Surge in Pi Network Domain Auction Activity Fuels Community Optimism

Jakarta, Pintu News – After a period of quiet and declining investor interest, Pi Network has made a comeback with a domain auction that sparked great enthusiasm from its community. Although the price of Pi Coin experienced a drastic drop of 73% from its high point, the surge in participation in this auction reignited hope for the potential development of the Pi blockchain ecosystem.

Domain Auction Triggers High Engagement

In less than a week, more than 200,000 bids have been submitted by over 40,000 unique users, covering approximately 95,000 .pi domain names. Around 3 million Pi tokens have been committed in the auction process, with some premium domains selling for up to 30,000 Pi per name. Currently, the value of 1 Pi Coin stands at $0.7885 or around Rp13,101 (assuming 1 USD = Rp16,612), down from its peak of $2.98 (Rp49,489).

Domain names associated with big brands like Amazon and Samsung became prime targets, sparking fierce competition. This is attracting attention from developers and businesses who are starting to see the value in building on top of the Pi network. Pi Network’s core team hopes that this trend will drive the growth of services within their ecosystem.

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Domain Auction Funding and Purpose

Proceeds from the domain auction are planned to be allocated to various programs, including developer funding, community events, and expansion of the Pi ecosystem. The goal is to create long-term utility and encourage sustainable development within the platform.

Applications developed on the network can still obtain domain names without having to participate in a public auction, although they will have to renew those domain addresses regularly like a traditional web domain system. Currently, .pi domains only work within the Pi browser, making it a “digital estate” that is more of a long-term investment than an immediate need.

Price Sentiment and Expectations of Listing on the Exchange

Despite the surge in user activity, Pi Coin’s price has not shown any significant movement. In fact, the price dropped 5% recently, maintaining its position below the psychological level of $1 (IDR 16,612). This decline is partly due to the release of new tokens and selling pressure from existing investors.

However, there is market speculation that suggests a possible listing of Pi Coin on the South Korean Upbit exchange. If this listing were to happen, many predict that it would bring new liquidity flows and could push the price of Pi Coin back above $1. Although unconfirmed, this rumor has sparked heated conversations in the Pi community.

Transparency Challenges and the Future of the Pi Network

While the auction activity was energizing, other challenges still haunt the Pi Network. Some still highlight the lack of transparency from the project’s core team. In addition, regulatory uncertainty and the fact that Pi Coin is not yet listed on major exchanges such as Binance are obstacles in expanding the token’s exposure.

However, developer enthusiasm and increased community participation are giving positive signals. Tangible activities such as domain auctions are considered more grounded than just market hype. Whether this momentum is enough to lift Pi Coin’s value and position in the crypto market is still an open question.

Conclusion

Pi Network shows that active community participation can be key in reviving a fading crypto ecosystem. The auction of the .pi domain is a new milestone that shows the interest of developers and users in the long-term potential of this network. Although the Pi Coin price is still under pressure, there are signs of optimism behind the activity.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Bena Ilyas / Crypto News Flash. Pi Network News: Can the Domain Auction Revive Pi Coin?. Accessed March 28, 2025.
• Featured Image: Bitrue