As of October 2025, Pi Network is navigating a pivotal moment—marked by price turbulence, ecosystem growth, and renewed developer momentum ahead of its hackathon deadline. With over 50 million users and a mobile-first mining model, the project is striving to convert community enthusiasm into real-world utility.
Price Volatility and Market Sentiment
The PI token has seen significant fluctuations this month, trading between $0.75 and $0.95, with a recent dip to $0.85 following a broader crypto market correction triggered by U.S.–China trade tensions. Technical indicators reflect mixed sentiment:
- RSI at 38 suggests oversold conditions.
- MACD bearish crossover warns of short-term downside.
- A 1.2% daily dip ahead of Fed Chair Jerome Powell’s speech reflects investor caution.
Despite the volatility, some analysts see potential for a bullish reversal, citing a falling wedge pattern and improving market sentiment.
Ecosystem Growth and Developer Engagement
Pi Network’s ecosystem is showing signs of revival. After a slow rollout earlier this year, the platform is gaining traction again thanks to its October hackathon, which has energized developers and community contributors.
- New dApps focused on decentralized finance (DeFi), social networking, and AI integration.
- A proposed PiUSD stablecoin, aimed at enabling machine-to-machine (M2M) payments and AI-driven microtransactions.
- Over 50 million users remain active, supporting the network’s mobile mining model despite delays in full mainnet deployment.
Institutional Interest and ETP Decline
Valor’s Pi exchange-traded product (ETP) has seen a sharp decline in assets under management, dropping to just $3,000 from $3,400 in September. This signals waning institutional interest and contributes to PI’s 90% drop from its all-time high.
However, community sentiment remains cautiously optimistic, with many viewing the current phase as a necessary recalibration before broader adoption.
Next for Pi Network?
The coming weeks will be critical. The hackathon deadline could bring a wave of new applications, and any announcement regarding mainnet utility or exchange listings could dramatically shift market dynamics.
Investors and users are watching closely for:
- Developer incentives and grants
October 2025 may be remembered as the month Pi Network either reignited its momentum or faded further into speculative obscurity. With a massive user base, a unique mining model, and growing developer interest, the project has the ingredients for success—but execution remains key.