Pi Network Price Drops 6.1% in 24 Hours

After a rapid surge of up to 80% to the level of $0.75 last weekend, the price of Pi Network has again plummeted 6%

The price of Pi Network has decreased by 6.1% in the last 24 hours and is now trading at around $0.5544. If converted to rupiah at the current value, which is $1 = IDR 16,960, the price of Pi Network to rupiah is around IDR 9,328.

In the past 24 hours, the price of PI moved in the range of $0.5494 to $0.5977, showing significant volatility.

Read also: Expert Unveils Secret Decentralized Strategy to Stabilize Pi Network Price!

With a market capitalization of $3.78 billion and a fully diluted valuation of $5.82 billion, PI still shows great potential, despite the current downward price trend. Trading volume over the past 24 hours was recorded at $179.77 million, signaling that there is still considerable market activity.

Pi Network’s Price in the Spotlight amid Unlock Token

Pi Coin’s price has experienced considerable volatility in the past week, as Pi Network prepares to unlock a large number of tokens that will go to a centralized exchange (CEX).

Market analysts warn that the Pi core team needs to make immediate adjustments to Pi tokenomics. Otherwise, it is feared that the Pi Coin price could drop to $0.30 or even lower.

The approaching unlock token event has raised concerns among investors regarding increased selling pressure. The lack of price drivers also suggests that the short-term outlook is still likely to be negative.

However, popular analyst Dr. Altcoin predicts that a significant price recovery will likely only occur by the end of August 2025.