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Key Takeaways:
- Pi Coin is down over 17% this month, pressured by a 10.8M token unlock.
- Despite this, Pi Network boasts over 65 million users and 27,000+ merchant integrations.
- Major initiatives like the $100M Pi Ventures Fund and fiat on-ramping signal long-term growth.
The broader crypto market has experienced a wave of minor rallies in recent weeks, but Pi Coin hasn’t ridden the same wave. Instead, it has seen a steady decline, dropping more than 17% in the past month to trade around $0.43. Since June, the Pi Coin price has fluctuated between $0.39 and $0.67, struggling to break out of that narrow range.
Massive Token Unlock Weighs on Price
Adding to the pressure, the Pi Network saw a major event unfold today — a massive token unlock. Around 10.8 million PI tokens were released into the market, making it the largest unlock this month. Historically, large unlocks increase token supply, which can suppress prices by overwhelming current demand. This release may have contributed to the recent downward pressure on Pi Coin.
Active Ecosystem Defies Price Decline
Despite weak price action, the Pi Network remains one of the most active and engaged projects in the crypto ecosystem. Crypto analyst Kim Wong recently highlighted the network’s extraordinary reach — over 65 million users across 200+ countries and 4.3 million followers on X (formerly Twitter), making it the third most followed crypto project globally, behind only Bitcoin and Binance.
Do I think Pi Network is successful? Heck,yes! Check out the facts:
— Kim H Wong (@Time_and_Trade) July 28, 2025
1. Over 65 million users in 200 countries around the world.
2. 4.34 million X followers, ranked 3rd among top 10 cryptos right afrer Binance's 14.7 million and Bitcoin's 7.8 million.
3. KYC verified over 18… pic.twitter.com/bolRAo6oh3
This level of adoption is rare, particularly for a project that hasn’t yet launched on major centralized exchanges.
Strong KYC Metrics and Wallet Growth
A notable sign of traction is the project’s user onboarding: more than 18 million people have completed KYC verification, and over 13 million have moved their tokens to personal wallets. Despite not being fully tradable on top-tier platforms, Pi Coin ranks 34th in global market cap, underlining investor interest.
On the infrastructure side, Pi Network currently supports over 400,000 active nodes across its testnets and mainnet — a strong indicator of decentralization and scalability.
The Pi ecosystem is also pushing forward on the utility front. The newly announced $100 million Pi Ventures Fund aims to accelerate the growth of Pi-powered startups. Other notable launches include the Pi App Studio, the blockchain-based FruityPi game, and Pi Domains.
Also Read: Pi Network Isn’t a Scam, Says Top Analyst
Additionally, more than 27,000 merchants across Asia, Africa, and Latin America now accept Pi Coin for goods and services. The new “Buy Pi” tab in the Pi wallet, allowing fiat-to-Pi purchases, further lowers the barrier to entry for users worldwide.
Despite its recent price decline, Pi Network’s metrics suggest a thriving ecosystem. With millions of users, real-world utility, and growing infrastructure, Pi may be significantly undervalued by the market.
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 your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
