Record-Breaking .pi Domain Auction Sparks Hype — Is Pi Network on Track to Reclaim $1?

Jakarta, Pintu News – According to Coingape (3/26/25), Pi Network has released a policy document governing their domain auctions, and the results of this event are quite surprising.

It has only been about a week since the domain auction started, and the number of incoming bids has surpassed 200,000, fueling speculation that the PI price could be pushed up to $1.

Pi Network Records Fantastic Numbers in Domain Auctions

Pi Network is in the spotlight thanks to the high enthusiasm for its recently launched .pi domain auction.

In an official statement from the Pi Core Team (PCT), it was mentioned that in just under one week since the start of the auction on March 14, the number of bids had surpassed 200,000.

Read also: Pi Network Price Drops 1% Today (3/27/25): What Will Happen Next?

The auction allows community users to claim .pi domains, and to date, there have been more than 40,000 unique bidders vying for approximately 95,000 domains.

A total of nearly 3 million Pi tokens have been used in active offerings, with the highest offering reaching 30,000 Pi for a single domain.

The most contested domains are those associated with big brands such as Amazon and Samsung, showing how much branding potential there is in this ecosystem.

According to Pi’s core team, this surge in demand for .pi domains reflects the growing ecosystem of Pi-based applications, businesses, and online services-all of which utilize blockchain-based domain ownership for branding, accessibility, and digital transactions.

PCT Releases Policy Documents Related to .pi Domain Auctions

The Pi Core Team (PCT) has released an official policy document governing the auction mechanism for .pi domains.

Based on the details in the document, all proceeds from this auction will be returned to support the Pi ecosystem, mainly through programs for developers and organizing various Pi community events.

Interestingly, applications that are part of the Pi ecosystem do not need to follow a complicated auction process. They will get automatic access to secure .pi domains, as a form of support for development in the network.

The PCT also emphasized that .pi domains are similar in concept to traditional internet domains-they require periodic renewal, or they will expire if not renewed.

Currently, the .pi domain only works in the Pi Browser, and the team says that there is no guarantee it will be compatible with common or legacy browsers outside of the Pi ecosystem.

Read also: Crypto Analyst Predicts Dogecoin Price Has the Potential to Break $3!

Pi Coin Price Potentially Back to $1 in the Near Future?

Optimism continues to grow among the Pi Network community that the Pi Coin price will break through the $1 level again in the near future, even though the asset is currently down about 1.9% (3/27/25).

This drop below the $1 mark was triggered by the recent token unlock process on the Pi network, which caused massive selling pressure in the market.

Currently (3/27), Pi Coin is trading at around $0.8094, with daily trading volume up 23%. Overall, Pi Coin’s price has fallen 70% from its record high of $2.98, but the community spirit to push the price back to $1 is strong.

In addition, there are rumors that Upbit, one of the major crypto exchanges in Asia, will soon list Pi Coin. If this news is true, it could potentially trigger a huge spike in price, especially as Pi’s on-chain activity becomes more active.

However, one analyst stated that the main reason why many major exchanges have not dared to list Pi Coin is because there is still a lack of transparency from the Pi Core Team (PCT) regarding the project as a whole.

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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 Releases Update On Domain Auction, Pi Coin To Rebound To $1? Accessed on March 27, 2025