Why did the price of PI go up?

Pi (PI) increased by 2.18% in the last 24 hours, reaching $0.26. This breaks its 30-day downward trend (which saw a 23% drop), but PI still lagged behind the overall crypto market, which grew by 1.5%. Here’s why:

1. Exchange Outflows – 14 million PI were withdrawn from the OKX exchange, indicating less selling pressure.
2. Oversold Rebound – The Relative Strength Index (RSI) was at 31.41, suggesting a bounce back from being oversold.
3. Testnet Progress – New decentralized exchange (DEX) and automated market maker (AMM) tools launched, but confidence remains low.

Deep Dive

1. Exchange Outflows (Positive Sign)

On October 6, over 14 million PI (about $3.7 million) were moved off the OKX exchange. In total, 17.5 million PI left various exchanges in 24 hours. This means fewer coins are available to sell immediately, as they moved to private wallets.

Why it matters: Large withdrawals like this often show that long-term holders or big investors (“whales”) are accumulating PI, expecting the price to rise. However, since March, the total PI held on exchanges has actually increased by 65% (now at 433 million), which suggests that selling pressure from token unlocks is still a concern.

2. Technical Rebound (Mixed Signals)

The RSI, a tool that measures if an asset is overbought or oversold, hit 31.41 for PI, which is close to the oversold level. The price stayed above the 7-day simple moving average (SMA) at $0.2639 and a key pivot point at $0.26196.

What this means: Short-term traders likely bought PI during this dip, but other indicators like the MACD (-0.000092) and Fibonacci retracement levels ($0.2818 to $0.3179) suggest that bearish momentum remains. The $0.2818 level is an important resistance point that PI needs to break to sustain a recovery.

3. Ecosystem Developments (Neutral Impact)

In September, Pi Network launched new DEX and AMM tools on its testnet and upgraded its blockchain protocol to version 20.

Why it matters: These updates are meant to increase the usefulness of the Pi Network, but they haven’t yet improved market sentiment. This is partly due to ongoing concerns about management and a reported $18 billion loss in value since March.

Conclusion

The recent 24-hour price increase in PI seems driven more by technical factors and less selling on exchanges than by real improvements in the project. With 119 million tokens scheduled to unlock this month and the RSI still neutral, the potential for further gains may be limited.

Key point to watch: Can PI maintain support at $0.26, or will upcoming token unlocks push the price lower?

What could affect the price of PI?

Pi’s price is caught between progress in its ecosystem and ongoing risks.

1. Open Network launch (Q1 2025) – Positive if on time, but delays could hurt credibility.
2. Token unlocks (119M PI in 30 days) – Could increase selling pressure and lower price.
3. Exchange listings – Not being on Binance or Coinbase limits growth potential.

Deep Dive

1. Open Network Timeline (Mixed Impact)

Overview:
Pi’s Open Network is expected to launch in the first quarter of 2025, according to updates from the Pi Core Team. This launch is a key milestone. If it’s delayed or runs into technical problems, it could increase doubts about Pi. But if it goes smoothly, it might attract developers and more users, boosting the network’s value.

What this means:
A successful launch would show Pi’s real-world usefulness, encouraging more apps and payment options. However, the project has already extended its “Grace Period” multiple times (currently ending Feb 28, 2025), which has weakened trust. Other projects like Hedera saw their tokens rise by 40% after their mainnet launched, showing the potential upside.

2. Token Unlocks & Inflation (Bearish Impact)

Overview:
By November 2025, about 119.4 million PI tokens (worth roughly $31 million) will become available for trading, increasing the circulating supply by about 2.34%. Daily unlocks of around 3.98 million PI are happening alongside a 25% price drop over the past 60 days (CoinMarketCap).

What this means:
This increase in available tokens could lead early miners and investors to sell, putting downward pressure on the price. Similar situations, like the token unlocks for Axie Infinity in 2023, caused monthly price drops of 19%.

3. Exchange Listings & Liquidity (Bullish Catalyst)

Overview:
Pi is not listed on major exchanges like Binance or Coinbase and mainly trades on smaller platforms such as Gate.io and OKX. In a 2025 community vote, Binance rejected PI due to compliance concerns (Binance Vote).

What this means:
Getting listed on a major exchange would increase Pi’s trading volume and credibility. For example, Chainlink’s listing on Binance in 2019 led to a 120% price increase. Currently, Pi’s 24-hour trading volume is about $24 million, compared to Bitcoin’s $57 billion, showing its limited liquidity.

Conclusion

Pi’s future depends on successfully launching the Open Network and handling the upcoming token unlocks carefully. Keep an eye on the end of the Grace Period in February 2025 and any news about exchange listings. Will Pi evolve from a speculative token into a useful network before the token unlocks slow down its momentum?

What are people saying about PI?

