Pi Network price today, May 20, 2025: Pi price falls despite Bitcoin reaching a new peak.
The price of Pi Network today, May 20, 2025, is down 3.3% compared to yesterday, currently at $0.7146. The price of PI is falling despite Bitcoin reaching a new peak.
Pi Network price today, May 20, 2025
The price of Pi on the OKX exchange on May 20, 2025, is fluctuating around $0.7051 to $0.7559 (equivalent to VND 18,290 to VND 19,590). As of the time of writing, the price of Pi on OKX has decreased by 3.3% compared to yesterday, reaching VND 18,540.
After surging by as much as 150% to $1.50 ahead of the Consensus event, Pi Coin quickly lost more than 6% of its value, currently trading around $0.74.
The reason stems from the fact that investors' high expectations for a major announcement on May 14th did not materialize. With no significant information released, Pi's upward momentum quickly reversed.
Part of the initial anticipation stemmed from information about the $100 million Pi Network Ventures fund, which supported decentralized applications (DApps). However, when the development team stated that the fund could be suspended or canceled at any time, trust within the community significantly diminished. This raised many doubts about the transparency and long-term commitment of Pi Network.
According to expert Dr. Altcoin, the biggest problem lies in the lack of clear communication and repeated delays from the development team.
He argued that if Pi doesn't quickly prove its true value, it could become nothing more than a "memecoin."
Nevertheless, he still appreciated the project's long-term potential, but warned that the development process could take between 2.5 and 5 years, much slower than the community's initial expectations.
PI price falls despite Bitcoin surpassing its peak.
At the same time that Pi's price plummeted, the broader cryptocurrency market also witnessed a sharp correction, despite Bitcoin (BTC) briefly surpassing $107,000. Although this was a new high, many altcoins simultaneously declined in price, and market sentiment shifted to caution.
The main reason is the wave of profit-taking that appeared right after Bitcoin peaked. Many investors rushed to sell to realize profits, causing the price of BTC to quickly fall back to around $103,000. This development also dragged down other cryptocurrencies, creating a ripple effect across the entire market.
In addition, investors are closely monitoring 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 attractiveness of risky assets like cryptocurrencies in the short term. In this context, many investors have chosen to stay on the sidelines, making the market less active.
