The price of Pi Coin has increased 3.4% over the past 24 hours. This uptick coincides with the Pi Core Team (PCT) unveiling significant milestones from the Pi2Day 2025 Ecosystem Challenge, highlighting strong community engagement.
Despite the short-term gain, broader market trends indicate persistent challenges for the cryptocurrency.
Pi2Day 2025 Ecosystem Challenge Milestones
The PCT reported that the Pi2Day 2025 ecosystem challenge event, held between June 28 and July 7, drove substantial activity within the Pi Network ecosystem.
“The eight-step Pi2Day Ecosystem Challenge walked Pioneers through Pi2Day’s new releases: Pi App Studio, Ecosystem Directory Staking, updated Node tools, and more. 2.6 million Pioneers started the Challenge, and 761,000 powered through every step to claim this year’s limited-edition username badge and color,” the team noted.
In the latest blog, the core team revealed that users have developed 7,600 chatbot applications and published 14,100 custom apps using the newly launched Pi App Studio. Additionally, 34,800 users have participated in app development, reflecting strong community involvement.
The Ecosystem Directory Staking has also seen major participation, with more than 16,700 users staking tokens across 1,450+ separate apps to boost visibility.
Despite the lack of rewards, Pioneers have staked 37.7 million Pi coins across the platform. Furthermore, over 25 million Pi are still actively staked.
“With thousands of apps created, millions of Pi staked, and strong global participation in the Ecosystem Challenge, Pi2Day 2025 highlighted how new tools and programs are being used actively by the community,” the blog read.
Pi Coin Takes the Lead Among Top Losers
Following the announcement, Pi Coin’s price saw a modest increase. BeInCrypto data showed that the mobile-mined cryptocurrency was trading at $0.45 at press time, up 3.4% over the past day.
The rise comes amid a broader market rally, which has pushed several coins to multi-month highs. Thus, Pi Coin’s price may have also benefited from that.
However, the small uptick seems hardly enough to reverse PI’s broader downtrend. According to CoinGecko, Pi Coin ranks as the top loser among cryptocurrencies over the past 30 days, with a price drop of 18.6%.
Furthermore, PI supply on centralized exchanges has continued to rise. Data from Piscan.io indicates that the amount of Pi held on CEXs has risen to 391 million, up from 384 million earlier this week.
When more tokens are moved to centralized exchanges, it often suggests that holders might be preparing to sell their assets. This, in turn, can exacerbate downward pressure.
“Expect way more volatility and most likely a hard time for Pi’s price action over 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 huge 170million PI (in December) gets unlocked,” a user added.
Meanwhile, community sentiment appears increasingly divided. Posts on Reddit and X reflect growing frustration among Pioneers due to prolonged market weakness and lack of transparency.
“This BULLRUN is OVER for PI. With BTC hitting a major price of $122,000, Pi rose just a bit to $0.53 to crash down again to $0.46. All of this is the result of no presence of liquidity, increased amount of unlocks, low demand, low buy pressure and a CT that keeps all the control in their hands instead of accepting the help from decentralized community devs…The future for PI is not looking good,” another Pioneer wrote.
Despite this, some users still remain optimistic about PI’s prospects.
“Pi is undervalued. On Sep 14th, 6 months rolling window will end. At that point, we might start seeing forfeited PI. Thats when you will see how scarce PI will be. Forfeited PI will be returned back to mining,” a post read.
Another user pointed to a descending wedge pattern forming since May. The descending wedge pattern is widely regarded as bullish, especially when it forms in a downtrend, signaling the potential for an upward reversal.
These varying forecasts underline uncertainty about Pi Network’s future. Pioneers will be closely watching whether the optimistic or pessimistic outlook will finally materialize.
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