Pi Network Price Today June 22, 2025: 3 Reasons Pi Could Fall Below $0.50

Pi Network Price Today 6/22/2025

Pi price on OKX exchange on June 22, 2025 is fluctuating around the price from 0.5285 USD to 0.5493 USD (equivalent to 13,810 VND to 14,350 VND). Thus, at the time of writing, Pi price on OKX exchange decreased by 3% compared to yesterday, reaching 13,900 VND

As June 28 approaches, millions of global users are facing a series of technical issues, from KYC identity verification errors to 2FA security issues, causing a growing wave of skepticism.

After more than 6 years of development with a commitment to bring cryptocurrency to the masses, Pi Network is now facing a trust problem. Many users, despite having passed the photo and ID verification steps months ago, are now stuck in a 'provisional approval' state or in an endless loop when trying to move Pi tokens to the mainnet. The system is not synchronized, and the 'KYC sync button' solution recently released by the Pi Core team only solves a small number of cases.

The near-silence in technical support has led to growing frustration among the Pioneers community. Many people have opened their wallets after going through the verification and full operations, but still have no Pi.

In addition, the two-factor authentication (2FA) feature that was supposed to protect user accounts has become a source of confusion. Many people are not receiving confirmation emails, or are getting errors even when following the correct procedure. In some extreme cases, after completing 2FA, the mainnet migration is canceled, forcing users to start over.

As Pi2Day approaches and hopes for a breakthrough remain high, these technical issues could have a profound impact on the project's reputation unless the development team comes up with a concrete, transparent, and timely solution to reassure the community.

Pi Network Price Today June 22, 2025: 3 Reasons Pi Could Fall Below $0.50

3 Reasons Pi Could Slip Below $0.50

Pi Coin’s recent decline reflects negative developments in cash flows, market sentiment, and technical outlook. Here are three key factors that explain the coin’s sharp decline.

1. Pi Core Team reduces holdings

According to data from PiScan, in the past 24 hours, Pi Foundation 2 wallets have recorded a net withdrawal of more than 7.88 million PI tokens. In addition, three large wallets that received the initial allocation from Pi Foundation 4 wallets 4 years ago have just transferred a total of nearly 4.5 million PI, indicating a possible sell-off or strategic adjustment. This increases the supply in the market, puts downward pressure on prices, and undermines community confidence.

2. Exchange Balances Soar

The inflows to centralized exchanges (CEX) have increased rapidly, signaling a potential sell-off. OKX saw more than 3 million PI, Bitget saw more than 1 million PI, while exchanges such as MEXC, Gate.io, and Pionex also saw inflows. In total, these five exchanges accumulated nearly 4.91 million PI in just one day. As a large amount of tokens are transferred to the exchange, the possibility of a sell-off is high, increasing the risk of a price collapse.

3. Technical outlook continues to deteriorate

Pi Coin has dropped nearly 18% since the beginning of June and is currently trading below key support levels. The $0.55 level, which was once a strong support level, has been broken, opening the door to a drop to $0.509 or even a retest of the $0.40 bottom seen in April and mid-June.

The MACD indicator on the daily chart continues to fail to form a bullish crossover, indicating weakening momentum. Meanwhile, the RSI index fell to 31, close to the oversold level, reflecting increasing selling pressure.

Source: https://baonghean.vn/gia-pi-network-hom-nay-22-6-2025-3-ly-do-pi-co-the-truot-duoi-0-5-usd-10300118.html