Pi Network Price Today April 21, 2025: Sharp drop, almost wiping out all previous recovery momentum

Pi Network Price Today April 21, 2025

Today, Pi Network price has dropped sharply, almost erasing all of the previous recovery from its historic low of $0.38. Currently, Pi is trading around $0.60, still about 78% lower than its peak of $3.00.

However, many experts warn that this decline may not stop. Some predict that the price of Pi may continue to plummet by another 35% to 50%. The main reason lies in the large amount of Pi tokens that are and will continue to be released into the market.

According to analyst “Dr. Altcoin”, the massive token issuance in the coming time could cause Pi price to continue to fall sharply. This month alone, more than 100 million Pi tokens are expected to be unlocked. If calculated for the whole year, the number could exceed 1.5 billion tokens. Meanwhile, buying power is still weak, leading to the risk of supply-demand imbalance.

He believes that if the Pi development team does not quickly control the speed of token issuance, the price could fall to $0.30 in the coming months. Other experts also agree, saying that when the market has too many sellers and not enough buyers, the price will definitely be pulled down.

The upcoming Consensus 2025 conference will be a major turning point for the Pi Network project

Cryptocurrency expert Dr. Altcoin believes that the upcoming Consensus 2025 conference will be a major turning point for the Pi Network project. In a post on the X platform, he said that the event offers a huge promotional opportunity for Pi Network and called on the development team to make the most of the occasion.

Dr. Altcoin calls Consensus 2025 one of the best promotional events Pi Network has ever had. Notably, Pi Network founder Nicolas Kokkalis will be one of the speakers at the event, along with other prominent names in the blockchain industry.

The Consensus event, dubbed the “Super Bowl of the blockchain industry” and the “World Cup of Web3,” is expected to attract more than 20,000 attendees from over 100 countries worldwide. The conference will take place from May 14 to 16 in Toronto, featuring leaders managing over $4 trillion in assets.

Kokkalis’s appearance alongside Bo Hines and Eric Trump is seen as a golden opportunity to promote Pi Network’s image and influence. Previously, he was criticized for his lack of public appearances, unlike other famous blockchain founders.

The content of Kokkalis' speech is still unknown, but many expect him to share his decentralized development strategy and plans to encourage users to join the network. Pi Network also recently released more information about its token economy, with 65 billion Pi allocated for community mining rewards.