Pi Network has made major benefits in the Chinese area today: the large-scale mapping of Pi Chinese area has been accelerated. and the Pi nodes in the Chinese area can run normally and have data released! #pinetwork #binance #btc

Pi Network is a mobile mining cryptocurrency designed to build an ecosystem through social and decentralized applications. According to market trends on June 13, 2025, its price hovered at US$0.62-0.64 around June 12-13, and showed a downward trend. Discussions on X and online search results show that prices may be affected by a combination of multiple factors. Judging from the posts of X users, a post on April 15, 2025 pointed out that the large number of unlocked Pi coins poured into the centralized exchange (CEX), increasing market supply, which could lead to a price drop. In June, this supply pressure may continue, further pushing down prices. Another X post (June 5, 2025) mentioned that if the Pi core team fails to release a major update before Pi Day 2 (June 28), the price may continue to slide to around $0.40, reflecting market concerns about the lack of substantial progress. Online search results further support this view. For example, Pi Network price forecast mentioned that the Pi Coin price was $0.63 on June 10, and fell for eight consecutive days in June, reaching a low of $0.6025 (Will the Pi Network Coin Price Rise or Fall in June). In addition, Pi Network latest news reports say that some users report token loss after mainnet migration and KYC verification, which may trigger a community trust crisis and further affect prices. Technical analysis also shows that the 14-day RSI (relative strength index) of Pi Network is 42.55, which is neutral and weak, suggesting that the price may fall further (Pi Network (PI) Price Prediction 2025, 2026–2030 | CoinCodex). Overall, the price plunge may be related to the lack of major announcements, supply pressure and user trust issues, but due to the lack of direct reports on specific events on June 13, the above reasons are only possible. Good Development of Project Ecosystem Despite the challenges of price, the Pi Network's ecosystem has made significant progress in June 2025. According to Pi Coin Price & Ecosystem Update – June 2025, Pi Network officially launched the open main network on February 20, 2025, allowing users to transfer Pi coins to external wallets and exchanges for transactions. As of May, more than 19 million users have completed KYC verification, with a total user base exceeding 60 million. This milestone marks a major shift from the testing phase to practical application in the project. The growth of the ecosystem is another highlight. More than 25 decentralized applications (dApps) have been deployed on the blockchain, including the PiFest shopping platform and Pi domain name auction function. These initiatives are designed to provide practical uses for Pi coins, such as payment for goods and services or NFT transactions (Pi (PI) Price Prediction 2024 2025 2026 2027 2030). In addition, Pi Network launched a $100 million Pi Network Ventures fund to support dApp development and ecological innovation, which may attract more developers and projects to join (Pi Network Price Prediction 2025: What Lies Ahead This Year?). Pi Network has made progress in regulatory compliance in several countries. For example, the post X on April 17, 2025 mentioned that OKX (Pi Network's largest KYB company) is legally implemented in the United States, marking an important step in the global promotion of the project. The stablecoin bill passed by Hong Kong also provides policy support for the ecological development of Pi Network (Post X on May 26, 2025). In addition, collaboration with top blockchain projects such as Chainlink may expand Pi Network's application potential in areas such as smart contracts, DeFi and insurance (Post X on April 15, 2025). Challenges and future prospects Despite the above progress, Pi Network still faces some challenges. According to Pi Network Price: PI Live Price Chart, Market Cap & News Today | CoinGecko, there are currently only 23 verification nodes, and the degree of centralization is high, which has caused the community to worry about the degree of decentralization. In addition, smart contract support has not yet been launched and the code base is still closed source, which may limit the further development of the ecosystem (Pi Coin Price & Ecosystem Update – June 2025). User-report missing tokens despite KYC completion and mainnet migration. In terms of future outlook, Pi Network’s core team plans to further decentralize and open source code, which may boost market confidence (Post X on April 14, 2025). In addition, Pi Day 2 (June 28) may bring new announcements that may drive a price rebound if it can solve current pain points (such as practicality and decentralization). The above is for reference only; it is unofficially released! If there is any similarity, it is purely coincidence!