As of August 20, 2025, according to the latest market data from Gate, the trading price of Pi Network (PI) is approximately $0.3479, having decreased by 1.35% in the past 24 hours, continuously testing the critical support level of $0.35. The current market capitalization of PI is reported at $2.7 billion, ranking 46th among global cryptocurrencies.
In-depth analysis of price trends
Pi Network experienced significant downward pressure in August. Weekly data shows that the price of PI fell by as much as 14.20%, far exceeding the overall decline of 0.10% in the cryptocurrency market during the same period and the increase of 1.50% in the Layer 1 sector.
The 24-hour trading volume across various platforms is approximately $65 million to $79 million, but there is a noticeable decrease compared to the previous period. This indicates a reduction in market participation, weak liquidity, and an increased risk of price volatility.
From a technical analysis perspective, PI is trading within a descending channel or descending triangle, indicating persistent bearish pressure and weak rebound attempts. Key resistance is located in the $0.45 - $0.49 range, while key support is in the $0.33 - $0.37 range, with $0.335 being regarded as the recent cycle low.
In terms of technical indicators, Chaikin Money Flow(CMF) has reached a monthly low, indicating an increase in capital outflows and strong bearish sentiment in the market. The Relative Strength Index (RSI) is also below neutral levels, with downward momentum remaining intact.
Token economics and market pressure
One of the biggest challenges faced by Pi Network is the supply pressure brought about by its tokenomics. Its circulating supply is approximately 7.84 billion PI tokens, with a maximum supply cap of 100 billion.
Recently, token unlocking events have put significant pressure on the market. In August, 276 million PI tokens were unlocked, accounting for 3.5% of the circulating supply, which is equivalent to 2.4 times the average daily trading volume. Historical data shows that similar unlocking events have previously triggered a sharp decline of 34%.
The continuous issuance of mobile mining and the large unlocking of tokens in July (approximately 2 million) are suppressing price momentum. The exchange inventory has reached 411 million coins, a yearly high, accumulating significant selling pressure risk.
Ecosystem Development and Catalysts
Despite the weak price performance, the Pi Network’s ecosystem is still trying to develop. The most noteworthy event is the hackathon launched on August 21, aimed at encouraging application development through the Pi App Studio, with a prize pool of 160,000 PI.
The Pi Network has also integrated TransFi, which is a fiat channel verified through KYB, allowing pioneers to directly purchase and convert PI through their wallets. This integration is expected to improve the utility and adoption rate of PI.
On the other hand, the relationship between Pi Network and mainstream exchanges has also attracted much attention. There were widespread rumors in the community that Binance might list PI on August 15, but that date has passed without realization. Analysts pointed out that both Binance and the Pi Core Team are not yet ready to take this step, as the team is currently focused on refining the blockchain and conducting stress tests.
Future Price Predictions and Scenario Analysis
Based on the current market conditions and technical analysis, there are various possibilities for the price outlook of Pi Network:
- Conservative scenario: Price range is $0.4 - $1.5. This scenario assumes that early users continue to sell pressure, ecological applications are scarce, and technical bottlenecks (such as TPS only at 50,000) have not been broken.
- Neutral scenario: Price target $3.78. This scenario assumes that PI successfully lists on mainstream exchanges such as Binance or Coinbase, activating the trading demand of 45 million users.
- Optimistic scenario: price target $620+. This scenario requires PI to achieve Visa-level 65,000 TPS, tens of millions of merchant payment implementations, and obtain global compliance licenses.
In the short term, market analysts warn that if the support range of $0.335 - $0.37 cannot hold, PI has the risk of further decline. A breakout above $0.45 could signal an important turning point.
Investor Strategy Recommendations
For investors interested in Pi Network, considering the following strategies may be more prudent:
Short-term (1-3 months) investors should closely monitor the $0.36 support level and the $0.44 breakout signal, keeping an eye on the selling pressure digestion progress after the token unlock at the end of August and the listing progress on mainstream exchanges.
Long-term (2-3 years) investors may consider that if the DeFi integration of Pi Network and cross-border payment scenarios can be realized, the price may progress towards $5 - $10. It is recommended to adopt a dollar-cost averaging strategy and plan for a holding period of about 5 years, with an allocation ratio suggested to be below 5% of total assets.
Future Outlook
The core contradiction in the current valuation of Pi Network lies in the balance between its claimed user base of 60 million and a potential supply of 100 billion. Although technical indicators have shown signs of an oversold rebound, a real breakthrough still relies on substantial progress in the ecosystem: listing on mainstream exchanges, improvements in mainnet performance, and the application of merchants.
Investors should be wary of potential downside risks in September’s market, using $0.38 as a flexible boundary for long and short positions.
