Jakarta, Pintu News – The global crypto market continues to move dynamically, including Pi Network (PI) which has recently been talked about in various crypto apk communities and futures trading platforms. Despite the widespread adoption of Pi Network with millions of users around the world, the price of PI has actually experienced a significant decline.
This phenomenon caught the attention of many, especially when news broke that the founders of Pi Network had secretly become billionaires on paper.
This raises a significant question among Indonesian investors: is now the right time to start exploring PIs, or should they wait for a new momentum?
The PI crypto price chart over the past 24 hours shows a general downward trend. The price had opened at levels around $0.6684 but experienced a significant decline, touching a low of nearly $0.638 in the afternoon.
After that, the chart shows a relatively volatile price movement with some small spikes, but still unable to return to the opening level. As of 6am as indicated, the price of PI was recorded at $0.6538, marking a 1.79% drop in 1 day.
This price drop was also accompanied by a 42.44% decrease in daily trading volume, with total volume reaching $87.15 million. The current market capitalization stands at $4.54 billion, with an outstanding supply of 6,958 billion PI out of a maximum total of 100 billion PI.
Despite the price drop, community sentiment is still very positive, with 88% of users voting bullish, indicating market optimism towards the long-term potential of this token.
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Despite the large number of users worldwide, the price of the PI token has experienced a significant decline. The total valuation (FDV), which once reached $300 billion, is now approximately $64.57 billion. The latest price is roughly $0.6459, representing a decrease of around 2.49%, as indicated in the latest price chart.
With a maximum supply of 100 billion tokens, many expected the price per coin to be higher. However, since no official exchanges are currently trading PI, the expected potential value has yet to be realized. However, more than 65 billion PI tokens are still held by the community, which is a source of hope that if a listing does occur, the price could jump dramatically.
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Nicolas Kokkalis and Chengdiao Fan, the two founders of Pi Network, may rarely appear in the news, but it is estimated that they are already billionaires on paper. They are rumored to control around 20 billion tokens, which, if calculated based on current FDV, is worth more than $13 billion. If split in half, each could have around $6.6 billion in PI.
They lead the SocialChain company with a small team of about 40 people. Additionally, they are believed to have a significant influence over the foundation’s token reserves of 10 billion PIs. Their wealth is not yet liquidated, but it already reflects the scale of ambition behind the Pi Network project.
Interestingly, it is not only gold that is in the spotlight. On April 25, 2025, the price of Bitcoin (BTC) also attracted attention by showing a price increase of 0.22% and touching the 1.5 billion IDR mark within 24 hours.
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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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