5 Risks that Could Keep Pi Network Prices Stagnant for Longer than Expected

Jakarta, Pintu News – The Pi Network (PI) price is still moving in the low range of around $0.25 (Rp4,135) on various unofficial trading markets, far from the expectations of some in the community. While the project has a large user base, a number of structural and technical factors mean that the PI price could potentially stagnate for longer than expected. This article reviews the five main risks affecting PI’s price development based on the latest data and trends in the crypto industry.

1. Open Mainnet Date Uncertainty

The lack of an official Open Mainnet launch date is the biggest factor in PI price stagnation. Until the end of 2025, the Pi Network team has not provided a definitive timeline, although initial announcements mentioned the closed network phase taking place from March 2022. This delay has limited PI’s utility, as the token cannot be officially traded on regulated global exchanges.

These conditions cause the market to rely on PI values in barter or pseudo-exchange markets that do not reflect real prices. As a result, PI loses adoption momentum compared to new assets released with a clearer roadmap. Timeline uncertainty is also often associated with decreased interest from new investors.

2. Risk of Negative Sentiment due to GCV Myths

The re-emergence of “GCV” (Global Consensus Value) price claims such as $314,159 (Rp5.23 billion) is causing major misinformation in the community. Google search data shows a spike in interest in the term “GCV Pi” whenever these rumors circulate, indicating user confusion. But crypto analysts have asserted that arbitrary pricing has no economic basis.

This negative sentiment pressured the project’s reputation and made retail investors more cautious. Crypto commentators such as Dr. Altcoin call the GCV phenomenon a “price cult” that can hinder long-term adoption. When a project’s reputation is compromised by internal rumors, the process of ecosystem maturation may proceed more slowly.

3. Lack of Merchant Adoption and Economic Utility

Although Pi Network reports over 47 million verified users, the number of merchants actively accepting Pi is still very limited. Map of Pi 2.0 does list thousands of registered merchants, but only a small fraction conduct regular transactions. The lack of tangible utility keeps the demand for PI tokens from growing organically.

In the crypto economy, token value is strongly tied to on-chain activity and real-world utility. For comparison, projects like Solana (SOL) record more than 25 million daily transactions, while Pi Network has no public transaction data as it is still on an enclosed network. The lack of utility makes it difficult for the PI price to move up fundamentally.

4. Regulatory Risk due to Unregistered Status

PI’s lack of official listing on a regulated exchange puts the project in a regulatory gray area. In Europe, MiCA rules require public tokens to pass audits and disclosure, but PI has not been able to fulfill this because it is not yet open mainnet. Similar conditions exist in Asian markets, including Indonesia, which requires verification and approval before a cryptocurrency can be legally traded.

Also read: BTC Price Prediction at the End of 2025: Market Optimism Reaches $100,000!

The lack of regulation prevents institutional investors from getting into PI. Data from CoinShares shows that institutional investment provided more than $2.2 billion of inflows into crypto in 2025, but projects like PI were unable to share in the capital flow.

5. Intense Competition from New Crypto Projects

The cryptocurrency space is growing fast, with hundreds of new projects popping up every year. By 2025 alone, CoinMarketCap recorded more than 10,000 active tokens, and some of them offer clearer innovation models, such as AI-based crypto, DeSci, and modular blockchain. This competition means that Pi Network will have to compete to attract developers, investors, and the community.

In addition, new Layer-1 projects such as Monad, Berachain, and Aptos offer high throughput and a fast-growing ecosystem. In the midst of this competition, Pi Network needs to move more strategically to avoid falling behind in adoption and innovation.

Conclusion

Pi Network faces a number of risks that could keep the PI price stagnant for longer than expected. These range from delays in the open mainnet, internal rumors, low utility, regulatory risks, to intense competition in the crypto industry. To break out of this stagnation, Pi Network needs a firmer roadmap, real utility improvements, and structured ecosystem support.

FAQ

What are the main factors keeping the Pi Network price stagnant?

The main factor is that there is no Open Mainnet yet, which makes PI not officially tradable and its utility limited.

Why are GCV rumors considered dangerous for Pi Network?

Because unrealistic price claims can damage the reputation of the project and create false expectations in the community.

Does Pi Network meet international regulatory rules?

Not yet, as the PI token is not yet listed on a regulated exchange and is still in the enclosed network phase.

What is the PI price that the market is currently using?

The value of PI in the unofficial market is around $0.25 (IDR 4,135), not hundreds of thousands of dollars as GCV claims.

What could increase PI prices in the future?

Open Mainnet certainty, real utility, merchant growth, and ecosystem development can be positive catalysts.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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