pi news today
$BNB As of August 8, 2025, here are the latest updates on Pi Network (PI) based on recent developments:
Price Movement: The live price of Pi Network (PI) is approximately $0.36 USD,$ BNB$BNB with a 24-hour trading volume of around $71.7 million USD. The price has seen a modest uptick of about 5.73% in the last 24 hours, but it remains under bearish pressure, trading below key exponential moving averages (EMAs) and struggling to break the $0.40–$BNB0.42 resistance zone. Technical indicators suggest a cautious outlook, with potential for a dip to $0.30–$0.33BNB if support levels fail, or a rally to $0.50–$0.55 if momentum
Network Updates: Pi Network is progressing toward its Open Mainnet phase, with the Core Team announcing that over 9 million Pioneers have migrated to the mainnet. The enclosed mainnet phase continues, with ongoing KYC (Know Your Customer) verification and app development. The transition to an Open Mainnet, where the firewall will be turned off, is described as the "final stretch.
Technical Outlook: Posts on X indicate that Pi has touched the 200-hour moving average on the 1-hour candle chart, suggesting a potential trend shift. Analysts are closely watching whether Pi can break out of its current narrow trading range or face further downside
Market Sentiment: Despite recent ecosystem advancements, such as the integration of fiat on-ramps (Onramp.money, TransFi, Banxa) and a $20 million investment in AI-powered humanoid robotics, Pi Network faces challenges with weak demand and low trading volume. Bearish sentiment persists, with risks of further price declines unless new catalysts emerge.
Community and Ecosystem: The .pi domains auction continues to drive engagement, with a focus on building functional Web3 applications rather than speculative domain squatting. Over 21,000 apps are live on the platform, boosted by the AI-assisted Pi App Studio launched during Pi2Day 2025. However, community backlash has been noted due to issues with missing tokens post-KYC and mainnet migration.
For the most current price and news, you can check platforms like CoinGecko, CoinMarketCap, or Binance Square for real-time updates. Always conduct your own research before making investment decisions, as cryptocurrency markets are highly volatile.
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