As of September 1, 2025, the price of Pi Network (PI) on Gate is approximately $0.35, still in a deep correction range compared to its historical high. Since its establishment in 2019, the project has attracted users globally with its mobile device mining concept, but the complete opening of the mainnet and the full circulation of tokens remain the focus of community attention.
September Major Update: Comprehensive Upgrade of Technical Infrastructure
September 1st is an important milestone in the development of Pi Network. The first 37 strategic projects have officially launched on the Testnet, marking the beginning of the "Pioneer Internal Test" phase. This signifies that Pi Network is no longer just a concept or a simple mining application, but is in the process of forming a real ecosystem.
These projects cover DeFi, gaming, social media, and tool applications, providing potential use cases for Pi coin. During the internal testing period, eligible pioneer users can access and experience these decentralized applications (dApp) through the Pi Browser.
The technical team has simultaneously completed a major update of the node software, releasing a Linux-compatible version of the node software. This upgrade includes protocol version 23, introducing on-chain KYC verification and smart contract support, significantly expanding the accessibility of the network for Linux users.
Market performance: Price fluctuation and market sentiment differentiation
Despite the smooth technological progress, the market performance of Pi Coin presents a complex situation. At Gate, the current trading price of the PI token fluctuates around $0.35, down about 70% from its historical high of $1.97 in February 2025.
The price drop is mainly due to two factors: the profit-taking selling pressure from early miners after the mainnet went live, and the relatively limited market liquidity. Although Gate provides a legal trading scenario, leading exchanges like Binance and Coinbase have not yet listed PI coin, which restricts the scale of capital inflow.
Market sentiment has shown a clear divergence. According to CoinMarketCap data, Pi Network has been listed as one of the top 10 cryptocurrencies with the strongest bullish sentiment in the past 24 hours, with a rating of 87.7%. This optimism mainly stems from the community’s expectations for the project’s long-term development.
Challenges and Risks: Token Unlocking and Regulatory Compliance
The most direct challenge facing Pi Network is the upcoming large-scale token unlock. Data shows that 159.5 million PI tokens will enter circulation through daily unlocks in September. This large-scale token unlock may increase the supply pressure on PI, posing further downside risks.
The bottleneck of KYC (Know Your Customer) verification also restricts ecological development. Although over 14.82 million users have completed KYC and migrated to the mainnet, there are still millions of users waiting for verification, which slows down the growth of the ecosystem.
Regulatory compliance is another challenge that cannot be ignored. As governments around the world strengthen regulations on cryptocurrencies, Pi Network needs to ensure compliance with the requirements of various jurisdictions in order to gain recognition and support from mainstream exchanges.
Future Outlook: Ecological Development and Price Prediction
From the technical roadmap, Pi Network has a series of plans in the fourth quarter of 2025. On September 15, the Stellar V23 protocol mainnet upgrade will be completed, and the cross-chain bridge will officially open; in October, the project will be showcased at the Consensus 2025 summit and will release the 2026 ecosystem white paper.
These developments may provide support for the price of Pi coin. Technical analysis shows that PI may be forming a double bottom pattern, with a double bottom forming at the level of 0.3167 USD in August. If this support level can be maintained, a short-term rebound to around 0.46 USD is possible.
Long-term Price Prediction Presenting a differentiated trend. Conservative predictions suggest that by the end of 2025, the price of PI could be between 0.44 and 0.85 dollars, while optimistic predictions believe that if ecological applications accelerate, it could reach 1.42 dollars by the end of the year.
Future Outlook
Pi Network is at a critical stage of transitioning from a "social experiment" to a "functional blockchain." With the continuous launch of dApps on the Testnet and the ongoing expansion of the node network, the Pi ecosystem is gradually taking shape. However, the comprehensive opening of the mainnet, the widespread listing on exchanges, and the richness of actual application scenarios will determine whether it can truly realize the original intention of creating a "public blockchain." The development in the next three months will have a decisive impact on the project’s long-term trajectory.
