Pi Network Price Today 6/16/2025
Pi price on OKX exchange on June 16, 2025 is fluctuating around the price from 0.5938 USD to 0.6321 USD (equivalent to 15,480 VND to 16,480 VND. Thus, at the time of writing, Pi price on OKX exchange decreased by 1.8% compared to yesterday, reaching 15,680 VND
Contrary to the usual fear when asset prices plummet, the Pi Coin user community is showing a different reaction. Although the price of Pi has dropped sharply to $0.4, many people are not rushing to sell off, but on the contrary, see this as a “golden” opportunity to increase their reserves.
The "bottom fishing" activities spread quickly, many people even regretted missing the opportunity to buy more at the bottom. The "hodl" mentality still prevails, showing that the belief in the long-term value of Pi Network has not wavered among a segment of investors.
Thanks to the buying pressure from this “bottom-fishing” community, Pi’s price did not continue to fall further and has recovered slightly after the crash. However, this recovery still depends largely on the strength of actual buying power as well as the ability of the market to regain confidence after the shock. If demand is not enough to absorb the potential supply, the risk of correction still exists.
Geopolitical tensions and negative sentiment send Pi Network and altcoins plunging
The past week has seen a series of major fluctuations in the cryptocurrency market, notably the geopolitical conflict between Iran and Israel, legal developments in the US with the GENIUS Act stablecoin bill, and new expectations from Ripple surrounding the XRPL ecosystem.
However, it is global instability and pessimistic investor sentiment that are the factors strongly influencing the downward trend of digital assets, especially Pi Network.
Specifically, after Israel suddenly attacked Iran's military and nuclear facilities, Tehran immediately responded with drones and missiles. The rapidly escalating conflict caused the cryptocurrency market to evaporate more than $1 billion in a short period of time, reflecting the extremely sensitive nature of this sector to geopolitical events.
Ethereum price dropped more than 10%, while altcoins such as Solana, XRP and especially Pi Network were all heavily impacted. Pi Network recorded a shocking drop of 35%, falling to a historic low of $0.40, causing serious damage to many individual investors. Although the price has shown signs of recovery after the sharp drop, selling pressure is still high and risks have not been eliminated.
Unlike some altcoins that could see a slight recovery if market sentiment improves, Pi Network continues to face a number of significant hurdles: from poor liquidity, declining market confidence to selling pressure from impatient retail investors.
In this context, the short-term future of Pi Network remains uncertain, and its ability to recover steadily depends largely on the trust factor, which has been severely tested after the recent series of fluctuations.
Source: https://baonghean.vn/gia-pi-network-hom-nay-16-6-2025-pi-thu-ru-nhau-bat-day-10299712.html
Comment (0)