2025) – PI token price nears a key support level at $0.26 amid weakening momentum.
In-Depth Look
1. Leadership Crisis (September 29, 2025)
What happened: A former executive, McPhilip, filed legal claims accusing Pi Network’s co-founders of misusing $20 million, not delivering promised tools for the ecosystem, and diluting his ownership stake. Following these allegations, the token price dropped to $0.25, wiping out gains made earlier in 2025. The community’s trust took a hit as the team delayed responding to these serious claims ahead of a major keynote by Chengdiao Fan scheduled for October 1–2.
Why it matters: This situation is negative for PI because unresolved leadership and trust issues could keep selling pressure high. However, clear and decisive communication at the upcoming event might help calm concerns and stabilize the token’s price. (Coingape)
2. Partnership Opportunity (September 27, 2025)
What happened: Pi Network announced a partnership with Sign Protocol, a platform funded by Binance that focuses on identity verification through blockchain technology. This partnership aims to provide blockchain-based credentials to Pi’s 60 million-plus users. Analysts believe this could lead to Pi being listed on Binance, one of the world’s largest cryptocurrency exchanges, due to Sign Protocol’s connection with Binance’s venture capital arm.
Why it matters: This news is somewhat positive for PI because getting listed on a major exchange like Binance would increase the token’s liquidity and accessibility. However, before that can happen, Pi Network needs to address transparency concerns and dispel rumors about unrealistic project valuations. (Coingape)
3. Technical Weakness (September 28, 2025)
What happened: The PI token price hovered around $0.26, a critical support level, while volatility dropped to its lowest point in a year. The token remains below its 20-day exponential moving average (EMA) of $0.3185, indicating ongoing bearish momentum.
Why it matters: This technical setup is bearish for PI because if the price falls below $0.26, it could lead to a further 15% decline down to $0.22. Traders are watching for a price close above $0.29 to signal a possible reversal and recovery. (TokenPost)
Conclusion
Pi Network is currently navigating a tough period marked by leadership disputes and technical challenges. However, its new partnerships offer potential paths to recovery. The upcoming keynote by Chengdiao Fan will be critical in determining whether the leadership crisis is resolved or if it will trigger further sell-offs. Keep an eye on rumors about exchange listings and the $0.26 support level for clues on where PI might head next.
What is expected in the development of PI?
Pi Network is making steady progress with these key updates:
- Testnet v23 Completion (September 2025) – Upgrades to automate identity verification (KYC) and support Linux-based nodes.
- Token2049 Conference Highlights (September 29–30, 2025) – Updates on the project’s roadmap and future plans.
- Open Mainnet Launch Prep (Late 2025–2026) – Expanding the network and ensuring compliance before going fully public.
In-Depth Look
1. Testnet v23 Completion (September 2025)
What’s happening:
The Testnet v23 upgrade, launched in September 2025, introduces important improvements like better support for Linux servers running the network and faster identity verification through automated processes. It also lays the groundwork for future decentralized apps (dApps) by updating the core software to Stellar Core v23, which helps make the system more stable for smart contracts.
Why it matters:
This is a positive step for Pi (PI). Faster KYC means more users can officially join the network, and Linux support helps the network grow more efficiently. Still, there’s a chance of technical issues during final testing that could cause delays.
2. Token2049 Conference Highlights (September 29–30, 2025)
What’s happening:
Pi Network co-founder Chengdiao Fan will speak at the Token2049 conference in Singapore, sharing updates on the long-term vision. Topics likely include integrating artificial intelligence, getting listed on exchanges, and the requirements for launching the Open Mainnet.
Why it matters:
This update is neutral for now. Clear plans could build trust and excitement, but without specific dates or details, some community members might feel frustrated about the wait for the Open Mainnet.
3. Open Mainnet Launch Prep (Late 2025–2026)
What’s happening:
Although there’s no official launch date yet, the Pi Core Team is focusing on growing the network—over 13 million users have migrated so far—and making sure all regulatory and technical requirements are met. Challenges include clearing KYC backlogs, ensuring the network is decentralized enough, and getting approvals to allow global trading.
Why it matters:
Successfully launching the Open Mainnet would be a big win, enabling users to trade Pi and use decentralized apps that generate revenue. However, there could be short-term risks like increased selling pressure when tokens become tradable and potential delays.
Summary
Pi Network is currently focused on important technical upgrades and expanding its user base. The Open Mainnet launch remains a key goal but with some uncertainty around timing. The upcoming Token2049 conference might provide clearer direction and boost confidence if the team shares more transparency. The big question is whether these upgrades and community efforts will address ongoing concerns about how decentralized the network really is.
What updates are there in the PI code base?
Pi Network is making important updates to get ready for its Open Network launch.
- Testnet Protocol v23 Upgrade (September 19, 2025) – Improves compliance and performance by integrating Stellar Core technology.
- Linux Node Release (August 28, 2025) – Adds support for Linux operating systems, helping more people run network nodes.
- Pi Desktop Rebranding (June 27, 2025) – Combines mining and node tools into one easy-to-use app with better security.
In-Depth Look
1. Testnet Protocol v23 Upgrade (September 19, 2025)
What happened: Pi Network updated its Testnet to version 23, using Stellar Core v23 and Horizon v23. This upgrade improves how transactions are processed and adds on-chain KYC (Know Your Customer) checks to meet regulatory standards. It also prepares the network to support smart contracts, which are programs that run on the blockchain.
The update will roll out in phases—from Testnet to Testnet2, then to the Mainnet—to avoid disruptions. It aligns Pi with global blockchain standards like ERC-3643, which helps with future exchange listings and app development.
Why it matters: This is good news for Pi (PI) because it strengthens the network’s compliance and opens the door for decentralized apps. Node operators should watch for upgrade alerts to keep their services running smoothly.
(Source)
2. Linux Node Release (August 28, 2025)
What happened: Pi Network released a version of its node software that works on Linux, a popular operating system especially among developers and institutions.
This release includes automatic updates and standardized Docker setups, which make running and maintaining nodes easier. Now, over 200,000 Testnet nodes support Linux, expanding the network’s decentralized infrastructure.
Why it matters: While this update doesn’t directly affect Pi’s price, it’s important for scaling the network. Supporting Linux can attract more validators and increase node diversity, which strengthens the network’s security and reliability.
(Source)
3. Pi Desktop Rebranding (June 27, 2025)
What happened: The Pi Node app was renamed Pi Desktop (version 0.5.2) and now combines mining, node management, and tools like Pi App Studio into one streamlined interface.
New features include resizable windows, improved Docker performance, and easier troubleshooting with visible public keys. Over 2.6 million users have installed this update, benefiting from better security and compatibility across devices.
Why it matters: This is positive for Pi (PI) because it simplifies the user experience and lowers technical barriers for node operators. However, delays in users switching to the new app could temporarily affect network stability.
(Source)
Conclusion
Pi Network’s recent updates focus on compliance, decentralization, and ease of use—key factors for moving toward the Open Network. While improvements like the v23 protocol and Linux node support fill important infrastructure gaps, developer activity (with 50+ Mainnet-ready apps out of a 100-app goal) is still something to watch. As Pi approaches its Open Network launch, balancing growth and scalability for its 65 million users will be crucial.