Navneet Kumar Ricky

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Pi Network Mining Rate Drops 38% Since Mainnet Launch

​As of April 6, 2025, the Pi Network’s base mining rate has undergone a significant reduction since its Mainnet launch.

Earlier in January we covered that the rate decreased to 0.0047. Now its dropped to 0.0029 Pi per hour, marking approximately a 38% decline. This adjustment aligns with Pi Network’s strategy to decrease mining rates as the user base expands, aiming to enhance the cryptocurrency’s scarcity and potential value over time.​

Pi Network Mining Rate Drops 38%

For miners, this means that earning Pi has become more challenging, emphasizing the importance of consistent participation and the utilization of available bonuses to optimize rewards. The Pi Network community is encouraged to maintain their mining activities diligently to maximize their Pi earnings under these new conditions.​

Regarding the Pi Coin’s market performance, it is currently trading at approximately $0.60, which is 10% higher than the last 24 hours. The price has experienced fluctuations, with an intraday high of $0.79 and a low of $0.41. 

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"PI to $1 is just a dream. This is now a slow rug," one analyst claimed.

PI’s 65% price crash over the past month has shifted sentiment, with even former fans now lambasting the project.
Hopes for a recovery rest on potential exchange listings from Binance or Coinbase.

From a Supporter to a Critic
Pi Network’s native token witnessed another correction in the past 24 hours, with its price tanking by 7%. Currently, it trades at around $0.63. epresenting a whopping 65% decline in the last month.

Its massive retreat as of late seems to have changed the sentiment of even its hardcore fans. The X user MOON JEFF, who recently predicted that PI could skyrocket to an all-time high of $5, joined the critics’ corner. The analyst claimed that Pi Network is “now a slow rug,” criticizing the team behind the project:

“The team is not delivering what they promised. They promised 100 Dapps on launch, but only less than 5 are working.”

According to MOON JEFF, PI’s potential spike to $1 is “just a dream,” while breaking above that point is “just another dream.”

Besides lambasting the project, the analyst noted that the coin’s daily unlocks “are back in millions.”

“The daily unlocks will kill PI. The daily selling pressure is insane.”
More than 121 million PI tokens will be unlocked in the next 30 days. The increased circulating supply could further negatively influence price performance.

Currently, the amount of tokens in circulation stands just below 6.8 billion, meaning that over 90% of the total designated supply has yet to enter the market. The de facto circulating supply constitutes locked mining rewards and unlocked mining rewards. The latest data shows that almost 75% of the tokens remain locked, raising uncertainty about how the price will react once this amount frees up.

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Pi Network (PI) Price Prediction & Analysis: Community Calls for New Leadership as Token Slides Further

Pi Network's cryptocurrency falls below $0.70 amid community backlash over communication issues, declining mining rates, and controversial KYC requirements.

Pi Coin price has dropped by approximately 4%, falling below $0.70

Community members are frustrated with Pi Core Team’s lack of transparent communication

Pi Network’s base mining rate decreased by 1.18% to 0.0029030 π per hour

Despite PiFest announcement highlighting participation, trading activity in the ecosystem is at its lowest

Technical analysis shows Pi forming a falling wedge pattern with next crucial support at $0.60

Pi Network’s native cryptocurrency PI continues to face selling pressure as community backlash grows over perceived lack of transparency from the project’s leadership team. The token recently slipped below the $0.70 mark amid declining trading volumes and growing skepticism from community members.

The PI token has experienced a 20% price decline over the past seven days. This downward trend comes despite the Pi Core Team’s announcement about record participation in their inaugural PiFest on the Open Network.

Network (PI) Price

According to the team’s announcement, over 125,000 registered sellers participated in the event. This included more than 58,000 active sellers and 1.8 million Pioneers utilizing Map of Pi.

However, community reaction to this news has been largely negative. One community member known as Dr. Altcoin noted that trading activity in the ecosystem has reached its lowest point since PiFest began.

“The only trade was selling Pi for Cash,”

Communication Challenges

Other community members have criticized the Pi Core Team’s communication approach. Critics argue that monthly updates are too predictable and insufficient for maintaining an engaged community.

Some members are now calling for a more transparent communication strategy. There are even suggestions for new leadership with deeper cryptocurrency expertise.