Price of 1 Pi Network (PI) in Indonesia Today (4/16/25)

Updated

April 16, 2025

Gambar Price of 1 Pi Network (PI) in Indonesia Today (4/16/25)

Jakarta, Pintu News – Today’s crypto market conditions have shaken investors again, especially Pi Network (PI) supporters. On April 16, 2025, the price of 1 PI recorded a sharp correction, reflecting the turmoil that is currently sweeping the digital asset market.

This drop reminds many of the shocking fall of the Mantra token some time ago- a story that served as a bitter lesson on the importance of transparency, real utility, and ecosystem stability.

Will the fate of PIs follow in the same footsteps, or will they rise with a strong fundamental renewal?

This article will review the current price of PI in Indonesia and analyze the market dynamics that affect it!

How much is 1 PI in Indonesia today?

Based on data from CoinMarketCap, the price of 1 Pi Network (PI) in Indonesia today stands at $0.6394, having decreased significantly by 13.00% in the last 24 hours.

The price movement chart shows that from morning to afternoon, the price of PI was relatively stable around $0.7333. However, around 6 p.m., there was a sharp drop, signaling a massive sell-off or sudden negative sentiment from the market.

After this drop, the price of PI fluctuated but remained in a downtrend until the early morning hours. Currently, the lowest price of PI is recorded at $0.6343, while the highest price in the last 24 hours is at $0.747.

Regarding fundamental data, PI’s Market Cap stood at $4.39 billion, down 13.25%, but 24-hour transaction volume increased significantly by 45.90% to reach $294.09 million. This suggests a surge in trading activity, most likely due to the large sell-off that occurred.

PI supply is recorded with a maximum total supply of 100 billion PI, but only 6,888 billion PI are currently circulating in the market.

Despite strong selling pressure, community sentiment was still dominated by bullish views (optimistic) at 88% of the total 3.9 million votes.

Also read: 3 Crypto Airdrops in the Spotlight this Week!

Lessons from the Fall of Mantra (OM)

The dramatic fall in the price of Mantra (OM) from $6.32 to just $0.57 in a single day has shocked many investors and market analysts. This incident, which resulted in a market loss of $6 billion, has sparked speculation about possible deliberate market manipulation.

The $OM incident is a wake-up call for the entire crypto industry—proof that stricter regulations are urgently needed. It also serves as a HUGE lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet. @PiCoreTeam @nkokkalis @Chengdiao pic.twitter.com/zBN4LSsONN
— Dr Altcoin (@Dr_Picoin) April 14, 2025

Dr. Altcoin emphasized that this incident should be a valuable lesson for Pi Network to strengthen its infrastructure and regulations before it moves to the Open Mainnet. According to Dr. Altcoin, this incident shows the importance of a strong oversight and security system in the cryptocurrency ecosystem.

He urged the PCT to expedite the development and implementation of safeguard systems to avoid sharp and unexpected price drops such as those experienced by Mantra (OM).

Losing Faith in PiCoreTeam

While many still believe that the PCT is not involved in fraudulent schemes, trust in the team is fading due to some unanswered transparency issues.

Dr. Altcoin highlighted that the lack of clarity regarding the locking and burning mechanism of Pi Coins has raised concerns among investors and network users.

In addition, delays in the Know Your Business (KYB) approval process have raised more questions than answers. Dr. Altcoin suggests that if the PCT can expedite the KYB process for slumping exchanges.

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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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