Key Insights:
- Pi Network is a Gold Sponsor in TOKEN2049, which have sparked discussions over its impact on Pi Coin in the market.
- Pioneers expect a short-term rally, citing past pre-event price spikes.
- Pi’s rising exchange supply and ongoing token unlocks threaten any sustainable price recovery.
Pi Network’s native token, PI coin, trades around $0.346 as of early September 2025. The price is down about 46% over the past three months and roughly 88% below its February 26, 2025, all-time high of $2.99.
In late August, PI coin hit a recent low near $0.331. Against this backdrop of decline, Pi’s co-founder, Dr. Chengdiao Fan, will speak at Singapore’s TOKEN2049 conference (Oct 1–2), and Pi Network is a Gold Sponsor.
Community members hope this high-profile appearance will spark a short-term rally. One X (Twitter) user told followers to “buy on dips! … as usual, there will be a short-term surge” around the event.
The Pi Network’s official X announcement of Fan’s TOKEN2049 talk drew ~11,000 likes, indicating strong interest.
Singapore Conference Sparks Short-Term Pi Coin Price Hopes
Pi Network confirmed on Sept. 8 that Dr. Fan will speak at TOKEN2049 and that the project is a Gold Sponsor. TOKEN2049 (Oct 1–2 in Singapore) is one of Asia’s largest crypto conferences.
In its official blog, the Pi Core Team said Fan will focus on “real-world utility” and Web3 challenges. The announcement immediately revived optimism.
On the Pi coin outlook, one Pioneer (Pi user) said: “My expectations? … update on the Pi Network roadmap.” Another predicted a rally “in the 15 days leading up to TOKEN2049”, reflecting patterns seen in past events.
Meanwhile, Pi coin price is approaching resistance at $0.34, and a sustained break above that level could trigger a major price rally.
Technical indicators (e.g., Bollinger Bands) are neutral to bullish, so breaking above $0.35 could drive PI toward $0.40. In sum, the event has created short-term bullish sentiment: many in the Pi community expect a pullback in the ongoing decline.
PI Coin Price Analysis
As of September 9, 2025, Pi Network’s market capitalization stood at around $2.78 billion. Circulating supply was roughly 8.04 billion PI out of a 100 billion max (fully diluted).
The 24-hour trading volume was around $32–33 million. Pi trades on multiple exchanges. Past conference appearances have had a predictable effect on PI price.
In May 2025, Pi co-founder Nicolas Kokkalis spoke at the Consensus conference. That announcement coincided with a price rally in the days leading up to Consensus, but PI fell sharply afterward – a classic “sell the news” scenario.
This history tempers current expectations. Analysts caution that any TOKEN2049 pop may be short-lived unless Pi delivers concrete progress.
For now, the rally signs are modest: CoinGecko data show Pi Coin up only 0.1% in the past 24 hours, versus a 19.2% decline over the last 30 days.
One critical tweet observed that “testnet usage is almost nonexistent,” and exchange liquidity is dropping. Such feedback underscores that without new fundamentals, any price bump may fade.
Exchange Supply and Token Unlock Risks
Beyond event hype, Pi Coin faces mounting supply-side headwinds. On-chain data show hundreds of millions of PI tokens being released and moved to exchanges.
Crypto analytics firm PiScan (cited by media) reports that July 2025 unlocked ~269 million PI, August 132 million PI, and September 115 million PI.
Pi coin plans to release 116 million tokens in September 2025 (roughly $33M worth) and a total of 400M over Sept–Dec 2025. These unlocks represent a significant new supply entering the market each month.
At the same time, exchange balances are surging. Over 370 million Pi Coin are now held on exchanges as of July 2025. This is a 40% jump in four months, signaling rising sell-side pressure.
On X, crypto analysts warned that growing exchange reserves pose “serious danger” to PI’s price. In one tweet, a Pi analytics account noted “370 MILLION PI tokens just hit exchanges in July… a 40% surge.”
PI Network Breakout or Breakdown?
Pi Coin remains in a technical downtrend. Breaking above the near-term resistance ($0.34–0.35) could trigger a rally to $0.40, but sustaining a breakout will be challenging.
The conference hype is likely to increase volatility in late September–early October, as seen in past cycles. However, long-term recovery hinges on more than publicity.
As one analyst summarized, “the lasting impact will depend on the network’s ability to deliver real progress beyond the conference.”
In short, TOKEN2049 may prompt a brief rally, but without fundamental catalysts, Pi Coin could quickly resume its decline under the weight of new unlocks and exchange selling pressure.