How Much Will 1 Pi Network (PI) Cost (2/28/25)?

Jakarta, Pintu News—Pi Network (PI) is back in the spotlight after its token price experienced a significant spike despite accusations of being a Ponzi scheme.

In recent days, the price of PI has reached its highest levels, sparking a debate in the crypto community regarding the validity of this project. On the one hand, some have accused Pi Network of having no intrinsic value. At the same time, the development team has vehemently denied the accusations and emphasized that the project is built on solid foundations.

Then, with all the controversy going on, how much is 1 PI in rupiah today, February 28, 2025? Check out the review below!

1 Pi Network (PI) How much is Rupiah?

Pi Network (PI) has experienced price fluctuations again in the last 24 hours. According to the latest data from CoinMarketCap (CMC), as of Friday, February 28, 2025, the PI price fell 10.46%. Currently, the price of 1 PI is $2.55.

Then, how much is the price of 1 PI? As of February 28, 2025, the exchange rate of 1 USD shows at 16,523 IDR. So, the price of 1 PI = 2.55 x 16,523 = 42,135 IDR.

Read also: Plummeting 10.46%, How Much is 1 Pi Network (PI) to Dollar Today (2/28/25)?

Pi Network Accused of Ponzi Scheme

Despite rapid growth, the Pi Network (PI) project is still controversial. Some crypto experts and industry players have questioned its transparency and resemblance to a Ponzi scheme.

The main criticism came from Bybit CEO Ben Zhou, who referred to a Chinese police report called Pi Network a fraudulent project targeting elderly users by collecting their data and causing financial losses.

Moonrock Capital CEO Simon Dedic has also voiced his doubts about PI’s legitimacy. In a social media post, Dedic questioned Pi Network’s valuation of $26 billion and the 60% percentage of tokens in circulation.

According to him, Pi only built a user base by offering “free money” and relying on word-of-mouth marketing strategies.

Read also: Bitcoin Price Hovering at Rp1.3 Billion Today (2/28/25): Will BTC Correct to IDR1.2 Billion or Recover?

Pi Network denies fraud allegations

In response to various allegations, the Pi Network development team reiterated that it is not a fraudulent project. On February 22, 2025, it issued an official statement denying any involvement with those using the Pi Network name for illegal practices.

Pi Network explained that the Chinese police did issue a warning regarding bad actors unlawfully acting on behalf of Pi Network. However, they emphasized that their project has no relationship with such individuals or groups and has never been summoned by the relevant authorities.

The development team also emphasized that Pi Network has been developed over the past six years and now has over 60 million active users. They claim their cautious and gradual approach aims to create a stable launch and build a community before their blockchain ecosystem fully matures.

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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:

• Cryptoslate. Pi Network token soars to new ATH amid fraud allegations and market skepticism. Accessed February 28, 2025
• Featured Image: Sify