Pi Network (PI) Price Drops 1.7% as the Project Continues to Grow Rapidly

The price of Pi Network (PI) has decreased slightly in the last 24 hours. At 06:30 (GMT+8) on Monday (7/5/25), PI was trading at $0.5787, down 1.7%. If converted to the current rupiah ($1 = IDR 16,526), then 1 Pi Network is IDR 9,563.

During this period, the price of PI fluctuated between $0.572 to $0.5892. The 24-hour trading volume was quite high, reaching $57,065,620.

This crypto is currently ranked 11th on CoinMarketCap, with a market capitalization of $4,075,146,290 and a total circulating supply of 7,043,458,340 PIs.

In other news, Banxa has received K.Y.B (Know Your Business) approval to sell Pi Coin globally. This is great news, as it opens up opportunities for buying and selling Pi around the world.

According to reports, Banxa had previously purchased Pi for over $30 million, and now plans to sell it globally.

However, the Pi Coin (PI) price is currently under pressure. The price of this coin has been stuck in a consolidation phase for about 40 days and is now trading slightly above $0.57.

Pi Coin needs to reclaim the $0.60-$0.62 price range with strong volume to regain momentum.

According to Coinpedia (6/5/25), technical indicators show weakness: The price is below the 10, 20, and 50-day moving averages, the RSI is close to 40 (indicating weak buying interest), and the MACD shows no signs of bullish reversal. Traders remain cautious while the main token opening continues.

Pi Coin launched at around $2 and quickly rose to $2.90. Pi Coin was listed on five exchanges and even appeared in the top 11 on CoinMarketCap. However, after that, the price dropped and fell as low as $0.40. Many began to doubt the project, even calling it useless.

Although network growth has been strong, the next few weeks will be crucial for the direction of Pi’s price movement. Nonetheless, for many in the Pi community, the long-term vision is more important than short-term price movements.

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