Pi Coin's Post-Selloff Resilience: A Strategic Case for Entry Before the Next Upcycle

The crypto market's recent volatility has tested even the most resilient projects, but Pi Coin (PI) has shown surprising technical and community-driven resilience post-selloff. After a brutal correction from late February to April 2025-where the token plummeted from $3 to $0.65-Pi has stabilized in a $0.25–$0.27 range, with on-chain metrics and sentiment shifts suggesting a potential inflection point. For investors seeking undervalued assets with long-term utility, Pi's post-selloff dynamics and upcoming Protocol v23 upgrade present a compelling case for strategic entry.

On-Chain Activity: A Quiet but Steady Rebound

Despite the sharp price drop, Pi's ecosystem has remained active. By October 2025, the network reported a 42% increase in wallet addresses holding PI tokens, reflecting robust user adoption, according to a Yahoo Finance analysis. This growth is driven by the Open Mainnet's launch in February 2025, which enabled external connectivity and real-world usage, as noted in OKX's mainnet timeline. Over 13 million users completed Mainnet migration by June 2025, with ongoing efforts to streamline wallet activation through faster KYC processes, according to a CoinCentral report.

Transaction volume, while historically constrained during the enclosed mainnet phase, has shown signs of improvement. Data from Pi blockchain explorers indicates a 24-hour trading volume of $33 million in October 2025, up from under $500 million in early June, per Cointelegraph analysis. This suggests growing liquidity as the network transitions toward a more open ecosystem. Additionally, the introduction of 70+ decentralized apps (dApps) and community-driven events like PiFest have sustained engagement, as described in the OKX piece.

Sentiment Shifts: From Bearish to Cautious Optimism

Investor sentiment for Pi has been mixed. After hitting an all-time low of $0.184 in early October, the token's RSI entered the oversold zone, signaling potential for a rebound, a point highlighted by CoinCentral. However, bearish pressure persists due to a 30% increase in CEX supply (from 263 million to 346.8 million PI tokens), creating sell-side risks, according to a Cryptopolitan report.

That said, Pi's unique mobile mining model and community-driven approach have kept it in the spotlight. The Yahoo Finance analysis noted that Pi's price stabilization in the $0.25–$0.27 range has sparked renewed interest among retail investors, particularly as the Chaikin Money Flow (CMF) indicator shows positive inflows. While short-term volatility remains, the network's focus on real-world utility-such as expanding merchant adoption in 155 countries-positions it for long-term growth, per the OKX article.

Comparative Altcoin Performance: Pi's Position in the Ecosystem

To contextualize Pi's recovery potential, consider its peers:
- Solana (SOL): The high-speed blockchain has maintained a price of $217–$238 in October 2025, supported by institutional inflows and a record 100 million daily transactions, according to CoinCentral. However, its price lacks the explosive upside of newer projects.
- Remittix (RTX): This PayFi token has surged in popularity, raising $27.1 million in its presale and securing listings on BitMart and LBank, as detailed in a Blockchain Reporter piece. With a focus on cross-border payments and a deflationary model, Remittix is positioned for 25x gains in Q4 2025, the piece argues.

While Solana's infrastructure and Remittix's utility are formidable, Pi's strength lies in its massive user base and upcoming Protocol v23 upgrade. The upgrade, expected in Q4 2025, will integrate Stellar Core v23.0.1 to enhance scalability and introduce DeFi tools like a decentralized exchange (DEX) and automated market maker (AMM), as noted in the Blockchain Reporter piece. These upgrades could catalyze Pi's transition from a speculative asset to a functional blockchain with real-world adoption.

Protocol v23: The Catalyst for Price Recovery

The Protocol v23 upgrade is Pi's most critical development. By improving transaction speed and enabling DeFi tools, the upgrade aims to address liquidity issues and centralization concerns, as described in the Blockchain Reporter analysis. Developers are also testing a Rust SDK to streamline smart contract development, further positioning Pi as a scalable platform for dApps, per the Yahoo Finance analysis.

Analysts argue that the upgrade could stabilize Pi's price by increasing utility and adoption. A CoinCentral report noted that Protocol v23's integration of Stellar's technology could reduce transaction costs and attract institutional investors. However, success hinges on the Pi Core Team's ability to execute token buybacks or burns to counteract supply inflation, a risk highlighted in the Blockchain Reporter piece.

Strategic Entry Point: Buy the Dip or Wait?

For investors, Pi's post-selloff dynamics present a high-risk, high-reward opportunity. The token's current price of $0.2368 is a 90% discount from its $2.99 peak, reflecting lingering doubts about liquidity and centralization as outlined in the Blockchain Reporter piece, but also significant upside potential. However, the growing wallet adoption, Protocol v23 roadmap, and expanding ecosystem suggest that Pi is laying the groundwork for a multi-year upcycle.

A strategic entry point would involve buying dips below $0.25 while hedging against further downside. The Chaikin Money Flow's positive inflows and Pi's 42% wallet growth indicate that retail and institutional buyers are accumulating at these levels, as the Yahoo Finance analysis observed. For those with a longer time horizon, the Q4 2025 upgrade could serve as a catalyst for a $0.30–$0.50 rebound, with potential for higher gains if the network secures major exchange listings.