- Pi coin price fell 60% following a muted response to the .pi domain update.
- Exchange inflows and token unlocks signal bearish selling pressure.
- Users voiced security concerns and halted ecosystem growth.
The Pi Network ecosystem faces rising uncertainty as worries around the .pi domain auction weigh heavily on the native Pi token.
Pi coin, which reached about $1.50 in April, has plunged and is now trading near $0.60.
This decline has sparked fresh speculation about the network’s long-term prospects and the token’s near-term price path.
Also read: Predicted Pi coin price could fall below $1 despite the launch of $100 million Pi Network Ventures
Pi token drop raises warning signs across the community
A recent 60% drop in Pi’s price over the past month has unsettled users and investors alike.
Although the Pi Core Team rolled out a dedicated app to support the .pi domain auction, the update failed to deliver the wider ecosystem uplift many had expected.
The .pi Domains Auction continues to see strong engagement across the Pi ecosystem. Recent updates include a new statistics page showing domains with the most bids, highest price, and recent trending bids. https://t.co/yD13KYexu7
The Auction is also now a Pi app instead of being…
— Pi Network (@PiCoreTeam) June 15, 2025
The domain auction introduced features such as real-time statistics and email alerts to showcase utility and broaden digital participation.
Critics say those changes did not address deeper platform issues, including KYC delays and limited business adoption.
Frustration has been amplified by users’ growing complaints about the lack of new listings, app integrations, or smart contract features.
These gaps have increased skepticism as Pi Network prepares for its next major event — Pi2Day on June 28.
Engagement with Pi domain auction lags
So far more than 3 million Pi tokens have been spent on .pi domain bids—roughly valued at $1.8 million—but the impact remains modest compared with the network’s daily trading volume.
Low conversion of domain purchases into real-world utility—such as active websites, businesses, or dApps—has drawn criticism. Many domains were acquired for speculative purposes, including squatting on generic terms or brand names.
Despite Pi Network’s emphasis on usefulness, developers and merchants have been slow to leverage these domains to build meaningful services. The absence of significant follow-through continues to dampen the initiative’s momentum.
Exchange inflows raise fears of market dumping
Trading volumes for Pi rose about 60% over the past 24 hours, but the increase was not backed by bullish sentiment.
Instead, centralized exchanges recorded a large inflow of tokens—an action commonly seen when holders prepare to sell.
Gate.io led with more than 1.3 million PI deposited, followed by OKX and Bitget. Those figures point to a potential coordinated sell-off that could add pressure to already fragile support levels.
At the same time, roughly 11 million PI tokens are being unlocked daily, further contributing to supply pressure.
With demand remaining subdued, the ongoing unlock schedule raises concerns about prolonged downward price pressure.
Security worries add to bearish sentiment
Amid concerns over the domain auction and rising exchange flows without bullish demand, community mood took another hit after reports of a leaked password connected to PiChain Global.
Users were urged to take immediate steps to secure their Pi accounts and to bind their email addresses with the Pi Chain Mall platform.
We’ve received reports of leaked Pi account passwords, which may allow unauthorized access to your Pi Browser and lead to asset theft. To secure your PCM account, please bind your email by following these steps:
1. Download PCM Wallet from the official website… pic.twitter.com/xeoU1Rjcrf
— PiChain Global (@pichainmall) June 16, 2025
Although the incident appears limited in scope, it highlighted broader concerns about the platform’s readiness for mainstream adoption.
Calls have intensified for multi-layered security and stronger identity verification mechanisms.
While the Pi core team responded quickly with procedural guidance, rebuilding trust is likely to take time.
Pi coin outlook hinges on clearer utility
Technically, Pi is consolidating between $0.57 and $0.60, but analysts warn that support at this range is under severe threat.
Some indicators point to a potential rebound toward $0.67, yet the overall momentum remains bearish.
Without a strong catalyst—such as a surprise exchange listing or a major feature announcement during Pi2Day—most signals point to sideways or downward movement.
MACD is approaching a bearish crossover and resistance around $0.66 has proven firm.
As Pi Network works to revive community engagement, investors will closely watch for tangible signs of growth.
If the ecosystem fails to deliver long-promised features and real utility, the PI token could continue to decline.
Market sentiment remains cautious, and the short-term outlook for Pi coin is clouded by unresolved issues and growing user disappointment.