Pi Network Price Climbs 4% Today: Is Coin Liquidation Sparking a Domino Effect?

Jakarta, Pintu News – Pi Network token experienced a massive sell-off this week, with its value plummeting by almost half in just a matter of hours. Analysts think the decline was triggered by a combination of structural weaknesses, liquidation from leveraged trading, and shaky community confidence.

Then, how is Pi Network’s current price movement?

Pi Network Price Rises 4.1% in 24 Hours

On September 24, 2025, the price of Pi Network was recorded at $0.2867, having risen 4.1% in 24 hours. If converted to the current rupiah ($1 = IDR 16,688), then 1 Pi Network is IDR 4,784.

Read also: XRP Price Forecast: Analyst Says the Token Is Entering the Early Stages of a Sudden Breakout

In a 24-hour span, the price of PI moved between $0.2676 to $0.289, showing reasonable volatility for a crypto asset. The market capitalization stood at $2.34 billion, while the fully diluted valuation stood at $3.61 billion.

Trading volume in the last 24 hours reached $88.21 million, signaling fairly active transaction activity in the market.

Pi Network Liquidation Triggers Domino Effect

According to Pi Network Update, the Pi price crash was triggered by the liquidation of leveraged futures contracts which then triggered a wave of forced selling.

The initial sell-off likely involved only thousands of PI coins on one small exchange. However, the thin liquidity was enough to plunge the market into free fall.

“Crash Pi on the 1-minute chart. Not just one cause. The liquidation of leveraged futures contracts triggered a wave of selling. The initial drop may just be because thousands of Pi were sold on a small exchange. Until the system completely filters out OG miners and billions of Pi that have not been migrated, the long-term trend is still downward,” the network wrote.

As of September 23, 2025, the price of the PI coin stands at $0.2751, down more than 5% in the last 24 hours.

The comments highlight an issue that continues to loom over Pi Coin: there is still a large supply of tokens that are locked or have not been migrated. This supply pressure continues to weigh on market sentiment, making the project more vulnerable to sudden price shocks.

Some analysts also compare Pi to Bitcoin. Jatin Gupta, a pioneer and developer, said the price of Pi tends to follow Bitcoin’s corrections. However, Gupta cautioned that Pi’s decline is usually much sharper.

“What exactly happened to Pi? I understand Bitcoin can correct and go down, but when following Bitcoin’s movement, Pi can fall to $0.18!!! That’s terrible,” wrote Gupta.

This statement reflects a growing concern among traders that Pi doesn’t yet have the resilience of more established crypto assets, so it often falls faster and deeper when markets weaken.

Read also: Crypto Whales Reel as Panic Selling Leads to Heavy Losses in September’s Market Turmoil

Pi Network Founder Makes First Appearance, but Fails to Convince Pioneers

Ironically, Pi’s price crash happened on the same day that the two founders of Pi Network made their first public appearance at a community event in Seoul.

Although some participants greeted the event with optimism, the moment failed to give a positive boost to the token price.

Critics like Mr. Spock highlight a more fundamental issue, which is the gap between Pi’s community narrative and its trading activities.

“This is the reason why Pi Network failed. It’s a community-based project, but the community itself doesn’t believe that Pi on the exchange is real. That’s why Pi can fall to zero. The majority of the Pi community did not buy Pi, and that is why I no longer promote Pi Network as I used to,” wrote Mr. Spock.

This incident emphasizes the fragile position of Pi Network. Despite having an active community and now more publicly visible leadership, the token remains vulnerable to thin liquidity, speculative trading, and doubts about real adoption.

The main challenge for miners and long holders is whether Pi can transform from hype into something of real value. Based on sentiment on social media, the market is giving it a pretty harsh judgment.

Until the network is able to address the structural issues, the long-term trend of Pi is expected to remain on a downward slope. Even so, investors are still advised to do their own research before making a decision.

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:

• BeInCrypto. Why Pi Network Crashed: Leverage, Liquidity, and Lost Community Trust. Accessed on September 24, 2025