TLDR
- Pi Coin drops 24% in the past month despite broader crypto market rally.
- Pi Network launches decentralized exchange and token creation features.
- Over 110 million Pi tokens set for release in October, adding market pressure.
- Pi Network’s new DeFi tools aim to reduce reliance on centralized exchanges.
Pi Network is facing growing challenges as its native token, Pi Coin, continues to experience a significant price slump. Despite a broader market recovery, including Bitcoin reaching new all-time highs, Pi Coin’s value has failed to follow suit. In the past month, Pi Coin has seen a 24% decline, prompting many to wonder whether recent updates, such as the introduction of decentralized finance (DeFi) features, can reverse the trend or if the network’s struggles will persist.
Price Decline Despite Market Recovery
Pi Coin has been under intense selling pressure over recent weeks. As of October 2025, the token is trading around $0.26, down 24% from its previous value. While Bitcoin and other altcoins have experienced rallies, Pi Coin has continued its downward trajectory. This contrast suggests that factors specific to Pi Network, rather than the overall market sentiment, are influencing the price drop.
A notable factor contributing to this slump is the rising number of Pi tokens being held on centralized exchanges. According to data from Piscan, reserves of Pi tokens on exchanges recently surpassed 445 million, up from 420 million in early September.
This increase in supply on trading platforms often signals potential selling activity. Furthermore, Pi Network’s upcoming unlock schedule will release over 110 million tokens in October, which may add more selling pressure to the already existing supply on exchanges.
New DeFi Features Could Offer Hope
Pi Network has introduced new decentralized finance (DeFi) tools aimed at increasing the ecosystem’s functionality. Recently, the team launched several testnet features, including a decentralized exchange (DEX) and an automated market maker (AMM) integrated into the Pi Wallet. These tools allow users to test token swaps, liquidity pools, and other DeFi mechanisms in a risk-free environment.
The development team hopes that these updates will improve the network’s decentralization and reduce reliance on centralized exchanges. “The integration of DeFi tools into the Pi Wallet is a significant step forward in our goal to create a decentralized ecosystem,” the team stated. The introduction of a DEX also marks a move towards enabling peer-to-peer transactions, giving users more control over their assets.
Token Creation and Developer Involvement
Pi Network’s new update also includes token creation capabilities on the testnet, allowing developers to issue tokens and create applications within the Pi ecosystem. This new feature mirrors Ethereum’s ERC-20 token system, which helped drive the growth of Ethereum’s ecosystem. The team’s goal is to encourage developer participation and build a robust decentralized platform that goes beyond speculative trading.
The addition of token creation on the testnet is a step toward fostering a wider range of applications and services. This could help Pi Network establish long-term value if developers adopt these tools to create useful and sustainable projects within the ecosystem.
Can These Changes Reverse the Price Trend?
Despite the excitement surrounding Pi Network’s new DeFi features, the question remains whether these updates will be enough to reverse the ongoing price slump. The network’s success in the long term will depend on how well these innovations can translate into real utility. If Pi can build a solid and active ecosystem of developers, users, and applications, it may help support the value of Pi Coin in the future.
For now, however, the market’s focus remains on the short-term price action. With increased selling pressure from unlocked tokens and higher exchange reserves, Pi Coin’s near-term prospects seem uncertain. The DeFi tools and developer-focused features may lay the groundwork for a more sustainable ecosystem, but the impact on Pi Coin’s price remains to be seen.
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Kelvin Munene is a crypto and finance journalist with over 5 years of experience in market analysis and expert commentary. He holds a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Analytics Insight. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
