Price of 1 Pi Network (PI) in Indonesia Today (3/13/25)

Jakarta, Pintu News—Pi Network (PI) continues to be the talk of the crypto community, especially after a recent price spike. However, behind this rise, concerns have been raised regarding the project’s decentralization.

The core team controls the majority of Pi Coin’s supply, with 82% of the 100 billion PI stored in their wallets. This begs the question: Does the price spike reflect healthy adoption, or is it influenced by the development team’s tight control?

How much is 1 PI in Indonesia today?

On the Pi Network (PI) cryptocurrency price chart displayed on CoinMarketCap, the PI price is currently at $1.73, having gained 22.43% in the last 24 hours.

Price Movement Analysis

• The price was as low as $1.44 in the last 24 hours before spiking to $1.79.
• The chart shows a fairly significant upward trend since the beginning of the day, with some minor corrections but still maintaining a bullish trend.
• Trading volume in the last 24 hours reached $960.27 million, an increase of 170.70%, signaling high market activity.
• PI’s market capitalization also rose to $12.4 billion, growing 21.74% on the day.

Market Sentiment

• Out of 385.5k community votes, 90% of traders showed bullish sentiment, while only 10% were bearish.
• This shows that most investors are still optimistic about PI price movements.

The significant price increase, supported by high trading volumes and positive sentiment from the community, signals that PI is on a bullish trend. If this momentum continues, PI prices could potentially break through new resistance above $1.80 in the near future. However, caution is still required against a possible price correction.

At an exchange rate of $1 = 16,440 IDR, the current price of 1 PI in Rupiah is:

• 1 PI = $1.73
• 1.73 × 16,440 = 28,429 IDR

Based on the current exchange rate, the price of 1 PI in Indonesia is around 28,429 IDR.

Also read: Radworks (RAD): A New Innovation in the Software Development World!

Majority of Pi Coin Supply Controlled by Core Team?

Data from PiScan shows that 62.8 billion Pi Coins are stored in six major wallets controlled by the core team. In addition, there is an additional 20 billion PI stored in nearly 10,000 wallets that are not listed, but are associated with the core team.

As such, only a small group of people control most of the token supply, which goes against the main principle of cryptocurrencies, which favors decentralization.

According to Brave New Coin, Pi Coin’s ownership distribution is very unequal compared to Bitcoin (BTC) or Ethereum (ETH). For example, Bitcoin has over 21,000 active nodes, while Ethereum operates over 6,600 nodes, which ensures that decision-making is not centralized to one particular group.

Meanwhile, Pi Network only has 43 active nodes and 3 validators, so the core team has more control of the network.

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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:

• Brave New Coin. 82.8 Billion Pi Coins Under Core Team-Is Pi Network Truly Decentralized?. Accessed March 13, 2025
• Featured Image: Blockchain Reporter