Pi Price Rebounds 25% Amid Mainnet Launch and Reduced Token Unlocks

Pi Network’s 2025 developments have been marked by significant progress toward its open ecosystem and price recovery, despite lingering challenges. The launch of the Open Mainnet in February 2025 was a milestone, transitioning Pi from a closed network to an open blockchain capable of external interactions. This shift has enabled seamless connectivity with wallets, exchanges, and other platforms, fostering growth in its decentralized application (dApp) ecosystem and enabling low-fee on-chain transactions. The expansion of public node operations has also enhanced network resilience and decentralization [1].

The migration to the mainnet and Know Your Customer (KYC) verification have progressed steadily, with over 9 million users having moved their tokens and 19 million completing the KYC process by early August 2025. However, the large user base has slowed the process, prompting the Pi Core Team to implement email-based verification and technical improvements to increase throughput. Migration delays, particularly for older accounts and those with incomplete documentation, remain a challenge. To mitigate the risk of post-migration sell-offs, Pi introduced mining bonuses for token lockups, encouraging long-term holding and stabilizing supply [1].

Market conditions have shown signs of recovery, with Pi’s price rebounding above $0.40. Key drivers include reduced token unlocks—averaging 5.6 million per month in August compared to 7–8 million earlier in the year—and improved technical indicators. The RSI on the 4-hour chart climbed from 38 to 67, while MACD confirmed a bullish crossover and Chaikin Money Flow turned positive. Integration of the Stellar Protocol 23 and the addition of KYB-compliant fiat onramps like Banxa and TransFi have further signaled Pi’s move toward real-world utility [1].

Whale activity has also contributed to the positive momentum, with a single wallet accumulating over 4.5% of the circulating supply since April. Exchange reserves have declined by 20% since July, suggesting reduced selling pressure. However, risks remain, including delayed listings on major exchanges like Binance, ongoing KYC backlogs, and governance concerns tied to Pi’s centralized decision-making structure [1].

Analysts have outlined three potential scenarios. In a bullish case, continued whale accumulation, timely Stellar Protocol 23 deployment, and a Binance listing could see Pi retest $0.47 Fibonacci levels and potentially reach $0.60. A base-case scenario suggests consolidation between $0.38 and $0.47, driven by gradual KYC progress and ecosystem expansion. A bearish outcome, however, could see Pi fall back toward $0.33 if listings are delayed, unlock cycles accelerate, or whales reduce their accumulation [1].

With a market capitalization of $3.13 billion, a price of $0.4015, and $109 million in daily trading volume, Pi remains a polarizing figure in the cryptocurrency space. The community is divided, with some viewing it as a potential game-changer in accessible blockchain technology and others skeptical about its inflationary supply model. The Pi Core Team has repeatedly warned users to be cautious of scams and to rely only on verified exchanges for pricing and transactions [1].

Source:

[1] Pi Network in 2025: Updates, Mainnet Progress, and Price Speculation (https://coinmarketcap.com/community/articles/6897163ab63c293894f6818a/)