The Pi community is buzzing with excitement and caution. Here’s the quick summary:

1. Wallet upgrades spark rumors of a Binance listing 🚀
2. Technical chart patterns suggest a possible 35% price jump 📈
3. September’s v23 upgrade will introduce smart contracts 🔄
4. A large token unlock of 340 million Pi could impact the price ⚠️

In-Depth Look

1. Major Wallet Upgrade & Binance Listing Speculation — Positive Outlook

@HolaItsAk47 shared:
"v23 upgrade brings smart contracts...renewed rumors Binance might list PI after Stellar wallet movements."
– (12.3K followers · 48K impressions · Sept 15, 2025)
See original post

What this means:
This is good news for Pi. When a cryptocurrency gets listed on a big exchange like Binance, it usually means more people can buy and sell it easily, which can increase its value. The upgrade adding smart contracts (which allow more complex apps to run on Pi’s network) could attract developers and new users if it works well.

2. Falling Wedge Chart Pattern Suggests Potential 35% Price Rise — Positive Outlook

@johnmorganFL noted:
"PI approaches breakout zone with triple bottom pattern...35% surge possible if resistance breaks."
– (8.7K followers · 23K impressions · June 22, 2025)
See original post

What this means:
This is a technical analysis term. The “falling wedge” and “triple bottom” patterns often signal that a price increase might be coming. For Pi, if it stays above $0.53 and breaks through resistance levels, it could rise by about 35%. But if it falls below $0.53, the pattern fails and the price might drop further.

3. Large Token Unlock of 340 Million Pi Could Push Price Down — Negative Outlook

According to CoinMarketCap:
"Over 340M PI tokens unlocking next month—equivalent to 4% of circulating supply—may pressure prices downward."
– Community Article (June 11, 2025)
Read full analysis

What this means:
When a large number of tokens become available for sale after being locked up, it can lead to many holders selling their tokens, which often causes the price to drop. This upcoming unlock is significant and could create downward pressure on Pi’s price.

4. Launch of Pi Social Profiles to Boost Community Engagement — Neutral Outlook

@drnicolas_ announced:
"Connect with Pioneers worldwide...power your Web3 journey with Pi Social Profiles."
– Official Pi Network account (1.2M impressions · Sept 3, 2025)
See original post

What this means:
This new feature aims to help Pi users connect and build a stronger community. While this could help Pi grow in the long run, it’s unclear if it will affect the price right away since it doesn’t directly add new functionality or value yet.

Conclusion

The outlook for Pi is mixed. On one hand, technical upgrades and positive chart signals suggest potential growth. On the other hand, the large token unlock and increased token availability on exchanges could put downward pressure on the price. Keep an eye on the v23 upgrade in September and whether Pi can maintain support around $0.53. Ultimately, Pi’s success depends on delivering real-world uses beyond just trading speculation.

What is the latest news about PI?

Pi is facing challenges from falling prices and upcoming token releases, but recent testnet improvements suggest potential for the future. Here’s a quick summary:

1. Price Drop Raises Concerns (October 7, 2025) – Pi’s price has fallen 90% since March, wiping out $18 billion in market value.
2. 14 Million Coins Leave OKX Despite Bearish Signs (October 6, 2025) – Even with coins moving off the exchange, technical indicators point to a possible 20% further decline.
3. 119 Million Tokens Set to Unlock Soon (October 6, 2025) – A large supply increase could put more downward pressure on the price.

In-Depth Look

1. Price Drop Raises Concerns (October 7, 2025)

What happened: Pi’s price plummeted to $0.26, down 91% from its high of $2.79 in March, resulting in an $18 billion loss in value. Some critics accuse the Pi team of poor management, especially after they launched a $100 million venture fund in May using mining revenues, which upset many community members. Additionally, interest in Pi derivatives dropped sharply from $120 million to $20 million since March, while the number of tokens in circulation increased by 1 billion.
What this means: The ongoing price decline shows that many investors are losing confidence in the team and the way new tokens are being released. Without changes, Pi’s price may continue to stay within a limited range. (AMBCrypto)

2. 14 Million Coins Leave OKX Despite Bearish Signs (October 6, 2025)

What happened: On October 6, 14 million Pi tokens (worth about $3.6 million) were withdrawn from the OKX exchange. Usually, this is a positive sign, as it suggests holders are moving coins off exchanges to keep them long-term. However, Pi’s price formed a “bear flag” pattern below the $0.25 resistance level, which often signals further declines. Analysts warn the price could drop another 20% to test the low of $0.1838 from September unless it climbs back above $0.3223.
What this means: Despite the coin outflows, technical indicators show weakness. Trading volume has dropped 30% since September, and large holders (whales) have stopped accumulating, suggesting limited chances for a price rebound soon. (CoinGape)

3. 119 Million Tokens Set to Unlock Soon (October 6, 2025)

What happened: About 119.4 million Pi tokens, worth roughly $31 million, are scheduled to unlock by November 7, including 9.18 million tokens on October 11. This represents 2.34% of the locked supply, with nearly 4 million tokens becoming available daily. Meanwhile, Pi tokens held on exchanges have risen to 433 million, a 65% increase since March, indicating ongoing selling pressure.
What this means: The upcoming token unlocks could worsen Pi’s recent 25% monthly price drop. For the price to stabilize or rise, demand must match this new supply, but Pi currently lacks major catalysts like ETFs or exchange listings to drive that demand. (Crypto.News)

Conclusion

Pi’s price challenges come from increasing token supply, technical weaknesses, and declining trust in the project. However, new decentralized exchange (DEX) and automated market maker (AMM) tools on the testnet show promise for future use cases. The key question is whether Pi Network can speed up its mainnet launch and development to overcome these ongoing supply and confidence issues.

