Pi Coin Drops 35% in 48 Hours, Rebounds... "Price Stabilization Remains Distant"
Pi Coin (PI) has plummeted over 35% in the past 48 hours, with its price falling from $0.62 to $0.40. This sharp price decline appears to stem from global financial market sell-offs due to military tensions between Israel and Iran. Subsequently, a slight rebound has occurred, with the coin currently trading around $0.59.
The current price remains significantly lower compared to its all-time high of $2.84 recorded in February. Particularly, it is less than half of its recent peak of $1.27. With such significant price fluctuations, trading volume also surged, increasing by approximately 276% on the day of the decline, reflecting investor anxiety.
Over the past month, Pi Coin has repeatedly fluctuated between $1.79 and $0.40, with a slight recovery of about 5.9% in the last 24 hours.
95% Small Holders... Ecosystem Expansion Remains a Challenge
Crypto market analyst Dr Altcoin revealed that approximately 95% of Pi Coin users hold 1,001 PI or less, pointing out that this high proportion of small holders is hindering ecosystem activation. When holdings are too small, meaningful utilization in daily transactions or services becomes difficult.
This small holding structure could negatively impact Pi Coin's practical utility and is considered a factor limiting long-term price appreciation potential.
Mass Adoption Requires Time... Outlook After 2030
Dr Altcoin projected that practical mass adoption of Pi Coin could be possible earliest after 2030. This assessment considers the current infrastructure limitations and high price volatility, suggesting that becoming a daily payment method requires a more stable ecosystem and price trajectory.
Pi Coin launched its open mainnet on February 20th, recording $0.8662 at closing and temporarily surging, but subsequently entered a steep correction phase. Amid overall cryptocurrency market weakness, it has failed to recover upward momentum and continues to exhibit high volatility.
Market Indicators and Current Situation
As of June 14th, 2025, Pi Coin's market capitalization is approximately $4.4 billion, ranking 29th among cryptocurrencies. Total issuance is 100 billion PI, with approximately 7.442 billion PI currently in circulation. The current price is around $0.59, equivalent to about 790 Korean won.
At present, Pi Coin faces various challenges including price volatility, ecosystem structural imbalances, and lack of clear utility, with assessments suggesting observation from a long-term perspective rather than short-term expectations. As of this date, no new technical updates or ecosystem partnerships have been announced, with investor interest still focused on potential price recovery and user distribution structure.
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