Pi Network Nigeria

Why is PI’s price down today?

Pi's price dropped 4.8% in 24h due to token unlock sell pressure, lack of major exchange listings, and bearish technical structure.

Token unlocks added 19M PI ($8.3M) to circulation on July 4, No Binance/Coinbase listing despite community demand
Technical breakdown below key moving averages ($0.47 SMA7, $0.51 SMA30)
Deep Dive

1. Primary catalyst

The July 4 unlock of 19.2M PI (per PiScan) marked the largest single-day release since February, increasing selling pressure from early miners and whales. This follows a pattern where 337M PI ($147M) will unlock through July 15 according to roadmap schedules (Pi Network Ventures).

2. Market dynamics

Pi remains excluded from top 10 exchanges (0.09% market dominance) due to unresolved issues:

- Closed-source blockchain code
- No third-party security audits
- Centralized control of 72% supply by Pi Foundation

These factors deter institutional liquidity - PI's 24h turnover ratio of 2.87% signals shallow markets vulnerable to whale moves.

Conclusion

Pi's decline reflects structural weaknesses in accessibility and trust, amplified by scheduled supply inflation. With RSI at 38.18 nearing oversold territory, watch for stabilization near $0.41 Fibonacci support. Can Pi overcome exchange listing barriers before September's 93M token unlock?

Happy Pi2Day 2025! Today, Pi has introduced two exciting features to the ecosystem and provided various tech and product updates. First, Pi App Studio is an AI-powered platform that enables anyone to create Pi apps without coding—created to solve problems the world faces as AI advances, based on both blockchain and AI technologies. Second, Ecosystem Directory Staking is another platform-level utility that allows Pioneers and businesses to boost apps’ ranking in the Ecosystem Interface by staking Pi on the Mainnet blockchain. Key other updates include a Node version update, a third-party onramp aggregator integration, the .pi Domains Auction extension, and improvements to Mainnet Migration. Pioneers can also join the Pi2Day Ecosystem Challenge to explore features to receive digital prizes. Read the full Pi2Day blog to learn more.

Pioneers, it has now been over 100 days since the launch of Open Network! The Open Network launch was the culmination of over six years of building Pi Network’s infrastructure and ecosystem, and making sure that its utility was ready for use at launch.

Open Network’s external connectivity unlocked Pi’s thriving ecosystem, innovative applications, and extensive peer-to-peer network for integration with the broader blockchain world. This also allowed businesses to integrate with Pi after passing the KYB business verification process.

Open Network was key to Pi’s mission: to create an inclusive, utility-driven, and widely adopted cryptocurrency that is accessible to anyone. Pioneers around the world—crypto enthusiasts, mainstream ordinary people, and everyone in between—are the driving force behind Pi because Pi is set to solve the problem of mass adoption and real world utility.

In the first 100 days of Open Network, Pi’s ecosystem and utilities have continued to benefit Pioneers and expand. Let’s take a look back at the network’s progress and growth, including key updates on utility.

Pi Network Ventures: Investing $100M in Innovative Startups

Pi Network Ventures, a development initiative of $100 million held in Pi and USD, was launched by the Pi Foundation to strategically invest in startups and businesses, including those that advance the utility, adoption, and real-world impact of Pi.

Its three main objectives are to boost Pi utility, enable more of the world’s production onto Pi Network, and bring Pi to the real world.

By investing in startups and businesses, Pi seeks to empower developers, many of which build, integrate, and innovate with Pi, and bring real-world utility. Pi Network Ventures investments seek out innovators that are focused on globally accessible, community-driven, and economically meaningful projects.

Pi Ad Network finished its pilot, and developers can apply to join the Pi Ad Network now! However, the premise of selection is to be listed in the Mainnet Ecosystem Interface and compliant with developer ecosystem guidelines. This platform-level utility transforms the collective attention of Pi’s millions of Engaged Pioneers into a tangible and sustainable mechanism for supporting the Pi Apps and the ecosystem.

Read More on minepi.com for more details on the Ad Network and how to apply