Price of 1 Pi Network (PI) in Indonesia Today (5/7/25)
Jakarta, Pintu News ā The price of 1 Pi Network (PI) in Indonesia today, May 7, 2025, has caught the attention of many investors and cryptocurrency users as the network will soon unlock more than 231 million coins throughout May.
It is feared that the large number of tokens entering circulation will put additional selling pressure on the market and potentially lower PI prices if not accompanied by increased demand. Amid this uncertainty, many parties are monitoring PI price movements more closely, including in the Indonesian market.
How much is 1 PI in Indonesia today?
The chart above shows the price movement of the Pi (PI) token over the past 24 hours. At the beginning of the period, the price briefly touched a daily high of $0.5866 before experiencing a significant decline.
The chart then showed a gradual downward trend until it hit a daily low around $0.5715. Despite a slight recovery in the middle of the day, the price weakened again and closed at $0.5791, recording a decline of 1.43% in the last 24 hours.
Trading volume during this period increased by 23.60% to $46.93 million, indicating considerable buying and selling activity amid price volatility.
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Pi Network is to unlock 231 million PI coins, but is the price threatened to drop?
The PI coin is at a crucial point because in the next few days, a large number of tokens will be released to the market. Starting May 6, 2025, millions of Pi tokens are scheduled to be unlocked daily. On May 6 alone, more than 10.5 million tokens, with a value of approximately $5.87 million, were released into circulation.
The number of tokens released will continue in the following days, with a total of more than 231 million tokens to be released throughout May, and another 222 million tokens in June. In total, more than 1.4 billion PI tokens, valued at over $850 million, will hit the market over the next year.
This massive release could encourage more people to sell their tokens, especially those who have had allocations since the beginning of the project. This increased supply could depress the coinās price if not matched by sufficient demand. Pi Coinās price currently hovers around $0.5802-more than 80% lower than its all-time high.
In addition, PIās trading volume has also been low recently, and its price movement has been stagnant since early April. This could be a sign that the PI coin is in the āaccumulationā phase according to the Wyckoff Market Cycle theory, which is a phase where investors begin to quietly accumulate assets before a possible price spike.
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*Disclaimer
This content aims to enrich readersā information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetās 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 and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Crypto Times. Pi Network to Unlock 231M PI Coins, Price Crash Incoming? Accessed May 7, 2025
- Featured Image: Coinpedia
