Amid rising uncertainty, the Pi Network ecosystem is grappling with concerns over its .pi domain auction, which is significantly impacting the value of its native token, Pi. Following a drop in market price, analysts are predicting a potential decline further below the current trading range.
Pi Token Price Drops Amid Community Concerns
The value of the Pi token has plummeted by 60% in recent weeks, alarming both users and investors. After a temporary surge to $1.50 in April, the token is now fluctuating around $0.60. This decline has rekindled speculation regarding the network’s long-term viability and the immediate future of the token’s price.
Despite the Pi Core team’s launch of a dedicated app for the .pi domain auction, expectations for ecosystem improvement remain unfulfilled. Critics argue that while new features have been introduced, they fail to address deeper issues such as KYC delays and limited enterprise adoption.
The .pi Domains Auction continues to see strong engagement across the Pi ecosystem. Recent updates include a new statistics page showing domains with the most bids, highest prices, and recent trending bids. https://t.co/yD13KYexu7
The Auction is also now a Pi app instead of being…
— Pi Network (@PiCoreTeam) June 15, 2025
The introduction of the auction was designed to enhance utility and expand digital participation. However, users are voicing frustrations over a lack of meaningful engagement, recent listings, application integrations, and smart contract features, stirring skepticism ahead of the upcoming Pi2Day event on June 28.
Concerns Grow Over Bulk Token Unlocking and Security
Transaction volumes for Pi have surged by 60% over the last 24 hours, yet this uptrend does not indicate bullish sentiment. Centralized exchanges have recorded significant inflow, typically a precursor to seller preparation. Gate.io is leading with over 1.3 million PI tokens deposited, followed by OKX and Bitget. This trend raises concerns of a potential coordinated sell-off, pressuring an already fragile support level.
Additionally, approximately 11 million PI tokens are being unlocked daily, which exacerbates oversupply issues. With demand stagnating, this unlocking schedule casts doubt on the token’s short-term price stability.
Amid these distribution challenges, security concerns have further dampened market sentiment. Reports surfaced of PiChain Global experiencing a password leak, prompting urgent recommendations for users to secure their accounts.
We’ve received reports of leaked Pi account passwords, which may allow unauthorized access to your Pi Browser and lead to asset theft. To secure your PCM account, please bind your email by following these steps: …
— PiChain Global (@pichainmall) June 16, 2025
This incident, although isolated, underlines widespread concerns about the platform’s ability to handle widespread public adoption and has incited calls for enhanced security measures and improved identity verification processes. Although the Pi Core team has acted promptly to address these recommendations, the blow to user trust may take substantial time to mend.
Future Outlook for Pi Coin Dependent on Clear Utility
Technically, Pi coin is currently consolidating between $0.57 and $0.60, but analysts are warning that support at this level is under significant threat. While some indicators suggest a possible rebound towards $0.67, the overall momentum continues to be bearish. In the absence of a robust catalyst, such as a surprise stock listing or substantial announcement at Pi2Day, most signals indicate a continuation of lateral or downward movement.
The MACD is nearing a bearish crossover, and the resistance at $0.66 has proven to be strong. As the Pi Network strives to rekindle community engagement, investors are keeping a close watch for tangible signs of growth. Unless the ecosystem delivers on its long-promised functionalities and utility, the future for the Pi token may remain dim.
At present, market sentiment remains cautious, overshadowed by unresolved issues and a growing disillusionment among its user base.
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