Pi Network heading towards IDR165,000? Here’s why the $10 target is still a “prayer” in the crypto world

Jakarta, Pintu News – Hundreds of millions of Pi Network users had hoped for extraordinary euphoria when the mainnet officially opened in February 2025. After years of “mining” via the app, the Pi community was confident of achieving a price of $10 per coin-equivalent to Rp165,180 at an exchange rate of 1 USD = Rp16,518. However, the reality of the crypto market proves that the road to that target is littered with fundamental challenges. Here’s an in-depth analysis of why the current $10 price for Pi Network (PI) is more of a hope than a real opportunity.

1. Supply Jumbo, Market Cap Must be Superfantastic

Pi Network uses a Stellar-like consensus protocol, but without any real mining-users just build a “security circle” through daily clicks. Pi’s main reward is a maximum supply of up to 100 billion coins. 80% of this is allocated to the community through daily rewards and a referral system.

As of early 2025, 7.4 billion PIs were in circulation. If the price breaks $10, the market capitalization immediately jumps to $74 billion (Rp1,222 trillion)! That’s equivalent to the market cap of the world’s top 10 cryptos like Solana (SOL) or Cardano (ADA). And this doesn’t take into account the unlocking of the next billion coins, which could add selling pressure and exacerbate value dilution.

Also Read: 5 Shocking Predictions: Pi Network (PI) Price in August 2025, Potential to Soar or Plummet?

2. Price Plummets After Mainnet, FOMO Reverses Course

Instead of immediately soaring, the price of Pi plummeted 84% after the open mainnet. Many old “miners” who got free coins chose to sell quickly in the market.

As of July 2025, the price of PI stands at around $0.41 (IDR 6,772) after falling from a peak of $2.80 (IDR 46,250). This value is a far cry from the $10 “moon” target and illustrates the huge selling pressure from early adopters looking for instant cash.

Some crypto exchanges do trade IOUs or “shadow” tokens instead of real mainnet coins-making it even harder for prices to rise organically.

3. Privacy Controversies, Regulations and Challenges

Pi Network is shrouded in various controversies ranging from transparency, feature delays, to MLM-like referral systems. Highly centralized node control, smart contract delays, and mandatory KYC (with data collection and mass face scans) are critical notes for many observers.

On the other hand, regulatory threats, especially from the US SEC that could classify PI as an unregistered security, could potentially present major legal issues for the project.

4. Community of Giants: The Power and “Burden” of PI

Pi Network does have huge community assets: over 65 million registered users globally. Programs like “PiFest” encourage real adoption in the offline world.

However, this large community is a double-edged sword. Many early adopters are sitting on a pile of free coins and are very tempted to sell as soon as the opportunity arises. As long as selling pressure outweighs buying interest and real utility hasn’t been established, prices will struggle to climb high.

5. When can $10 be Achieved? Reality & Expectations

In order for PI to break $10, it will require overwhelming market demand, near-perfect development execution, and lucky momentum. The project needs to prove itself as a truly useful ecosystem, not just a “click-and-coin” app.

Until that happens, the $10 target is more like a prayer than a rational analysis. Users should be wary of FOMO and always be aware of the high risks of the crypto market.

Also Read: 7 Facts How Ethereum Changed the World of Crypto & Cryptocurrency Over 10 Years!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMBCrypto. Will Pi Network hit $10 on the price charts? Accessed August 1, 2025.