- The price of Pi coin has dropped 60% amid a weak response to the .pi domain update.
- Exchange inflows and token unlocks signal bearish pressure.
- Users have raised concerns over security and stalled ecosystem growth.
The Pi Network ecosystem is facing growing uncertainty as concerns over its .pi domain auction weigh heavily on the price of its native token, Pi.
Pi coin, which once soared to $1.50 in April, has fallen sharply, now hovering around the $0.60 mark.
This decline has sparked fresh speculation about the network’s long-term prospects and the token’s immediate price trajectory.
Also Read: PI coin price prediction as it drops below $1 despite $100m Pi Network Ventures launch
Pi token drop raises red flags across the community
The recent 60% decline in Pi’s price over the past month has rattled users and investors alike.
Although the Pi Core Team has launched a dedicated app for the .pi domain auction, the update has not delivered the ecosystem-wide uplift many had hoped for.
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, which introduced features like real-time statistics and email notifications, was meant to showcase utility and expand digital participation.
However, critics argue that the changes have failed to address deeper platform issues, including KYC delays and limited business adoption.
Adding to these frustrations, users are increasingly vocal about the lack of new listings, app integrations, or smart contract functionalities.
These gaps are compounding scepticism as Pi Network prepares for its next major event—Pi2Day on June 28.
Pi Network domain auction engagement falls short
While more than 3 million Pi tokens have been spent on .pi domain bids so far, representing roughly $1.8 million in estimated value, the impact appears modest compared to the network’s daily trading volume.
The low conversion of domains into actual utility—like live websites, businesses, or dApps has also drawn criticism. Many domains have been snapped up for speculative purposes, such as squatting on generic terms or brand names.
Despite Pi Network’s emphasis on utility, developers and merchants have yet to actively leverage these domains to anchor meaningful services. The absence of such applications continues to dampen momentum around the initiative.
CEX inflows spark fears of market dump
Trading volumes for Pi rose 60% over the past 24 hours, yet this surge was not backed by bullish sentiment.
Instead, centralised exchanges recorded large inflows, a move typically seen when holders prepare to sell.
Gate.io led the pack with over 1.3 million PI deposited, followed by OKX and Bitget. These figures point to a potential coordinated sell-off that may place further pressure on already fragile support levels.
At the same time, around 11 million PI tokens are being unlocked daily, adding to the oversupply problem.
With current demand stagnant, this unlock schedule raises fears of an extended price dip.
Security concerns add to the bearish sentiment
Amid the.Pi domain auction concerns and the surging trading volume void of a bullish market sentiment, the community’s mood has taken another hit following reports of a password leak tied to PiChain Global.
Users were urged to take urgent steps to secure their Pi accounts and bind their email addresses to 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
This incident, though isolated, has highlighted broader concerns over the platform’s readiness to handle mainstream adoption.
It has also led to increased calls for multi-layered security and better identity verification mechanisms.
Although the Pi Core Team responded quickly with procedural recommendations, the damage to confidence may take time to repair.
The Pi coin price outlook hinges on clearer utility
Technically, Pi coin is consolidating between $0.57 and $0.60, but analysts caution that support at this level is under serious threat.
While some indicators suggest a possible rebound toward $0.67, overall momentum remains bearish.
Without a strong catalyst—such as a surprise exchange listing or a major feature announcement during Pi2Day—most signals point toward continued sideways or downward movement.
The MACD is approaching a bearish crossover, and resistance at $0.66 has proven firm.
As Pi Network works to revive community engagement, investors will be watching closely for concrete signs of growth.
Unless the ecosystem delivers on long-promised features and utility, the PI token could continue to slide.
For now, market sentiment remains cautious, and Pi coin’s short-term outlook is clouded by unresolved issues and growing disillusionment within its user base.
