Pi Network Surges 7% Today (May 19) — But Is a Crash to $0.40 Still Coming?

Jakarta, Pintu News – The Pi Network community was left shocked after the price of Pi Coin plummeted by more than 20% on Saturday, May 17, dropping from its recent peak of $1.60 to just $0.7017.

This sharp drop came right after the euphoria of the Consensus 2025 event, where the Pi Core Team promised a thriving ecosystem and a full Mainnet launch.

However, a prominent Pi analyst known as Dr. Altcoin expressed serious concerns about what’s really going on behind the scenes-and what it could mean for millions of Pi users.

Then, how will the Pi Network price move today?

Pi Network Price Rises 7.6% in 24 Hours

On May 19, 2025, the price of Pi Network (PI) was recorded at $0.7454, having risen 7.6% in the last 24 hours. If converted to the current rupiah ($1 = Rp16,494), then 1 Pi Network is Rp12,294.

In the last 24-hour period, the price of PI moved in the range of $0.6895 to $0.7707, signaling considerable volatility but remaining in an uptrend.

Read also: Pi Network Price to Surge? Binance Teases with Pi Symbol!

With a market capitalization of over $5.35 billion and a fully diluted valuation of $8.23 billion, Pi Network continues to show traction among crypto investors. A 24-hour trading volume of $416 million reflects the high market interest in this asset.

Does the Pi Network Core Team No Longer Need Pioneers?

According to Dr. Altcoin, recent moves by the Pi Core Team suggest that they may no longer need the community that helped build the network.

He highlighted the following points:

• In March, the Core Team asked the Pioneers to promote the Pi project.
• They claim that it took 6 years to make the Pi Network “ready to go.”
• But now, after securing funding through Pi Network Ventures, Dr. Altcoin believes that the role of the community is being sidelined.
• In fact, he noted that in the latest update from the Core Team, the word “Pioneer” is no longer used at all.

Pi Was Pre-Planned – And This Changes Everything

One of the most controversial claims is that all Pi coins are pre-primed, meaning the Core Team holds a large portion of the total supply.

This goes against many users’ belief that they have “mined” Pi over time.

Dr Altcoin warns that this situation gives the Core Team complete control over supply and price, creating the risk of centralization in what should be a decentralized project.

Silent Sale? 12 Million Pi Moved

Dr. Altcoin claims that during the euphoria of Consensus 2025, the Core Team sold around 12 million Pi coins. He even calls it a “rug pull” that was done openly while users were distracted by talk of DApps and Mainnet updates.

However, some community users dispute this claim, saying that there is no evidence on the blockchain that shows the Core Team selling tokens.

Read also: Dogecoin Soars 8% as Whale Unleashes 170 Million DOGE—Market on Edge

They suspected that the move was just a routine transfer to the pioneers’ wallets, not an indication of a sale.

KYC Automation Triggers Privacy Concerns

The analyst also highlighted concerns regarding the new automated KYC (Know Your Customer) process, which he said could jeopardize user data privacy and lower verification standards.

With weaker oversight, he warned the system could become more vulnerable to abuse.

Analysts Predict Pi Price Could Fall to $0.40

Dr. Altcoin expects the price of Pi to drop even further and advises users to wait until the price approaches $0.40 as a better entry point.

He also urged the Core Team to provide an open explanation to the public regarding the recent price drop.

However, not all analysts have a pessimistic view.

Crypto analyst Mr. Spock believes that this decline is only temporary, caused by FUD (Fear, Uncertainty, Doubt).

He emphasized that the strong Pi community and the growing utility of the network are solid foundations, stating:

“Pi Network still has value. Don’t get caught up in the panic.”

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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.

Reference:

• Coinpedia. Is Pi Network Dead? Pi Coin Price Crash Raises Concerns. Accessed on May 19, 2025