Pi Network Price Rises as User Base Hits 12 Million, but Pi Coin Still Struggles to Cross $1

Jakarta, Pintu News – Pi Network has successfully migrated more than 12 million users to the mainnet, with a current circulating supply of 8.04 billion PIs. This figure is still under 10% of the total maximum supply of 100 billion PI.

However, despite these achievements, one analyst highlighted the ongoing risk of structural inflation of the Pi Network. This is what he believes makes it difficult for the Pi price to reach $1, even though the ecosystem continues to grow.

Pi Network Price Rises 0.3% within 24 Hours

On September 11, 2025, the price of Pi Network was recorded at $0.3454, a slight increase of 0.3%. If converted into today’s rupiah ($1 = IDR 16,476), then 1 Pi Network is IDR 5,691.

In the daily trading period, the PI price moved in the range of $0.3431 – $0.3462.

Read also: Whales and Smart Money Target 3 Made-in-USA Cryptos for Accumulation

In terms of fundamentals, Pi Network’s market capitalization now stands at $2.77 billion, while its fully diluted valuation (FDV) stands at $4.27 billion. Trading activity is also quite active with 24-hour volume reaching $24.94 million.

Why is Pi still struggling to reach $1?

In a post on X, crypto expert Kosasi Nakamoto explained that the price of Pi (PI) has dropped 17% in the last 30 days due to the acceleration of the migration process. Furthermore, in a 90-day period, the Pi price plummeted 45% as it failed to differentiate itself from the risks faced by its competitors.

The network has actually launched a number of new projects, including a Protocol 23 update that brings Linux-based nodes, decentralized KYC, and increased scalability.

In addition, Pi also introduced the PiOnline gaming/DeFi ecosystem to drive adoption rates. However, the presence of low-cost remittance projects like Remittix put pressure on Pi’s valuation.

Remittix managed to attract investors’ attention with a remittance fee of only 0.1%, backed by real utility, institutional support, and a clearer roadmap.

Nakamoto wrote: “Competitors like Remittix with cheap remittance solutions are suppressing Pi’s speculative valuation.”

Read also: Analyst Michael Poppe Predicts Altcoins Could Outshine Bitcoin by Q4

Upcoming Token Unlock Adds to Selling Pressure

Since May, one crypto whale has accumulated more than 331 million Pi, equivalent to about $113 million based on current prices. According to Nakamoto, this accumulation briefly stabilized the Pi price, but was held back by scheduled token unlocks and rising reserves on exchanges, which only magnified selling pressure.

Pi balances on exchanges reportedly surged 82% to over 400 million PI, while September’s unlock of 149.5 million PI could also potentially add to selling pressure. On the other hand, Pi’s turnover ratio of only 0.98% signifies thin liquidity, making prices vulnerable to volatility due to large transactions.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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: 12 Million Users Onboarded, But $1 Target Still Distant. Accessed on September 11, 2025