Pi Network (PI) Price Drops 15% After PiFest Event Fails to Drive Market Interest

The Pi Network (PI) price is back in the spotlight after experiencing a sharp 15% drop today, April 4, 2025, and is trading at $0.5666.

The price of Pi Network (PI) has dropped by 15% in 24 hours and is currently trading at $0.5664, according to data from CoinGecko on Tuesday, April 4, 2025.

If converted to rupiah at the current value, which is $1 = IDR 16,747, then the price of Pi Network to rupiah is around IDR 9,373.

In a 24-hour period, the price of PI moved between $0.5395 to $0.6702, signaling quite high volatility.

In terms of market capitalization, Pi Network recorded a value of $3.81 billion, with a fully diluted valuation (FDV) of $5.86 billion. Trading volume in the last 24 hours reached $443.7 million.

Pi Network Price Drops 15.1% in 24 Hours

The price of Pi Network (PI) has recorded a sharp decline of 15.1% in the last 24 hours.

This aligns with a recent announcement from the Pi Network team regarding the results of PiFest, an event that aims to encourage the use of Pi Coin in local community activities.

The Pi Network team has just announced the results of PiFest, a community-based event focused on engaging local Pioneers in using Pi in their everyday transactions.

The first PiFest in the Open Network showcases record participation. A total of >125,000 registered sellers (including >58,000 active sellers) and 1.8M Pioneers have used Map of Pi, highlighting the real-world Pi utility globally.

Pioneers and local businesses in 85 countries around the world participated in PiFest in March 2025. The goal of PiFest is to encourage the use of Pi in the local community.

The event itself is a series of activities organized and hosted by Pioneers in different parts of the world to support local businesses and sellers.

The first PiFest in the Open Network showcases record participation. A total of more than 125,000 registered sellers—including more than 58,000 active sellers—and 1.8 million Pioneers have used Map of Pi, highlighting the global reach of Pi's real-world utility.

PiFest opened up opportunities for a wide range of purchases, from everyday necessities such as food and clothing, to professional services such as graphic design and vehicle repairs. This is proof that the real-world use of Pi Coin is starting to show potential.

“PiFest isn’t just a celebration—it’s living proof that Pi has real-world uses. With the Open Network now fully live, PiFest shows how Pi can drive indigenous commerce and strengthen local economies globally,” the Pi Network team wrote in their official blog.

However, despite its success in terms of community participation, Pi Coin’s market value remains weak.

Based on data from CoinGecko, at the time of writing (4/4/25), the price of PI is down 15.1% in the last 24 hours and trades at $0.5664. If converted to rupiah at the current value, which is $1 = IDR 16,747, then the price of Pi Network to rupiah is around IDR 9,373.

In a 24-hour period, the price of PI moved between $0.5395 to $0.6702, signaling quite high volatility.

In terms of market capitalization, Pi Network recorded a value of $3.81 billion, with a fully diluted valuation (FDV) of $5.86 billion. Trading volume in the last 24 hours reached $443.7 million.

Pi Network Price Drops 15.1% in 24 Hours

The price of Pi Network (PI) has recorded a sharp decline of 15.1% in the last 24 hours.

This aligns with a recent announcement from the Pi Network team regarding the results of PiFest, an event that aims to encourage the use of Pi Coin in local community activities.

The Pi Network (PI) price is back in the spotlight after experiencing a sharp 14.9% drop today, April 4, 2025, and is trading at $0.5657.

This drop came shortly after the announcement of the PiFest event, which was originally expected to drive market interest and boost the price of Pi Coin. Unfortunately, the enthusiasm for the announcement doesn’t seem to have been strong enough to withstand the selling pressure that has occurred in recent days.

With the downward trend continuing, many investors are now questioning the direction in which PI will move in the near future.

Pi Network Price Drops