Price of 1 Pi Network (PI) in Indonesia Today (12/9/25)

Jakarta, Pintu News – The price of 1 Pi Network (PI) in Indonesia on December 9, 2025 has come to public attention as tensions in the project’s ecosystem rise. On the one hand, Pi Network has been hit again by allegations of massive fraud that have dragged its founders into legal action, raising serious questions about the transparency and direction of the network’s development.

On the other hand, market movements show contrasting dynamics, with the big whales that now control 390.97 million tokens continuing to accumulate despite the ongoing legal controversy. The combination of negative sentiment pressure and aggressive maneuvers from large players makes PI’s price development today all the more important to watch.

How much is 1 PI in Indonesia today?

Pi Network’s (PI) price chart over a 24-hour span shows a consistent downward trend with minor fluctuations throughout its movement. The price opened around IDR0.2236 before entering a sharp corrective phase, reflecting strong selling pressure since the beginning of the period.

The decline continued until it reached an intraday low, with price movements tending to move sideways afterwards but still in the red zone. This condition indicates that market sentiment towards PI is still weak in the short term.

Despite some minor recovery attempts, the overall trend remains bearish and is yet to show strong reversal signals. The zigzag movement seen on the chart shows the uncertainty of market participants, where every small increase is immediately followed by another correction.

By the end of the period, the price stood at around IDR0.220, reflecting a decline of around 1.5% in the last 24 hours. Overall, the chart reflects continued market pressure and a lack of significant buying impetus to lift PI prices back to previous levels.

Read also: Pi Network is Allegedly Involved in a Serious Legal Case, What Really Happened?

Allegations of Massive Fraud in Pi Network Project

The lawsuit filed against Chengdiao Fan, Nikolas Kokkalis, and their companies, Pi Community Company and Socialchain, is back in the spotlight. Harro Moen, the plaintiff, accused SocialChain and its executives of “massive fraud” through token transfers, secret sales of 2 billion tokens, and deliberate migration delays.

Moen also stated that the company and its executives had misled more than 60 million users by claiming that the network was decentralized, when in fact Pi was a centralized project managed by three validator nodes controlled by the company.

Whale Now Holds 390.97 Million Pi Tokens

Despite the ongoing legal issues, this has not stopped the biggest whale from continuing its accumulation. Data shows that the whale moved 1.62 million tokens from OKX three days ago, and another 430,536 tokens on Sunday.

The whale also moved a small amount of tokens from Gate.io, likely as a test run, indicating its plans to continue accumulating. Currently, the whale has 390.97 million tokens worth around $86 million, signaling its expectation that the price will bounce back in the coming weeks.

FAQ

What is Pi Coin (PI)?

Pi Coin (PI) is a digital token developed by Pi Network, a platform that claims to be a decentralized network but is accused of being a centralized project.

Why is the Pi Coin (PI) price dropping?

The price of Pi Coin (PI) dropped due to a lawsuit accusing the developer of fraud and secret selling of tokens, as well as a decrease in trust from the community.

Who sued Pi Network and why?

Harro Moen sued Pi Network and its executives, accusing them of massive fraud and misleading users about the decentralization of the network.

What is Pi Network’s largest whale doing in the middle of a lawsuit?

Pi Network’s largest whales continue to accumulate tokens, moving millions of tokens from exchanges such as OKX and Gate.io, indicating expectations of a price rebound.

What are the long-term predictions for the Pi Coin (PI) price?

Despite facing short-term pressure, it is possible that the Pi Coin (PI) price will rebound as it is in an accumulation phase according to the Wyckoff Theory.

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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:

• Crypto News. Pi Network Price: Top Whale Resumes Purchases, Lawsuit. Accessed on December 9, 2025
• Featured Image: Bitcoin News