Pi Network (PI) Price in Indonesia Today – October 24, 2025

Jakarta, Pintu News – The price of Pi Network (PI) in Indonesia today, October 24, 2025, was recorded at around Rp3,386 or approximately $0.2037, showing a slight increase in the last 24 hours.

A Pi community expert, Mr. Spock, claims that the Pi Network team is behind the selling pressure on PI tokens. This statement comes as reports suggest that the team recently released over 1.2 million PI tokens into the market.

How much is 1 PI in Indonesia today?

On October 24, 2025, the Pi Network (PI) price showed a daily gain of 1.7%. 1 Pi Network in Indonesia today is trading at $0.2037 or equivalent to Rp3,386 ($1 = Rp16,625). In the past 24 hours, the PI price moved in a narrow range between $0.1997 to $0.2052, reflecting mild but consistent buying pressure.

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Pi Network’s market capitalization stood at approximately $1.69 billion, while its fully diluted valuation stood at over $2.59 billion. Daily trading volume hovered around $14.86 million, indicating relatively stable market activity in the short term.

Expert Claims: Pi Network Core Team Allegedly Causing Price Pressure

In a recent post on the X platform, crypto expert Mr. Spock indicated that Pi Network’s core team is likely the source of the selling pressure that has recently affected the token’s price.

He suspects that project developers may be selling tokens to raise funds, given that Pi currently has no real functional product or utility that can generate sustainable revenue.

“I have said many times that our core team is selling Pi, because they have no other source of income,” Spock wrote. He emphasized that the only way for the team to gain liquidity is by selling their own tokens.

This statement comes after a Pioneer flagged the sale of 1.2 million PI tokens. He called the incident “bad” and called on the project to focus on real utility, on-chain transparency, and decentralization.

Some community members also supported the accusation. One commenter stated that only the core team had a large enough volume of PI tokens to drop the price from $3 to $0.20. They also added that no Pioneer holds enough tokens to cause such a large drop.

Interestingly, this is not the first time the Pi team has faced similar allegations. Former Pi executive McPhilip once accused the team of misusing $20 million in project funds. Court documents from 2020 reveal that Pi Network’s long-term growth and public credibility were allegedly compromised by internal conflicts and divisions in management.

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Despite the criticism, some Pioneers argue that the token sale in question could be related to legitimate project funding needs. For example, testnet is currently being used to test the Pi Network Protocol 23 upgrade. Experts think that the need for additional liquidity may come from such development costs.

Pi Coin price continues to fall despite project progress

In the past month, Pi Coin’s price has recorded a drop of almost 30%, extending a downward trend that has erased more than 90% of its value since its peak.

Crypto expert Mr. Spock even called Pi Network a rug pull project, and warned that many Pioneers have yet to realize the magnitude of the losses incurred and the increasingly unclear direction of the project.

This price drop comes despite the Pi Network ecosystem experiencing some recent developments. One of them is the addition of decentralized exchange (DEX) and automated market maker (AMM) features to their testnet, which aims to help developers create new tokens on the network.

Not only that, but the report also mentions that SPi – a potential stablecoin powered by Pi – is currently being tested on the testnet. This hints at a possible future launch of a stablecoin pegged to the US dollar.

However, so far, these technical updates have not been able to lift the price of Pi Coin, which continues to be pressured by negative sentiment and community doubts about the direction of the project’s development.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Expert Flags Pi Network Team as Source of Selling Pressure After Reported 1.2M Pi Dump. Accessed on October 24, 2025