Pi Network Price Today March 12, 2025: Down More Than 20% Compared to Last Week
Pi Network price today 3/12/2025 increased slightly by 1.4% compared to yesterday, currently at 1.38 USD. Pi Network faces pressure to drop below 1 USD
Pi Network Price Today
Pi price on OKX exchange on March 12, 2025 is fluctuating around the price from 1.31 USD to 1.41 USD (equivalent to 33,320 VND to 36,010 VND). Thus, according to the time of writing, Pi price on OKX exchange decreased by 21.8% compared to last week.
The volatile cryptocurrency market has significantly affected Pi Network, causing its value to continuously decline. Currently, Pi price is hovering below $2, down more than 20% from last week. If this trend continues, Pi could lose the important support level of $1.23 and fall to as low as $0.95 in March.
Along with the price decline, Pi's market capitalization also dropped sharply, from $10.34 billion to $9.95 billion in just one week. However, the trading volume skyrocketed 129.9% to $966.16 million. This shows that the sell-off is going on strongly, putting downward pressure on Pi Network's price.
Concerns about Pi's value inflation
Some experts believe that Pi's value has been greatly inflated. High expectations have created a "value bubble," leading many investors to believe that Pi has greater potential than it actually does. As selling pressure increases, Pi's price gradually reflects its true value.
This situation poses a big challenge for Pi Network. To maintain value, the project needs to increase transparency, accelerate development, and build a strong ecosystem to create real value.