Pi Network Price Today March 15, 2025: Sharp Drop After Mainnet
Pi Network price today March 15, 2025 decreased by 6.5% compared to yesterday, currently at $1.53. Pi coin will move to mainnet before 8am on March 14.
Pi Network Price Today
Pi price on OKX exchange on March 15, 2025 is fluctuating around the price from 1.47 USD to 1.72 USD (equivalent to 37,530 VND to 43,810 VND). Thus, according to the time of writing, Pi price on OKX exchange decreased by 6.5% compared to yesterday, reaching 39,030 VND
According to an expert, this price drop could be due to people who have just completed KYC selling Pi on cryptocurrency exchanges, increasing the supply in the market.
Pi Network still faces a risk of major dilution in the future. The current circulating supply is 7.1 billion Pi compared to a total supply of 100 billion. This month, more than 188 million new tokens will be issued, and by the end of the year, this number could exceed 1 billion Pi, putting further pressure on the value of the coin.
Many people lost all the Pi they had mined so far.
Many people lost all of their mined Pi due to failure to verify their identity (KYC). Others had 20-50% of their Pi deducted from their wallets because other miners in the system did not perform KYC. According to feedback from the Pi Network community, those who did not complete KYC received a notice that they lost ownership of their Pi.
Mr. HT, a miner with nearly 350 Pi, said he lost all his Pi when he failed to complete the final KYC step. The system canceled all the Pi he had accumulated over the past time because he did not meet the verification requirements.
In addition, some people also have to pay a fee to update their personal information to match their documents to complete KYC. Mr. NT lost 20% of his Pi to change his name, this Pi was deducted directly from the self-mined Pi in his account by the system.
Those who have completed KYC cannot sell Pi immediately but must wait for the system to approve one more step. This process is called “queuing to go to mainnet” in the Pi community, which means moving Pi from personal wallets to exchanges for sale. However, the approved Pi is not the entire amount but will be gradually unlocked in a certain amount based on the mining time.
