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Jakarta, Pintu News – As the crypto market faces a downturn today (March 11, 2025), Bitcoin (BTC) and Ethereum (ETH) have undergone significant price corrections. Alongside them, Pi Network (PI) has also seen a decline during the same period.
This market movement has sparked curiosity among investors and crypto enthusiasts in Indonesia: How much is Pi Network worth in rupiah today?
As of March 11, 2025, Pi Network (PI) is down 0.6% in the last 24 hours, trading at approximately $1.38. Based on the current exchange rate of $1 = 16,430 IDR, the Pi Network price in rupiah is around 22,674 IDR.
Read also: Hamster Kombat GameDev Heroes Daily Combo & Daily Cipher Update March 11, 2025
Throughout this 24-hour period, PI coin traded in a price range of $1.31 to $1.46, showing considerable volatility.
Despite the correction, Pi Network’s market capitalization still stands at around $9.97 billion, with a fully diluted valuation (FDV) of $15.34 billion. In addition, trading activity has also increased significantly, with transaction volume in the last 24 hours reaching $598.52 million.
On March 10, the price of Pi Network also experienced a significant decline of 7%. The Pi Network (PI) coin price drop coincided with a broader crypto market correction, where Bitcoin (BTC) fell sharply to $80,000.
However, many members of the Pi community believe that this is not the only factor behind the price drop. Some traders suspect that the large movement of tokens from the Pi Core Team (PCT) wallet contributed to this drop.
On March 7, approximately 90 million Pi tokens were transferred from the wallet, followed by an additional transfer of 36.4 million tokens the next day.
As this event coincided with a price drop, speculation arose that the development team may be selling a large amount of tokens, potentially pushing the price down further.
In addition, within the next month, a large number of Pi tokens are scheduled to be unlocked, potentially affecting price stability. The two largest releases will occur on March 17 and March 21, with over 23 million Pi tokens hitting the market on each of those dates.
Read also: Pi Network Price Drops – Can Pi Coin Rebound to $3.50?
In total, approximately 282 million Pi tokens – worth approximately $390.93 million – will be unlocked in the next 30 days. This increased supply could add to selling pressure and make it difficult for Pi Coin’s price to recover in the short term.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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