The price of Pi Coin has increased by 3.4% in the past 24 hours. This price increase coincides with the Pi Core Team (PCT) announcing important milestones from the Pi2Day 2025 Ecosystem Challenge, emphasizing strong community participation.
Despite short-term gains, the broader market trend suggests persistent challenges for cryptocurrency.
Pi2Day 2025 Ecosystem Challenge Milestones
PCT reports that the Pi2Day 2025 Ecosystem Challenge event, held from 06/28 to 07/07, significantly boosted activity in the Pi Network ecosystem.
"The Pi2Day Ecosystem Challenge with eight steps guided Pioneers through new Pi2Day releases: Pi App Studio, Ecosystem Directory Staking, updated Node tools, and more. 2.6 million Pioneers started the Challenge, and 761,000 completed all steps to receive this year's limited username badge and colors," the team noted.
In their latest blog, the core team revealed that users developed 7,600 chatbot applications and published 14,100 custom applications using the newly launched Pi App Studio. Additionally, 34,800 users participated in application development, reflecting strong community engagement.
Ecosystem Directory Staking also saw significant participation, with over 16,700 users staking tokens across more than 1,450 distinct applications to enhance visibility.
Despite no rewards, Pioneers have staked 37.7 million Pi coins across the platform. Moreover, over 25 million Pi remain actively staked.
"With thousands of applications created, millions of Pi staked, and strong global participation in the Ecosystem Challenge, Pi2Day 2025 highlighted how new tools and programs are being actively used by the community," the blog wrote.
Pi Coin Leads Among Significant Price Declines
Following the announcement, Pi Coin's price saw a slight increase. Data from BeInCrypto shows this mobile-mined cryptocurrency is trading at 0.45 USD at the time of writing, up 3.4% over the past day.
Pi Coin Price Performance. Source: BeInCryptoThis price increase occurred during a market recovery, pushing many coins to their highest levels in months. Consequently, Pi Coin may have benefited from this trend.
However, this slight increase seems insufficient to reverse PI's broader downward trend. According to CoinGecko, Pi Coin is ranked as the cryptocurrency with the most significant price decline over the past 30 days, with an 18.6% price drop.
Cryptocurrencies with the Largest Price Declines in the Market. Source: CoinGeckoFurthermore, the PI supply on centralized exchanges continues to increase. Data from Piscan.io shows that Pi held on CEXs has risen to 391 million, up from 384 million earlier this week.
When more tokens are transferred to centralized exchanges, it typically indicates that holders may be preparing to sell their assets. This can, in turn, increase downward price pressure.
"Expect more volatility and likely challenging times for Pi's price in the coming months as 139 million PI (in August), 116 million PI (in September), 93 million PI (in October), 102 million PI (in November), and a large 170 million PI (in December) are unlocked," a user noted.
Meanwhile, community sentiment appears increasingly divided. Posts on Reddit and X reflect growing Pioneer disappointment due to prolonged weak market conditions and lack of transparency.
"This BULLRUN has ENDED for PI. With BTC reaching a large price of 122,000 USD, Pi only slightly increased to 0.53 USD and then dropped to 0.46 USD. All this is the result of no liquidation, increasing unlocks, low demand, low buying pressure, and a project keeping all control in their hands instead of accepting help from decentralized community developers... PI's future doesn't look good," another Pioneer wrote.
Nevertheless, some users remain optimistic about PI's prospects.
"Pi is undervalued. On 09/14, the six-month window will end. At that point, we might start seeing PI seizures. That's when you'll see how scarce PI is. Seized PI will be returned to mining," a post stated.
Another user pointed out a Falling Wedge pattern forming since May. The Falling Wedge pattern is typically considered a bullish signal, especially when formed during a downtrend, signaling a potential upward reversal.
These varying predictions emphasize the uncertainty surrounding Pi Network's future. Pioneers will closely monitor whether the optimistic or pessimistic perspective becomes reality.
