Pi Network Price Today April 21, 2025: Sharp drop, almost wiping out all previous recovery momentum

Pi Network Price Today 4/21/2025

Pi price on OKX exchange on April 21, 2025 is fluctuating around the price from 0.6183 USD to 0.6536 USD (equivalent to 16,000 VND to 16,920 VND. Thus, at the time of writing, Pi price on OKX exchange decreased by 4.4% compared to yesterday, reaching 16,170 VND

Today, Pi Network's price has dropped sharply, nearly erasing all of its previous recovery from its historic low of $0.38. Pi is currently trading around $0.60, still about 78% below its peak of $3.

However, many experts warn that this decline may not stop. Some predict that the price of Pi may continue to plummet by another 35% to 50%. The main reason lies in the large amount of Pi tokens that are and will continue to be released into the market.

According to analyst “Dr. Altcoin”, the massive token issuance in the coming time may cause the Pi price to continue to fall sharply. This month alone, more than 100 million Pi tokens are expected to be unlocked. If calculated for the whole year, the number may exceed 1.5 billion tokens. Meanwhile, the buying power is still weak, leading to the risk of supply-demand imbalance.

He believes that if the Pi development team does not quickly control the speed of token issuance, the price could fall to $0.30 in the coming months. Other experts agree, saying that when the market has too many sellers and not enough buyers, the price will definitely be pulled down.

The upcoming Consensus 2025 conference will be a major turning point for the Pi Network project

Cryptocurrency expert Dr. Altcoin believes that the upcoming Consensus 2025 conference will be a major turning point for the Pi Network project. In a post on the X platform, he said that the event provides a huge promotional opportunity for Pi Network and called on the development team to make the most of the occasion.

Dr. Altcoin calls Consensus 2025 one of the best promotional events Pi Network has ever had. Notably, Pi Network founder Nicolas Kokkalis will be one of the speakers at the event, along with other prominent names in the blockchain industry.

The Consensus event, dubbed the “Super Bowl of the blockchain industry” and the “World Cup of Web3,” is expected to attract more than 20,000 attendees from over 100 countries around the world. The conference will take place from May 14 to 16 in Toronto, featuring leaders managing over $4 trillion in assets.

Kokkalis’ appearance alongside Bo Hines and Eric Trump is seen as a golden opportunity to boost Pi Network’s image and influence. Previously, he was criticized for his lack of public appearances, unlike other famous blockchain founders.

The content of Kokkalis' speech is still unknown, but many expect him to share his decentralized development strategy and plans to encourage users to join the network. Pi Network also recently released more information about its token economy, with 65 billion Pi allocated for community mining rewards.

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Source: https://baonghean.vn/gia-pi-network-hom-nay-21-4-2025-giam-manh-gan-nhu-xoa-sach-toan-bo-da-phuc-hoi-truoc-do-10295575.html