The Battle for .pi Domains Is Exploding — Who Will Reign Supreme Before June 28?

Jakarta, Pintu News – The Pi Network team recently launched a name auction for the .pi domain, which is becoming increasingly popular with investors. The move was made to expand the ecosystem and strengthen ties with the community, although the response from asset holders has been mixed.

In a time of uncertainty – with the Pi community awaiting important news and the Israeli-Iranian conflict influencing investors’ trading decisions – the auction saw higher and higher bids.

So, who is leading this auction? Let’s discuss.

What makes Pi Network and the .pi Domain Auction such a hot topic?

Pi Network has finally released its native coin after years of waiting. This highly anticipated launch immediately drove high demand in the crypto community, with Pi tokens even reaching a record high price (ATH) of $2.98.

Read also: Pi Network Struggles at $0.55 – What’s Behind the Continuous Drop?

With various new updates, including the .pi domain auction that will end on June 28, interest in the project continues to rise.

Interestingly, the domain auction is now available as a separate app, and bidders are actively buying brand-related names.

In the official blog post, it is mentioned that the .pi domain will give its owner a unique Web3 identity, similar to the function of the .com domain on the internet today.

Users can connect their domains to DEX app stores, Pi-based applications, or their personal projects. More importantly, these domains can be used instead of long and complicated crypto wallet addresses.

The development team also plans to release additional tools to support the development of Pi-based applications, smart contracts, and services, making the hype around the .pi domain even greater.

Plus, the announcement regarding the upcoming Pi2Day made investors even more curious and enthusiastic.

Who’s Leading the Pi Network Domain Auction War?

The auction of .pi domains begins around the Pi Day 2025 celebration, opening up the opportunity for investors to bid.

According to the Pi Core Team (PCT), these domains are designed as Web3 digital identities that connect directly with businesses, projects, and even applications within the Pi ecosystem.

The latest data from the auction shows that the total bid value has reached 3,035,057 Pi Network coins, equivalent to approximately $1,702,060, based on the current Pi Coin price of $0.5578.

In more detail, bids are divided into several price categories: standard, premium, luxury and elite. To date, the total number of bids has been recorded at 122,217, and about 96.64% of them fall into the standard category (10-100 Pi).

The highest bid so far was for 20,020 Pi (worth about $11,233) made by a wallet owner with the address GBPGBN…2YAXUZ. The user has bid on 15 items and still holds $113,711.69 worth of tokens.

However, despite the high enthusiasm and the number of offers constantly increasing, the price of the Pi coin itself is still not showing a significant increase.

Read also: Pepe Coin Threatened to Break Below $0.00001: Whale PEPE Activity Triggers Market Panic!

Pi price plummets despite domain auction hype

Although the .pi domain auction is in the spotlight, the price of the Pi coin is not showing a positive impact. Currently, the coin is trading at $0.5578, a decrease of 7% on the day.

Meanwhile, its trading volume and market capitalization stood at $103.37 million and $4.15 billion, respectively.

This high selling pressure is mainly due to the overall downturn in the crypto market. Also, despite the interest of some investors in this domain auction, the majority of users are still waiting for another important update from the Pi network.

Pi investors are still waiting for the launch of key features such as Smart Contracts, KYC issue resolution, and other infrastructure updates.

On the other hand, .pi domain auctions are more for functional use in the ecosystem, rather than as a speculative asset to be held or resold, so demand is likely to be limited.

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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. Who’s Leading the Pi Domains Auction as June 28 Deadline Nears. Accessed on June 18, 2025