Pi Network Crashes 10% in a Day as Mining Rate Takes a Major Hit – What’s Going On?

Jakarta, Pintu News – According to Crypto Times (4/6/25), since the launch of the Mainnet, Pi Network (PI) has experienced a significant drop in its base mining rate. As of April 6, 2025, the mining rate has dropped to 0.0029 Pi per hour, a decrease of approximately 38% from the previous rate.

This adjustment is part of Pi Network’s strategy to increase the rarity and potential value of the cryptocurrency as the number of users grows.

Then, how will the Pi Network price move today?

Pi Network Price Drops 10.1% in 24 Hours

The price of Pi Network (PI) is under heavy pressure again, falling by 10.1% in the last 24 hours (4/7/25) and is now trading at around $0.5793. If converted to rupiah at the current rate, which is $1 = IDR 16,979, the price of Pi Network to rupiah is around IDR 9,678.

In the span of 24 hours, PI touched a low of $0.5584 and a high of $0.6637.

Read also: Can Pi Network Price Rebound? Crypto Expert Gives Advice on Burning Pi Coin!

Pi Network’s market capitalization currently stands at $3,144,349, while its fully diluted valuation stands at over $6 billion. Trading volume in the last 24 hours has also been significant, reaching $471 million, reflecting high buying and selling activity despite selling pressure still dominating.

Mining Rate Adjustment Strategy

Pi Network’s reduced mining rate aims to maintain a balance between supply and demand.

By reducing the amount of Pi that can be mined per hour, Pi Network seeks to increase the value of its currency in the long run. This is a strategy often used by various cryptocurrencies to ensure that their value does not devalue due to oversupply.

Furthermore, this adjustment also reflects a new phase in the evolution of Pi Network, where the focus is shifting from rapid accumulation to building a more stable and sustainable ecosystem.

With this reduction, Pi Network expects its miners to more actively participate and utilize the available bonuses to optimize their earnings.

Impact on Pi Network Miners

With mining rates falling, Pi Network miners now need to be more strategic in their activities.

Read also: Dogecoin Price Plunges 13% Today (4/7/25): Can DOGE Reach $2?

They need to be more consistent in their participation and take advantage of every opportunity to earn bonuses that can increase the amount of Pi they accumulate. This emphasizes the importance of active engagement in the network to maximize earnings.

In addition, miners should also be aware that the value of Pi may fluctuate. Despite having experienced a 10% increase on April 6, 2025, Pi Coin is now under pressure with a price correction of 10.1% (4/7).

Pi Network fluctuations provide opportunities but also risks, so miners must keep up with the market to make informed decisions.

Overall, Pi Network’s reduced mining rate is a strategic move that reflects the transition from the early growth phase to building a more mature ecosystem.

While this poses new challenges for miners, it also opens up opportunities for long-term value growth. With the right approach, Pi Network and its users can continue to thrive in a competitive digital economy.

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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:

• Crypto Times. Pi Network Mining Rate Drops 38% Since Mainnet Launch. Accessed on April 7, 2025