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For now, Pi is showing signs of strength, briefly decoupling from Bitcoin’s broader decline, driven by technical support and event-driven momentum. Much of the hype surrounds June 28, which marks Pi Day 2 and the conclusion of the .pi domain auction. Over 123,000 active bids have sparked optimism about ecosystem growth. While the Core Team hasn’t confirmed any updates, the market is anticipating something. Historically, Pi has rallied around such events, as seen with its 175% jump in May. However, Dr. Nicolas Kokkalis, the founder of Pi Network, has responded to concerns about the falling Pi price, attributing it to the broader crypto market correction.
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This coin is listed on fewer than 3 exchanges, which indicates a higher risk of price manipulation. The table above shows the price and ROI of GAY today and previous years on the same date (Jun 25). The table above shows the number of days which GAY closed above a certain price level.
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He believes the upcoming Pi Day 2 event is unlikely to influence the price, signaling low expectations for short-term momentum despite community buzz. According to him, despite the bloodbath, Pi Network stands out with a unique setup. The project is in its Enclosed Mainnet phase, meaning it isn’t yet publicly tradable. Despite that, Kokkalis emphasized strong fundamentals, including over 50 million users, a growing ecosystem of real-world applications, and steady development.
Low volume / market cap
This week-long event, which ran from March 14 to March 21, saw over 125,000 registered sellers and demonstrated the integration of Pi in commerce. On the same day, the .pi Domain Auction was also introduced. In the latest blog update, the Pi Core Team reported substantial network growth, with over 3 million new Pioneers migrating to the mainnet. The team also activated over 400,000 nodes across the Pi blockchain. Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
- The total active bids amount to over 3 million Pi during the auction.
- Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
- He pointed out that major assets like Bitcoin, Ethereum, and Solana have also seen notable declines, impacting the overall market mood.
- However, Dr. Nicolas Kokkalis, the founder of Pi Network, has responded to concerns about the falling Pi price, attributing it to the broader crypto market correction.
- Despite these setbacks, the upcoming Pi2day has generated some optimism, with many Pioneers hoping that it may reignite interest and spark a price rally for Pi Network’s coin.
- According to Google Trends data, search volume for ‘Pi Network’ has been steadily declining.
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“Gaming is a key vertical that Pi Network Ventures will focus on for its investments. According to the blog, to date, the Pi Domains Auction has received over 123,000 active bids with 57,000 unique bidders. The total active bids amount to over 3 million Pi during the auction. Furthermore, the team rolled out several initiatives and community events.
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- Over 123,000 active bids have sparked optimism about ecosystem growth.
- Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.
- According to the blog, to date, the Pi Domains Auction has received over 123,000 active bids with 57,000 unique bidders.
- Furthermore, the team rolled out several initiatives and community events.
- The fund is designed to support startups and businesses that advance Pi’s utility, adoption, and real-world impact.
He framed the current situation as an accumulation phase, often misunderstood as weakness. For now, he urges users to stay patient and focused, noting that utility-based growth is already underway. Crypto analyst Dr. Altcoin predicts that Pi Coin will stay around the $0.40 level through the end of August.
Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges. The crypto market faced sharp losses over the weekend, dragged down by rising Middle East tensions and inflation fears. Bitcoin slipped below $99,000, with Ethereum and other major altcoins following suit. Pi Coin also plunged 11%, nearing its all-time low, before a slight 0.55% rebound today. June’s 263 million token unlock continues to weigh heavily on Pi’s price, fueling selling pressure and investor concerns. However, caution remains due gay coin price to the July 1 unlock of 40 million PI tokens, which could weigh on prices.
CoinCodex tracks 42,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. According to Google Trends data, search volume for ‘Pi Network’ has been steadily declining. Meanwhile, the team’s announcement positively impacted Pi Coin’s price. Over the past day, its value has increased by 0.58%, bringing the trading price to $0.53 at press time. While the first 100 days have been marked by major developments and growth, criticism has also followed. BeInCrypto reported that Pioneers had raised concerns over the lack of major exchange listings, KYC issues, missing mainnet-ready decentralized applications (DApps), and more.
Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. The Ecosystem Interface also underwent major upgrades. This included an easier application process for developers to add their apps, an improved design for easier navigation, and the introduction of the Pi Ad Network for Pi App developers. Key milestones include the launch of Pi Ventures, the FruityPi game, Pi Domains, and growth in the user base. The announcement prompted a slight rebound in Pi Coin’s price, which has been struggling lately.
“The Ecosystem Interface lists qualified mainnet apps that Pioneers can use. In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Despite these setbacks, the upcoming Pi2day has generated some optimism, with many Pioneers hoping that it may reignite interest and spark a price rally for Pi Network’s coin.
The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative of future results. Kokkalis believes the token’s true value will emerge once the Open Mainnet launches and Pi is listed on major exchanges.
The Pi Network also released a fruit-matching game called FruityPi. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.
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He reassured the Pi community, known as Pioneers, that what’s happening isn’t a crash but a transitional phase. This modest appreciation comes amid a broader downturn. In the past month, PI’s price has declined by 30.4%. Its performance lags behind the broader cryptocurrency market and other similar Layer 1 cryptocurrencies. To support ecosystem growth, Pi Network unveiled a $100 million initiative, Pi Network Ventures, in May. The fund is designed to support startups and businesses that advance Pi’s utility, adoption, and real-world impact.
He pointed out that major assets like Bitcoin, Ethereum, and Solana have also seen notable declines, impacting the overall market mood. So, Pi’s dip isn’t an isolated event, but it could be a part of a global trend. Trading and investing in digital assets is highly speculative and comes with many risks.