Pi Coin is struggling to hold its ground amid growing market skepticism, with the token falling to around $0.485 following a lackluster response to the recent Pi2Day event.
Despite the unveiling of Pi App Studio—an AI-powered platform for building applications without code—momentum has been largely absent.
Analysts are forecasting further losses, with predictions pointing to a drop toward the $0.40 mark by August. A major driver behind this sentiment is the scheduled release of 318 million new Pi tokens over the next month, a move that many believe could flood the market and intensify downward pressure.
Historically, the Pi2Day event has not inspired much optimism. In fact, for the third consecutive year, Pi Coin has declined shortly after the event, reinforcing a pattern of “sell-the-news” behavior.
At the same time, trading data from MEXC suggests a shift in how Pi Coin is being paired. The USD1 stablecoin—backed by World Liberty Financial and reportedly tied to interests within the Trump family—now makes up nearly half the volume of Pi/USDT trades. This growing usage of USD1 for Pi trading signals increased visibility for the stablecoin, which is only paired with a handful of other top assets like Bitcoin, Ethereum, and Solana.
Meanwhile, Pi Network is attempting to diversify its ecosystem with recent additions like the Ecosystem Directory Staking tool and its no-code development platform. But concerns over centralization persist. Data shows the vast majority of Pi Coin is concentrated in the hands of a small number of wallets.
According to BscScan, 100 addresses hold over 96% of the circulating 7.6 billion Pi tokens. When factoring in the entire supply of 100 billion tokens, just over 15,000 holders control nearly all of it—representing a staggering $48.6 billion in theoretical value at current prices. This wealth concentration could pose challenges for long-term network stability and adoption.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/pi-coin-under-pressure-again-is-a-drop-to-0-40-coming/