Pi Network Price Falls on October 6 — Can Its New DeFi Feature Revive Pi Coin’s Momentum?

Jakarta, Pintu News – Pi Network is still facing strong selling pressure despite the general crypto market recovery and Bitcoin setting new record highs. The altcoin has not been able to keep up with the market’s bullish momentum and instead continues to decline, despite various updates and new developments being rolled out within the Pi Network ecosystem.

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

Pi Network Price Drops 2.5% within 24 Hours

On October 6, 2025, the price of Pi Network was recorded at $0.26, a decrease of 2.5% in 24 hours. If converted to the current rupiah ($1 = IDR 16,607), then 1 Pi Network is IDR 4,317.

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During the period, the price moved within a range of $0.2591 to $0.2631, showing relatively low volatility and a tendency to stagnate at the lower support level.

Pi Network’s market capitalization stands at approximately $2.14 billion, with a fully diluted valuation of $3.29 billion. The last 24 hours’ trading volume amounted to $25.17 million, signaling moderate market activity but not yet a significant spike.

Pi Coin Drops 24% as Bitcoin Sets New Record Highs

As of October 5, Pi Coin’s price stood at around $0.26, reflecting a 24% drop in the past month, according to data from BeInCrypto. This decline highlights the widening gap between Pi’s performance and other major crypto assets.

While most altcoins rallied along with Bitcoin, Pi moved in the opposite direction. This suggests that Pi’s price decline is more influenced by internal network factors, rather than general market sentiment.

One of the main factors is the surge in the number of Pi tokens stored on the centralized exchange (CEX). Data from Piscan notes that reserves on the exchange have now surpassed 445 million PI, up from around 420 million in early September.

This sharp rise indicates that more Pi holders are moving their tokens to trading platforms-usually the first sign of increased selling activity.

Adding to the pressure, more than 110 million PI tokens are scheduled to be released in October as part of the network’sunlock schedule. The combination of increased token supply and high exchange reserves has the potential to depress prices further, limiting chances of a recovery in the near term.

New DeFi Tools on Pi Network

Although the short-term sentiment towards Pi Coin is still likely to be bearish, Pi Network is showing real progress in the development of its roadmap.

The development team recently launched a variety of new testnet features, including a decentralized exchange (DEX) and automated market maker (AMM) that integrate directly with Pi Wallet.

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These features allow users to try out various DeFi mechanisms such as token swaps, liquidity pools, and automated trading systems in a safe test environment, without assuming risk to assets on the mainnet.

According to the development team, the main goal of this launch is to prepare users for the transition to the mainnet. With this feature in place, users can conduct peer-to-peer trades directly from the wallet, giving them greater control over their assets.

This move is also in line with Pi’s efforts to reduce reliance on centralized exchanges (CEXs), which have often been a point of vulnerability in the crypto industry. In addition to DEX, Pi Network also introduced token generation capabilities on its testnet.

This update allows developers to issue tokens, build apps, and launch marketplaces directly within the Pi ecosystem-similar to how the ERC-20 framework on Ethereum fueled the network’s early growth.

Pioneers (as the Pi community is known) are optimistic that these innovations could be a turning point in Pi Network’s ecosystem strategy. They think the project’s focus on infrastructure, decentralization, and developer participation reflects an ambition to create sustainable value, not just price speculation.

As such, the long-term success of Pi (PI) will likely be determined not by short-term price movements, but rather by the extent to which these innovations can be turned into real and sustainable utility.

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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:

• BeInCrypto. Pi Network: DeFi Features & Price Impact. Accessed on October 6, 2025