Updates, Mainnet Progress, and Price Speculation

Altcoins

Pi Network’s market performance in August 2025 is turning heads as its price climbs nearly 10% in the past 24 hours, crossing back above the $0.40 threshold.

This rebound follows a period of significant volatility, with the token recently hitting a multi-month low of $0.335. The recovery has been fueled by reduced token unlocks, bullish technical momentum, and continued infrastructure progress that could shape Pi’s future trajectory.

Open Mainnet Launch Sparks a New Era

The most pivotal development this year came on February 20 with the launch of Pi’s Open Mainnet. This transition marked the end of its closed ecosystem and opened the blockchain to external connectivity for the first time. The implications have been substantial:

External Connectivity: The removal of the network firewall now allows Pi to interact seamlessly with wallets, centralized exchanges, and other blockchain platforms. This could pave the way for eventual listings on top-tier exchanges like Binance and Coinbase.
dApp Ecosystem Growth: Developers now have the freedom to build and launch decentralized applications directly on the Pi blockchain. The Pi App Studio has already seen thousands of new projects, covering sectors from gaming to DeFi.
On-Chain Transactions: Since the launch, low-fee wallet-to-wallet transfers have surged, making Pi more functional for real-world use cases.
Node Expansion: More users are running public nodes, improving decentralization and overall network resilience.

This open ecosystem is a necessary step for Pi to compete with established blockchains, and it has already triggered a noticeable spike in user activity and transaction volumes.

Migration and KYC Progress – The Core Challenge

As of early August 2025, over 9 million Pioneers have migrated their tokens to the mainnet, with 19 million completing the KYC process. However, the scale of Pi’s user base has made these processes slower than many expected.

The Pi Core Team has responded with new email-based KYC verification systems and other technical upgrades to increase throughput. Still, delays remain, particularly for older accounts or users with incomplete documentation.

To counter the risk of mass sell-offs post-migration, Pi has introduced mining bonuses for token lockups, encouraging holders to commit their PI for extended periods in exchange for higher mining rates. This strategy aims to stabilize supply while fostering long-term loyalty.

Market Catalysts and Bullish Drivers

Pi’s rebound above $0.40 has been supported by several converging factors:

Reduced Token Unlocks: Average monthly unlocks have dropped to 5.6M PI, compared to 7–8M in June and July. With less new supply entering the market, sell-side pressure has eased.
Technical Breakout: On the 4-hour chart, Pi broke key resistance at $0.40, with RSI climbing from oversold territory (38) to 67. MACD has confirmed a bullish crossover, while Chaikin Money Flow turned positive for the first time this month.
Infrastructure Upgrades: The Stellar Protocol 23 integration, along with KYB-compliant fiat onramps like Banxa and TransFi, hints at a push toward real-world adoption.
Whale Accumulation: A notable wallet holding over 4.5% of the circulating supply has been strategically buying dips since April. Exchange reserves are down 20% since July, indicating reduced selling pressure.

Ongoing Risks and Bearish Headwinds

Despite these bullish signals, Pi still faces obstacles:

Listing Delays: Binance and other major exchanges have held off on listing PI due to unresolved KYB requirements and governance concerns.
Token Unlock Cycles: Migration waves can temporarily flood the market with millions of sellable tokens. August’s peak unlock days could pressure prices.
Governance Concerns: Some institutional players remain cautious due to Pi’s centralized decision-making structure.

Bullish, Bearish, and Base Scenarios

Bullish Scenario

If whale accumulation continues, Stellar Protocol 23 launches without delays, and a Binance listing materializes, Pi could retest its $0.47 Fibonacci resistance before aiming for $0.60. A short squeeze could occur if major listing news coincides with reduced circulating supply.

Base Scenario

Pi consolidates between $0.38 and $0.47, with modest upside driven by gradual KYC progress and continued ecosystem growth. Price volatility remains contained unless triggered by major news.

Bearish Scenario

Prolonged listing delays, unresolved KYC backlogs, and accelerated unlock schedules could push Pi back toward its August low of $0.33, particularly if whales reduce accumulation or exit positions.

Sentiment and Community Outlook

With a market cap of $3.13B, a price of $0.4015, and $109M in daily trading volume, Pi remains one of the largest yet most controversial projects in the crypto space. The community remains split — some see Pi as a long-term revolution in accessible blockchain, while others question whether the token can escape its inflationary supply model.

The Pi Core Team continues to warn against unofficial price data and scams, urging Pioneers to rely on verified exchanges for accurate pricing. This is especially important as Open Mainnet adoption grows and opportunistic actors seek to exploit newcomers.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Author

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-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 approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.