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Key Takeaways:
- Pi’s price fell 84% post-mainnet, dropping from $2.80 to $0.41.
- Achieving a $10 price would require an unlikely $74B market cap.
- Regulatory risk and mass sell pressure pose major threats.
After years of anticipation, Pi Network launched its open mainnet on February 20, 2025, sparking hopes of a long-awaited price surge. Millions of users, who had tapped a button daily for years, were banking on a $10 Pi (PI) token. But the excitement didn’t last. Within months, the price nosedived—plunging from $2.80 to just $0.41 as of August 2025, according to TradingView. An 84% drop left many questioning whether the dream was ever realistic.
Tokenomics: 100 Billion Supply and Mounting Sell Pressure
Pi’s economic model is built on a modified Stellar Consensus Protocol. Rather than traditional mining, users build “Security Circles” for transaction validation. While this low-energy system helped attract over 65 million users, it also led to a massive maximum supply of 100 billion tokens—80% of which is allocated to the community.
With over 7.4 billion coins already in circulation by early 2025, achieving a $10 price would require a $74 billion market cap—comparable to Ethereum-level valuations. That’s an unlikely feat for a project still proving its utility, especially as more coins continue unlocking and increasing sell pressure.
Centralization, KYC Concerns, and Regulatory Risk
Despite its massive user base, Pi Network remains controversial. The development team has faced criticism for tight control over network nodes and delaying core features like smart contracts. The aggressive referral system has sparked MLM comparisons, and its KYC requirements—which include ID and facial recognition—have drawn serious privacy concerns.
Also Read: Pi Network Price Prediction: Can $0.40 Support Spark a 150% Rally in August?
Worse still, regulatory scrutiny may be looming. If the SEC or other authorities classify Pi as an unregistered security, it could face major legal roadblocks just as it tries to gain traction.
Mass Adoption vs. Mass Liquidation
Pi Network’s greatest strength—its large, devoted user base—may also be its Achilles’ heel. As early users look to cash out, price suppression seems inevitable unless true utility emerges. Without robust real-world use cases and regulatory clarity, the $10 goal appears more fantasy than future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
