Pi Coin Drops 5% After Telegram Integration, Mainnet Launch

Pi Network has recently achieved significant milestones with the launch of its Open Mainnet on February 20, 2025, marking a new era of decentralization. This shift has enhanced the network's infrastructure capacity and user independence. Concurrently, Pi Coin has been integrated into Telegram’s wallet feature, allowing users to hold and buy the token directly within the app. This integration has improved accessibility and user engagement, although features like sending and receiving within Telegram are still pending.

The Pi community has been abuzz with discussions about this integration, highlighting the growing demand for Pi Coin. However, despite these positive developments, Pi Coin’s value has been under pressure, currently trading around $0.85, down from earlier peaks. This downward trend is attributed to market forces and the recent KYC cleanup, which removed unvalidated accounts and related tokens. These changes underscore Pi Network’s continuous evolution and the challenges of navigating the cryptocurrency landscape.

As of March 28, 2025, Pi Coin (PI/USDT) is trading at $0.8437, showing signs of consolidation after a steep rise. The price initially moved within an increasing channel but faced rejection at $0.89, leading to a range-bound phase between $0.82 and $0.85. The Relative Strength Index (RSI) stands at 37.89, indicating that the asset is approaching oversold levels. The Moving Average Convergence Divergence (MACD) has also shifted bearish, validating the sell pressure. An attempted breakout via a triangle formation failed, resulting in the current retracement. A return to $0.85 could set the stage for a drive to $0.89–$0.91, but falling below $0.83 could lead to further downward movement to the crucial support level of $0.80. Traders are closely monitoring whether Pi can sustain its current levels or if sellers will push the price lower in the coming sessions.

While the launch of the Open Mainnet and integration into the Telegram wallet represent significant victories, challenges remain. Amid market instability, Pi Coin’s value hovers around $0.8437. Future growth will depend on ecosystem expansion, user adoption, and regulatory simplicity. Exchange listings and real-world utility could boost Pi Coin’s value, but compliance issues and low cash flow may hinder progress. The critical question is whether Pi Network can maintain its momentum or if acceptance challenges and price fluctuations will impede its long-term success.