Pi Network Plunges 19%—Is the Long-Awaited Mainnet Launch Finally Around the Corner?

Updated

May 13, 2025

Gambar Pi Network Plunges 19%—Is the Long-Awaited Mainnet Launch Finally Around the Corner?

Jakarta, Pintu News – Some time ago, the price of Pi Coin jumped sharply today in line with the overall crypto market recovery, driven by positive news related to the US-China trade war.

However, there is something else at play. Pi Network’s tokens are often talked about due to their bullish price performance and expectations of listing on leading crypto exchanges.

Then, how will the Pi Network price move today?

Pi Network Price Drops 19.2% in 24 Hours

On May 13, 2025, the price of Pi Network (PI) was recorded at $1.03, a decrease of 19.2% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,520), then 1 Pi Network is IDR 17,016.

Today’s drop is quite significant considering the PI token briefly touched a daily high of $1.62, before dropping back down to the lower range at $0.9263.

Nevertheless, Pi’s 24-hour trading volume was quite high, reaching over $2 billion ($2,044,817,219). This shows that despite the price decline, interest in the token is still very high, with a lot of buying and selling activity taking place in the market.

In terms of market capitalization, Pi Network ranks #26 with a market cap of $7,247,031,176 and a fully diluted valuation of over $11 billion.

FOMO Drives Pi Network Price Increase

Despite today’s significant drop, a few days ago, amid a broad market recovery due to trade talks between the US and China, digital assets experienced a surge in value, and Pi Network’s price increase was part of that trend.

Experts believe that this spike is driven by FOMO (Fear of Missing Out), as investors’ positive sentiment increases ahead of upcoming updates in the Pi ecosystem.

In a post on May 8, Pi Network announced that there would be an ecosystem-related announcement on May 14.

A Pi ecosystem announcement will be released on May 14. Tune in to find out what's coming next! pic.twitter.com/5jn7m5mlmD
— Pi Network (@PiCoreTeam) May 7, 2025

While there is no official information on what will be announced, investors expect it could be the long-awaited listing on Binance, or something equally positive.

As a result, many observers have started buying Pi Coin in the hope that there will be a price increase rally.

Is the Pi Network Mainnet Launch Coming Soon?

While there is no certainty about Pi Network’s announcement on May 14, investors are hoping there will be news of a listing on Binance or the launch of the mainnet.

Adding to the anticipation, Pailot-an app that bridges logistics technology and Web3-revealed that they are preparing the Pailot app for review by Pi’s core team before the upcoming ecosystem listing.

Stay updated on #PiNetwork potential and bullish trends in 2025

➤ #PiNetwork24X7 🔔https://t.co/6lIJchApWy
— The Times of PiNetwork (@PiNetwork24X7) May 12, 2025

If this does happen, the price of Pi Coin is predicted by experts to reach new highs. Crypto TA King mentions that important resistance levels are around $1.39, $1.69, and $2.00.

If this bullish momentum continues, Pi prices could potentially reach $1.7 amidst the FOMO euphoria ahead of the May 14 announcement.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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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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