Why did Pi Network (PI) Price Drop Today (6/19/25)?

Jakarta, Pintu News – Today, Wednesday, June 19, 2025, the price of the Pi Network cryptocurrency experienced a significant drop of 3%, down to $0.5358.

This drop comes amidst various issues plaguing the Pi network ahead of the major Pi2Day update, including technical glitches in the user migration process and increasing pressure on the supply of tokens to the market.

In addition, technical indicators showing a bearish trend also reinforced the negative sentiment among investors.

PI price drops 3.05%, market cap also drops 2.95% in 24 hours

The chart above shows the price movement of the Pi (PI) crypto within the last 1 day (1D) based on data from CoinMarketCap. On June 19, 2025, the price of Pi opened at around $0.5562 and experienced a downward trend throughout the day, bottoming out at around $0.5243 before recovering slightly to the $0.5358 level by the end of the session.

Key Statistics:

• Current price: $0.5358 (down 3.05% in 24 hours)
• Market Cap: $3.99 billion (down 2.95%)
• Trading volume (24 hours): $93.51 million (up 5.92%)
• Total supply: 100 billion PI
• Current circulation: 7.45 billion PI

Community Sentiment:

• A total of 88% of users showed bullish (positive) sentiment
• Only 12% showed bearish (negative) sentiment

The price chart shows high volatility, reflecting active buying and selling in the market. This price drop could be triggered by profit-taking, global market pressures, or other technical factors. Despite the price decline, trading volume has increased, indicating that market interest in Pi is still quite high.

Also read: Top 5 Altcoins that Surged Silently This Month

The Main Cause of PI Price Decline: Migration Chaos

Ahead of the major Pi2Day update scheduled to take place on June 28, 2025, the Pi network was faced with various serious technical issues. Many users complained about the failure of the KYC verification process, which left them unable to migrate their wallets to the main network.

In addition, disruptions to the two-factor authentication system and the sudden loss of balances also eroded community confidence. As a result of this chaos, a wave of sell-offs began. More than 345 million PI tokens were moved to exchanges throughout June, an increase of about 30% since March, signaling increased selling pressure due to panic.

PI Supply Explosion

Beyond technical factors, pressure is also coming from the tokenomics side. This June alone, a $215 million token unlock is scheduled, adding to the circulating supply in the market. As of mid-June, the number of tokens in circulation stood at 7.46 billion PI, up 6% from the previous month.

Also read: Spike in PI Supply on the Exchange Amidst Plummeting Trading Volume: What Does It Mean?

Big wallets or whales have also contributed to this pressure, moving around 290 million PI worth $150 million to exchanges since March. With a volume/market cap ratio of just 2.37%, the PI market is illiquid, so any surge in supply could easily push prices down.

Conclusion

PI’s current price drop is a reflection of a combination of negative factors, ranging from migration chaos, huge token supply pressure, to weak technical structure. The $0.52-$0.55 price zone is now an important support area that must be maintained to avoid a deeper decline.

The question now is, will the Pi2Day upgrade be able to resolve the technical issues and restore market confidence, or will the pressure of continued token unlocks continue to push PI prices lower?

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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:

• Coinmarketcap
• Cryptonews