Pi Network Surge: Social Media Dominance Soars, But 340 Million Tokens May Tank Prices!
Jakarta, Pintu News – Pi Network is attracting attention again. Talk on social media is booming, with Pi’s social dominance reaching 0.276%-the highest since May 21. This is a huge spike compared to the lowest figure this month, which was just 0.09%.
Pi Network interest rises ahead of Pi Day 2
This growing interest comes ahead of “Pi Day 2” on June 28, which will conclude a series of events such as the .pi domain auction and Open Network PiFest. These events could push Pi prices even higher.
Read also: 3 Cryptos to Buy After Slowing US CPI Data and Controlled Inflation!
As of June 11, 2025, Pi is trading around $0.64, down about 2.35% so far this month. Pi is at an important support level.
According to Coineida (11/6), on the chart of the PI token, there is a triple-bottom pattern forming-a sign that a big price surge may be imminent. If Pi can rise above $0.80, there will most likely be a strong rally.
Some Pi Network Indicators Are Still Negative
However, not everything looks perfect. Some indicators are still showing negative numbers, and trading volumes continue to decline. If the price doesn’t break $0.80, the downward trend could continue.
Analysts also warn about the presence of bearish divergence, which means prices are rising but strength is falling-a sign of possible weakness.
One big update: Over 340 million Pi tokens will be unlocked in the next 30 days. This could lead to more people trading and using Pi, but it could also put pressure on the price.
Read also: Pi Network Price Stalls at $0.62 Today (6/12): What’s Next for Pi Coin? Will It Surge or Fall?
Another big move happened recently-200 million Pi tokens were withdrawn from liquidity reserves and moved to new wallets.
Some experts think this is a private “OTC” (over-the-counter) transaction, where a large number of tokens are traded off-exchange. This has sparked talk about the possibility of large investors being involved.
Finally, there is the ongoing debate about Pi’s dual value system. In the public markets, Pi is trading below $1. But within the network, the Global Consensus Value (GCV) is set at $314,159 per coin-yes, that’s right.
This huge discrepancy has sparked confusion and debate. However, on-chain data shows that real users are making transactions at those high GCV levels, meaning this model may indeed have real-world use.
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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. Pi Network News: Social Media Dominance Returns, but 340M Tokens Could Pressure Price. Accessed on June 12, 2025
