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Jakarta, Pintu News – Pi Network (PI) has experienced a 3.6% drop in the last 24 hours, reflecting the still high volatility of the crypto market. Currently, the Pi Coin price is around $0.9324, with price movements in the range of $0.9192 to $0.9763 throughout the day.
Then, how much is the price of Pi Network in rupiah today? Check out the full review below.
At the time of writing (3/25/25), the price of Pi Network (PI) has recorded a decline of 3.6% in the last 24 hours, with the price of PI coin around $0.9324. If converted to rupiah at the current value, which is $1 = IDR 16,634, the price of Pi Network to rupiah is around IDR 15,470.
Read also: Can Pi Network Reach Ripple’s Market Cap? Exploring Its Growth Potential
Within the daily range, the price moved between $0.9192 to $0.9763, signaling fairly limited volatility after the downward trend in recent weeks.
Pi’s market capitalization currently stands at around $6.3 billion, with a fully diluted valuation of over $9.7 billion. The 24-hour trading volume was quite active, touching $235.5 million, indicating there is still interest from investors despite the price pressure.
As mentioned above, Pi Network’s price today stood at $0.9192, a decrease of 3.6% compared to the previous day, while daily trading volume actually increased by 1% to $235.5 million.
Citing a Coingape report, the recent price drop seems to be due to a lack of positive sentiment in the market. To illustrate, Binance-the leading crypto exchange-has yet to confirm the listing of Pi Coin on its platform, which has weakened investor confidence.
In addition, the absence of any major announcements from the Pi Core Team also added pressure to market sentiment.
According to a Pi Coin enthusiast, Dr. Altcoin, via the X platform (Twitter), the influx of unlocked Pi coins to centralized exchanges (CEX) caused a surge in circulating supply.
To combat this, the Pi team may need to burn around 60-100 million additional coins in the next few days. This move, according to Dr. Altcoin, could potentially push the Pi price back to the $1 mark.
Although investors remain cautious, this prediction from Dr. Altcoin gives some hope for the future of Pi Coin.
However, given further token openings and other factors, Dr. Altcoin advises investors to conduct in-depth research before making an investment decision.
With the unlock date fast approaching, many market observers are starting to speculate on the direction of Pi Coin’s price movement.
Read also: Dogecoin Skyrockets 7% Today – Experts Say a Mind-Blowing 12x Surge Could Be Coming Soon
Over the next 30 days, a total of 97.65 million Pi tokens, equivalent to approximately $93 million based on current prices, will be released to the market. The average number of tokens to be unlocked per day stands at 3.25 million, with a peak on April 3 of 6.8 million tokens.
Meanwhile, data from PiScan reveals that the total tokens to be unlocked will continue to increase in the next few months, with 115.57 million tokens in April, 182 million tokens in May, and 222 million tokens in June.
It is feared that this large number of unlocks will add pressure to Pi Coin’s price performance in the future.
However, as Dr. Altcoin points out, if the Pi Core Team were to take steps to conduct a token burn, it could help alleviate that pressure and keep the Pi Network price stable.
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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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