Pi Network Price Today May 20, 2025: Pi Price Decreases Even Though Bitcoin Surpasses Its Peak
Pi Network price today 5/20/2025 decreased by 3.3% compared to yesterday, currently at 0.7146 USD. PI price decreased despite Bitcoin surpassing the peak
Pi Network Price Today May 20, 2025
Pi price on OKX exchange on May 20, 2025 is fluctuating around the price from 0.7051 USD to 0.7559 USD (equivalent to 18,290 VND to 19,590 VND). Thus, at the time of writing, Pi price on OKX exchange decreased by 3.3% compared to yesterday, reaching 18,540 VND
After skyrocketing 150% to $1.50 ahead of the Consensus event, Pi Coin has quickly lost more than 6% of its value, currently trading around $0.74.
The reason came from the fact that investors' high expectations for an important announcement on May 14 did not come true. When no outstanding information was given, Pi's upward momentum quickly reversed.
Part of the initial hype came from the announcement of the $100 million Pi Network Ventures fund, which supports decentralized applications (DApps). However, when the development team announced that the fund could be suspended or canceled at any time, trust in the community dropped significantly. This raised many doubts about the transparency and long-term commitment of Pi Network.
According to Dr. Altcoin expert, the biggest problem lies in the lack of clear communication and repeated delays from the development team.
He believes that if Pi does not quickly prove its real value, it could become nothing more than a "memecoin."
Still, he appreciates the project's long-term potential, but warns that development could take between 2.5 and 5 years, much slower than the community initially expected.
PI price drops despite Bitcoin surpassing peak
At the same time as Pi's price plunged, the broader cryptocurrency market also saw a strong correction, despite Bitcoin (BTC) briefly surpassing the $107,000 mark. Although this was a new high, many altcoins simultaneously fell in price and market sentiment turned cautious.
The main reason was the wave of profit-taking that appeared right after Bitcoin peaked. Many investors rushed to sell to realize profits, causing the BTC price to quickly drop back to around the threshold of 103,000 USD. This development also dragged other cryptocurrencies down, creating a ripple effect across the market.
In addition, investors are closely watching the upcoming US inflation data. If inflation rises, the Federal Reserve (Fed) may have to maintain high interest rates for longer or may not be able to cut them as expected.
This reduces the appeal of risky assets like cryptocurrencies in the short term. In that context, many investors have chosen to stay on the sidelines, making the market less active.
