Bitcoin Pi Network (PI) Price Rises 8.3%

As the crypto market rallies today (March 12, 2025), Bitcoin Pi Network (PI) has also surged during the same period.

The crypto market has seen a rally today, March 12, 2025, and during the same period, Bitcoin Pi Network (PI) has also surged.

With this upward trend, many investors and crypto enthusiasts in Indonesia are now wondering: How much is Pi Network worth in rupiah today?

Let’s dive into the latest price updates!

Pi Network Price Rises 8.3% in 24 Hours

At the time of writing (12/3/25), the price of Pi Network (PI) has recorded an increase of 8.3% in the last 24 hours, with the PI coin price around $1.49.

If converted to rupiah at the current rate, which is $1 = IDR 16,458, the price of Pi Network to rupiah is around IDR 24,522.

Read also: How Far Could Pi Network’s Price Climb If It Gets Listed on Binance?

In the past 24 hours, the price of PI moved in a range of $1.35 – $1.49, showing increased volatility as market interest continues to grow.

Currently, Pi Network’s market capitalization has reached $10.65 billion, while its fully diluted valuation (FDV) touches $16.39 billion.

The trading volume in the last 24 hours was also quite high, recorded at $375.85 million, which indicates the high activity of PI transactions in the market.

Pi Network users sell accounts due to lockup mechanism

As a reminder, Pi Network is a blockchain-based cryptocurrency that can be accessed through a mobile app. The platform promises a decentralized mining experience without the need for specialized hardware, thus allowing more people to participate.

However, the lockup mechanism designed to stabilize supply and reduce inflation has had the opposite effect.

Based on the latest data, the total number of accounts on Pi Network stands at 11.5 million. Of these, around 1.1 million users have locked their PI coins for 6 months, while 1.6 million users opted for a one-year lockup.

However, the majority of users—7.2 million accounts (62.6% )—have locked their coins for three years, which means the asset will only be tradable between late 2027 and early 2028.

A user on X (formerly Twitter) wrote,

Normies have been mining that $PI stuff every day for about three years. I was sure it was a scam, but hey, it looks like might get something out of it after all. The funny thing is, most of the normies locked it up for 3–5 years and now wish they could sell their PI.

“Ordinary people have been mining PI every day for about three years. I thought it was a scam, but it turns out it might pay off too. The funny thing is, most of them locked their coins for 3-5 years and are now hoping to sell their PI.”

This impatience led some Pi Network users(Pioneers) to look for ways to bypass the lockup mechanism, by selling their accounts and passphrases on various platforms such as X.

If you search for the keyword “sell locked Pi”, many offers will appear from users who want to sell their Pi balance instantly.

Read also: 5 Crypto on the Rise Today (March 12, 2025) – The Top Altcoin Surges 58%!

One user even posted:

Hey Tweeps,A friend has 2,136 Pi for sale.The Pi is locked until 2027. If you buy, you will receive the passphrase, which grants full access to the wallet.Serious buyers only please do not DM if you’re not ready to pay first.For inquiries, DM via +2349018401840.If you… pic.twitter.com/eqdC1qnXok

“My friend has 2,136 Pi for sale. The coin is locked until 2027. If you buy, you will receive a passphrase, which gives full access to the wallet.”

This situation has caused deep concern. Many users who have locked their Pi assets are facing serious financial difficulties and are forced to look for ways to sell their coins faster.

Pi Network faces sharp criticism

However, this practice poses a great risk. Sharing a passphrase with a buyer means that at least two people know the master access key to an account, increasing the chances of theft or fraud.

Also, due to the lack of regulation, buyers are vulnerable to fraud. Dishonest sellers may offer fake accounts or provide invalid passphrases.

From a legal perspective, these actions also potentially violate Pi Network’s terms of service, which could lead