Jakarta, Pintu News – On April 22, 2025, the price of Pi Network recorded a 1% decline and is now around $0.6324. Then, how much is the price of Pi Network in rupiah today? Check out the full review below.
On April 22, 2025, the price of Pi Network decreased by 1.0% and is now trading at around $0.6324. If converted to rupiah at the current value, which is $1 = IDR 16,854, the price of Pi Network to rupiah is around IDR 10,618.
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During this period, the PI price moved within a range of $0.625 to $0.6398, showing relatively stable movement compared to previous volatility.
PI’s market capitalization now stands at approximately $4.38 billion, with a fully diluted valuation of $6.73 billion. Daily trading volume was recorded at $87 million, indicating a decrease in transaction activity compared to previous days.
The Pi Network’s popularity is slowly fading, and this is directly reflected in the price drop in the market.
The development team’s lack of attention to complaints and feedback from the community has led Pi Network to receive a lot of criticism from crypto players. In addition, the release of a large number of tokens also exacerbated the price decline.
On the other hand, Pi Network’s Founder and Chief Technology Officer, Nicolas Kokkalis, is scheduled to attend the big crypto event, Consensus 2025, as one of the speakers.
Many in the crypto community saw this moment as a golden opportunity to promote and remarket the Pi Network project. The hope is that Kokkalis’ presence at the event can push up the market price of the Pi coin.
The Consensus 2025 crypto conference will be held on May 14 to 16 this year in Toronto, Canada. The event is organized by CoinDesk, one of the leading crypto media platforms.
Nicolas Kokkalis is scheduled to share the stage with luminaries such as Eric Trump, Robert Hines, Charles Hoskinson, Kevin O’Leary, and several other big names.
Meanwhile, the Dr. Altcoin X account on social media – known as one of Pi Coin’s staunchest supporters – also highlighted the Consensus 2025 event in one of its latest posts.
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He considers this event as one of the best opportunities so far to introduce and promote Pi Network more widely.
Dr. Altcoin also suggested that the Pi Network team accelerate its network development before the event.
Two important things highlighted in the post are: expediting the pending approval of Know Your Business (KYB) applications, as well as officially launching various dApps (decentralized applications) on the Pi network.
If these two measures are realized soon, it is believed that confidence in Pi Network can be restored, which will ultimately drive the growth and development of the project.
Pi Network has scheduled a large number of token releases every day for the next few years. Today alone, the team unlocked 8.2 million PI tokens, which is thought to be one of the reasons for the token’s price drop.
On average, more than 7 million tokens are released to the market every day, and on April 30, there will be the largest release of 11.2 million tokens.
A combination of the large volume of token releases, the slow approval of Know Your Business (KYB) applications, as well as the team’s lack of attention to community complaints, were the main reasons why Pi Network lost its traction in the market.
However, Nikolas Kokkalis’ presence at the Consensus 2025 event is still an important hope that might bring positive changes to the future of the project.
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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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