Pi Network Price Slips 1% to $0.6426 — Is a Further Decline Ahead for Pi Coin?

Jakarta, Pintu News – The price of Pi coin is expected to continue declining until August, according to a renowned crypto analyst.

He cited a lack of transparency and internal selling as the main culprits, which has caused Pi Network’s token value to drop by 60% from its high point in May.

Then, how will the Pi Network price move today?

Pi Network Price Drops 1% within 24 Hours

On June 2, 2025, the price of Pi Network (PI) was recorded at $0.6426, having corrected 1% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,308), then 1 Pi Network is IDR 10,479.

Read also: Pi Network’s Massive Sell-Off Continues, PI Price Plummets to Weekly Low!

In the last 24-hour period, the price of Pi Network (PI) moved within a range of $0.6292 and $0.6555. In terms of fundamentals, Pi’s market capitalization currently stands at around $4.67 billion, with a fully diluted valuation of $7.18 billion.

The trading volume in the last 24 hours was quite high at $112.95 million, indicating that buying and selling activity is still quite active despite the downward trend in prices.

Pi Coin price could plummet due to transparency issues

Pi Coin price is trading at $0.6800 – its lowest level since May 17 – and is expected to continue declining in the coming months.

In a post on the X platform, renowned Pi analyst Dr. Altcoin warned that the price could fall to $0.40 by August, which would mean a drop of about 40% from the current price.

He highlighted the lack of transparency of the Pi Core Team led by the project’s founders, Nicolas Kokkalis and Chengdiao Fan. He states:

“No investor wants to put money into a project whose founder refuses to be transparent.”

Dr. Altcoin, who has over 46k followers on X, has gone from being a fan of Pi Network to a sharp critic. In recent statements, he has called for the Pi Core Team and Pi Foundation to be open about their token sale.

He also criticized Pi’s extremely high level of centralization, where the Pi Foundation is known to hold over 90 billion tokens in more than 2,000 wallets. This centralization is considered the main reason why major exchanges such as Binance and Coinbase have not listed Pi, despite the project’s popularity among users.

Other Factors Impacting the Pi Network Price

Some other analysts have also raised concerns regarding centralization, citing the risk of single points of failure. For example, the value of Pi could plummet dramatically if hackers managed to illegally access these wallets.

Another risk to the Pi Coin price is the increasing supply. Millions of Pi tokens are being unlocked every month, expanding supply amid stagnant demand. A total of 272 million tokens will be released to the market in June, and a total of 1.53 billion will be unlocked in the next twelve months.

Read also: 3 Popular Altcoins that Crypto Whale Scraped for June 2025!

In addition, there are indications that investors are starting to sell their tokens, with the supply of Pi on exchanges recorded as steadily increasing. In the last 24 hours alone, the supply of Pi on exchanges rose by more than 3 million tokens.

Technical Analysis of Pi Network Price Shows Potential to Fall

The eight-hour chart (30/5) shows that Pi Coin’s price spiked to $1.6600 earlier this month as the market anticipated a major announcement. That’s a 310% increase from its lowest point this year.

However, prices then reversed sharply after the launch of Pi Network Ventures did not meet market expectations. Many investors hoped that the launch would include an official listing on major exchanges such as Binance, Coinbase, or Upbit – which was not the case.

As reported by Coingape (30/5), the price of Pi has fallen below its 50-period moving average, indicating that selling pressure(bearish) is starting to dominate the market. The price is now touching an important support point at $0.6606, which was the lowest level on May 17.

If the price falls lower than this support level, then there is potential for a further decline all the way down to $0.400 – the lowest level in history. This target is about 40% below the current price.

However, if the price manages to rise and break theneckline of the double bottom pattern at $0.8680 – which was the highest point on May 21 – then this downside prediction could be invalidated.

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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:

• Coingape. Analyst Warns Pi Coin Price Crash Amid Lack of Transparency, Insider Concerns. Accessed on June 2, 2025