Market Discussion: The Real Reason for Price Stability

In the past week, the Pi Network price has basically fluctuated between 0.45 and 0.50 dollars, and the expected drop below 0.40 dollars has not occurred. Although mainstream exchanges have not yet officially supported Pi spot trading, several data platforms show that Pi’s market valuation is nearing 800 million dollars, sparking extensive discussion: is this the result of the team’s careful maintenance, or is the ecosystem starting to play a real role?

Current price of Pi compared to historical prices

Since the beginning of the year, the price of Pi has dropped from a high of $2.79, and as of July 8, CoinGecko shows its price at $0.4584, with a 24-hour decline of 0.96%. Over the past 30 days, it has fallen by about 14.5%, but the decline has clearly narrowed. Considering the sharp drop cycle that most new coins experience after launching, this stable trend is particularly noteworthy.

The core team’s “hands-on” control mechanism.

The key factor supporting the stable price of the Pi Network is its highly centralized token management model. The project team currently controls about 90% of the token supply and has absolute say over the circulation by dynamically adjusting the unlocking pace. In a situation where liquidity is limited, buying is concentrated, and selling pressure is restricted, a relatively stable price structure can be established even when the market lacks hotspots.

On-chain ecosystem and practical application status

Pi Network claims that there are over 7,900 DApps registered in its app store, Pi App Studio, covering multiple fields such as social networking, e-commerce, and gaming. However, most projects are still in the early testing phase and have not yet formed actual user engagement. In the short term, this type of ecosystem is unlikely to directly drive prices, but in the medium to long term, the maturity of the ecosystem will determine whether Pi has intrinsic value support.

The number of exchanges launched and liquidity risks

Currently, Pi has not been listed on major exchanges such as Binance and Coinbase. The main circulation market is dominated by OTC (over-the-counter) trading and some unauthorized platforms. This situation makes prices more susceptible to manipulation by large holders, and price fluctuations may also be artificially created. If Pi can successfully list on top-tier exchanges in the future, its liquidity release and price discovery mechanism may be completely transformed.

Key signals that investors need to pay attention to

For ordinary investors, the following key indicators should be focused on:

• Official announcement: including mainnet upgrades, exchange listings, etc.
• Unlocking Progress: Large-scale unlocking may trigger market pressure;
• Ecological progress: If a star-level DApp emerges, it may trigger a flow of funds back.
• Market heat changes: Social media popularity, new user growth, etc. are also indicators of price trends.

Summary and Suggestions

The current price of Pi Network is stable above $0.40, with a low risk of decline in the short term. However, this price stability is more due to artificial supply control rather than natural market discovery mechanisms. Therefore, investors need to remain vigilant and avoid judging it as a “safe asset” based on short-term price appearances. In the medium to long term, whether Pi can gain a foothold will depend on the implementation of more real applications and the opening of genuine market circulation channels.