What is expected in the development of PI?

Pi Network is making steady progress with these key milestones:

1. Testnet Protocol v23 Upgrade (September 2025) – Finalizing smart contract features to prepare for the Mainnet launch.
2. .pi Domains Auction Ends (September 30, 2025) – Closing bids for unique Web3 domain names tied to Pi apps and services.
3. Open Mainnet Ecosystem Growth (2025–2026) – Expanding decentralized apps (dApps) and improving liquidity options.

In-Depth Look

1. Testnet Protocol v23 Upgrade (September 2025)

What’s happening:
Pi’s Testnet is being upgraded step-by-step from version 19 to version 23 (openmainnet). This update enhances smart contract functions and overall network stability, which are essential for running decentralized apps smoothly before the Mainnet fully launches.

Why it matters:

• Positive: If successful, it will boost developer confidence and attract more projects to build on Pi.
• Potential downside: Any delays or technical problems could slow down the transition to a fully open Mainnet, limiting Pi’s broader use.

2. .pi Domains Auction Ends (September 30, 2025)

What’s happening:
The auction for .pi domains—special Web3 addresses for Pi-based apps—will close on September 30, 2025, after several deadline extensions (Pi Core Team). Over 200,000 bids have been placed, with the funds supporting Pi’s ecosystem development.

Why it matters:

• Positive: Strong community interest suggests growing engagement, which could encourage more app development and real-world use of Pi.
• Neutral: How well these domains will work with wallets and browsers is still unproven, which could affect how easily users adopt them.

3. Open Mainnet Ecosystem Growth (2025–2026)

What’s happening:
Since launching the Open Mainnet in February 2025, Pi has focused on expanding its ecosystem. This includes a $100 million fund for developers, an AI-powered Pi App Studio that lets users create dApps without coding, and staking features to help apps gain visibility (Pi2Day 2025).

Why it matters:

• Positive: Adding features like fiat on-ramps and merchant adoption could help stabilize PI’s value over time.
• Challenges: Liquidity is still low (turnover ratio: 0.8%), and major exchange listings like Binance have yet to happen, which limits price growth potential.

Summary

Pi Network’s roadmap focuses on important technical upgrades (.pi domains, Protocol v23) and building tools to shift from a mining-focused system to a blockchain with real-world utility. While progress is clear, uncertainties remain—especially around exchange listings and identity verification processes—that could impact execution. The big question for 2026 is whether Pi’s strong community support can overcome its liquidity hurdles.

What updates are there in the PI code base?

Pi Network is making important updates to its technology and tools for developers.

1. Protocol v23 Upgrade (September 18, 2025) – The test version of Pi’s blockchain now uses Stellar Core v23, improving compliance and performance.
2. Linux Node Release (August 27, 2025) – Pi added support for Linux operating systems, allowing more developers to run network nodes.
3. Secure A2U Integration (September 21, 2025) – A new Rust software toolkit helps apps securely handle payments between users and apps.

Deep Dive

1. Protocol v23 Upgrade (September 18, 2025)

What happened: Pi Network updated its test blockchain to use the latest Stellar Core v23 and Horizon v23 software. This upgrade helps Pi’s blockchain meet new performance standards and regulatory rules.

The update also improves how network nodes sync data and adds a way to verify user identities directly on the blockchain. After testing, similar upgrades will be made to the main network, which may cause brief downtime.

Why it matters: This is good news for Pi (PI) because it makes the network more scalable and ready to comply with regulations. Users can expect faster, smoother transactions, and developers will have better tools to build apps that follow legal requirements. (Source)

2. Linux Node Release (August 27, 2025)

What happened: Pi released a version of its node software that works on Linux, a popular operating system among developers.

This update also includes automatic software updates for nodes, reducing the need for manual maintenance. Currently, over 400,000 nodes support Pi’s test and main networks, helping keep the network decentralized and secure.

Why it matters: While this update doesn’t directly affect PI’s price, it’s important for the network’s growth. Supporting Linux encourages more technical contributors to join, which can strengthen the network and help support future features like smart contracts. (Source)

3. Secure A2U Integration (September 21, 2025)

What happened: Pi introduced a new software development kit (SDK) written in Rust that helps apps manage payments between the app and users securely.

This tool makes it easier for developers to add payment features like creating, approving, or canceling transactions within Pi-powered apps.

Why it matters: This is positive for PI because it lowers the technical barriers for building useful apps. Users can expect more apps that handle Pi transactions smoothly, which could increase the network’s overall adoption. (Source)

Conclusion

Pi Network’s recent updates focus on making the system more scalable, compliant with regulations, and easier for developers to build on. The Protocol v23 upgrade and Linux node support show Pi is moving toward a more professional, enterprise-ready infrastructure. Meanwhile, the new A2U payment tools encourage the creation of practical apps. These improvements could help Pi transition from a closed Mainnet to a fully open network accessible to everyone.