Pi Network Price Plunges 13% Today (March 18, 2025) – Here Are the Top 3 Reasons Behind the Crash!

Jakarta, Pintu News – The price of Pi Network fell by around 13% today (18/3), reflecting waning investor interest in the risky asset. Despite being the talk of the town, the crypto has experienced significant losses in recent times, mainly due to the lack of major announcements and updates regarding the token.

Amidst these conditions, a Pi Coin enthusiast revealed some of the main reasons that likely triggered the recent massive market sell-off.

Pi Network Price Drops 13.6% Today (3/18/25)

As of March 18, 2025, the price of Pi Network (PI) stands at $1.15 (IDR 19,023), having decreased by 13.6% in the last 24 hours. Its value against Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- also fell by 12.2%, to 0.00001397 BTC.

Read also: Pi Network Price Potentially Plummets to $1, What’s the Trigger?

In the last 24 hours, the price of PI coin has been in the range of $1.09 – $1.36. The chart shows a sharp downward trend since the morning, with the lowest point around $1.09 before experiencing a slight recovery in the afternoon to evening.

Furthermore, Pi Network’s market cap now stands at around $7.86 billion, remaining in a fairly strong position despite the price correction. Fully diluted valuation (FDV) touches $12.1 billion, indicating the maximum potential valuation if all tokens are outstanding.

Meanwhile, Pi Network’s 24-hour trading volume now stands at $649 million, signaling high market activity despite the price drop.

What happened to the Pi Network price today?

Pi Network Faces Huge Sales Wave Amid Investor Concerns

Pi Network (PI) coin’s recent price drop has many investors questioning the long-term sustainability of the project. Proponents note that this drop is directly related to the deteriorating public sentiment.

One of the main factors that triggered this was Pi’s failure to get a listing on Binance, despite 86% of its community having voted in favor.

This rejection shook investor confidence and further depressed the value of the token. Concerns were further heightened as the Pi Core Team also did not provide any significant updates on Pi Day, an important event for the community.

Many early miners who had supported the project for years now began to openly criticize the team for the lack of visible progress. With the project having been running for six years, frustration is mounting over expectations that have yet to be realized.

Lack of Development Roadmap Triggers Concerns

One of the main complaints of Pi Coin investors is the absence of a clear roadmap for the launch of the Open Mainnet. Unlike other crypto projects that provide a transparent development timeline, Pi Network still does not provide clarity regarding its future direction.

Read also: Pi Network Launches .pi Domains, Digital Revolution or Dead End?

This uncertainty is fueling growing skepticism, with some fearing that the project may never achieve full decentralization.

In a recent social media post, Pi enthusiast Dr. Altcoin revealed that the crypto’s ranking has dropped to #13, with the price plummeting below $1.30.

He emphasized that the drop in value reflected the community’s disappointment with the project’s progress. Without a clear roadmap, investors remained skeptical, which eventually prompted a larger wave of sales.

Communities Demand Transparency & Progress

The Pi Network community is calling for immediate action from the core team. Investors believe that for Pi Network’s price to increase again, the team must rebuild trust with:

• Released a clear Open Mainnet roadmap.
• Launched the long-awaited 100 decentralized apps (DApps).
• Disclose major investors and strategic partnerships.

According to Dr. Altcoin, these steps are crucial to restore confidence in the project and prevent further price drops. Without transparency and real progress, Pi Coin risks losing even more support.

However, recent price analysis suggests a potential 3X spike if Binance incorporates these tokens into its platform.

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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.

Reference:

• Coingape. Pi Network Price Slips 17%: Here’s Why Pi Coin Is Falling. Accessed on March 18, 2025