Pi Network price today, May 29, 2025: Could the Pi Network mainnet have already started operating?
Pi Network price today, May 29, 2025, is down 3.3% compared to yesterday, currently at $0.7303 USD. The Pi Network mainnet may now be operational.
Pi Network price today, May 29, 2025
The price of Pi on the OKX exchange on May 29, 2025, is fluctuating around $0.7282 to $0.7563 (equivalent to VND 18,910 to VND 19,600). As of the time of writing, the price of Pi on OKX has decreased by 3.3% compared to yesterday, reaching VND 18,960.
Pi Network (PI) is currently trading around $0.77, after briefly surging above $0.80 due to positive news regarding outflows from the OKX exchange. However, technical charts indicate that the cryptocurrency is still in a consolidation phase and is under downward pressure due to a lack of clear upward momentum from buyers.
Based on the Ichimoku Cloud indicator, the PI price is currently below the red cloud, a signal that the downtrend remains dominant. Both the Tenkan-sen and Kijun-sen lines are flat, indicating a lack of momentum and hesitant investor sentiment. The cloud ahead remains dense and bearish in structure, creating a significant barrier to any short-term upward price movements.
Furthermore, the BBTrend indicator has also turned negative, further reinforcing a cautious view of the current price trend. If the price fails to break above the cloud and receive support from market momentum, the potential for a strong rebound remains limited.
Has the Pi Network mainnet started going live?
News that over 102 million PI tokens were withdrawn from OKX in the last 72 hours has shaken the cryptocurrency community. For early Pi believers, this is confirmation that the Pi Network mainnet is actually operational. Conversely, for skeptics, it's a wake-up call that Pi is no longer just a test project or "on paper."
The token withdrawal event has sparked renewed interest. The PI price reacted strongly, with trading volume soaring to over $30 million per day, reflecting a return of speculative sentiment. The $0.90 resistance level is now a crucial technical benchmark the market is watching, with expectations that a breakout would lead to the psychological milestone of $1.
Pi Network used to operate quietly with a large user base but without a publicly available token. Now, things are changing. The Pi Network mainnet is no longer a future plan; it has been activated and is operational.
However, this also places new expectations on the Pi Core team. Users now demand transparency regarding the development roadmap, operating mechanisms, and a commitment to building a truly sustainable Web3 ecosystem. Pi is entering the "big arena" of cryptocurrency, and the world will be closely watching its next move.
