Price of 1 Pi Network (PI) in Indonesia Today (6/5/25)

Jakarta, Pintu News – The price of 1 Pi Network (PI) in Indonesia as of today, June 5, 2025, is around IDR 10,624 (equivalent to $0.6526). Although it had shown upward potential, the value of PI came under pressure after news that the Pi community rejected plans to list on Binance.

This disappointment was triggered by various internal issues, ranging from a problematic KYC system to tokens that are still locked for many users. This situation has made PI prices volatile, and market sentiment has been significantly affected.

How much is 1 PI in Indonesia today?

Pi (PI) token is currently trading at $0.6491, recording a daily decline of 0.87%. The price movement chart in the last 24 hours shows considerable volatility, with the trend going up to touch a daily high around $0.657, before finally experiencing a sharp correction on the morning of June 5.

With a 24-hour trading volume of $52.51 million and a market cap of $4.75 billion, Pi remains one of the most highly active crypto assets on the market.

Despite the short-term price drop, community sentiment towards Pi is strong – with 88% bullish votes from over 4 million voters, signaling a potential rebound that is still wide open. The project is also supported by a large ecosystem, with a circulating supply of 7.32 billion PI out of a maximum total of 100 billion PI.

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Failed to list on Binance, Pi Network users outraged

The cryptocurrency community is abuzz with news surrounding Pi Network (PI), which was canceled on one of the world’s largest exchanges, Binance. Although many new projects were successfully listed on Binance, the majority of Pi users rejected the plan.

In a poll on social media X (formerly Twitter), the majority of the community said “no” when asked if they wanted to see Pi (PI) listed on Binance. Behind this rejection was a series of serious issues that left users frustrated and disappointed.

One of the main reasons behind the community’s rejection of Pi Network’s listing on Binance is the KYC (Know Your Customer) process, which is considered problematic. Even though users had submitted documents and followed all the steps, many were still not verified. In fact, there are users who claim to have waited more than four months, but still haven’t gotten their KYC results.

The problem is further complicated because Pi Network’s KYC system relies on a “security circle” – where other users must also complete KYC to unlock one’s token.

As a result, even if one person has completed the process, the token remains locked if their circle members have not passed. This brings the verification process to a standstill, as not enough people are participating in the Pi validation program.

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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:

• Crypto Times. Pi Network Binance Listing Talks Spark Outrage, Pioneers Say ‘No’. Accessed June 5, 2025
• Featured Image: Coin Backyard