Market Overview

As of the close on October 24, 2025, Pi (PI) traded at $0.207506 per token, a modest rise above its 52‑week low of $0.158525 and a significant decline from its 52‑week high of $2.98164. The market capitalization stood at approximately $1.71 billion USD. Despite this valuation, the token’s price action has been largely range‑bound, hovering near critical support and resistance thresholds.

Recent Catalysts

KYC Rollout and User Migration

The most prominent development has been the accelerated verification of Pi Network participants. On October 24, multiple sources reported that 3.36 million users completed KYC, and the same day the mainnet attracted 2.69 million new pioneers. A subsequent report noted a further 3.36 million users had passed the updated verification process, bringing the total verified community to more than 6 million. This surge in user base is supported by the launch of an AI‑driven KYC review system, designed to streamline and secure the verification flow.

These milestones coincide with a notable 10 million token withdrawal from exchanges in October, indicating a shift from speculative holding to long‑term commitment. The outflow has been interpreted by analysts as a confidence signal, reducing selling pressure and providing a foundation for potential upside.

Technical Landscape

On the 4‑hour chart, PI has recently breached a local resistance trendline and settled near the 50‑period Exponential Moving Average (EMA), a commonly watched indicator for short‑term trend direction. Fibonacci retracement analysis suggests that the current $0.20 level is a robust support zone, potentially indicating consolidation rather than a reversal.

Conversely, sentiment remains mixed. One artificial intelligence model, Grok, projected that PI could either drift sideways or reach $0.30‑$0.40 if catalysts align, or fall to $0.15‑$0.18 should selling continue. Another source noted that the token has defended the $0.20 threshold, implying a degree of stability in the face of market volatility.

Market Sentiment and Analyst Outlook

  • Price Forecasts: Several analysts maintain that PI’s trajectory for the quarter will remain within the $0.30‑$0.40 band, contingent upon the sustained momentum of user migration and the completion of KYC procedures.
  • Risk Factors: Persisting price decline post‑KYC rollout, as reported by a coinpedia.org article, raises concerns about underlying project fundamentals and the potential for a liquidity crunch.
  • Positive Indicators: The collective withdrawal of 10 million tokens from exchanges suggests a reduction in speculative supply and may lower volatility in the medium term.

Fundamental Position

With a market cap hovering around $1.71 billion, PI is positioned as a mid‑cap cryptocurrency. The asset’s recent price performance reflects its transitional phase from a primarily community‑driven initiative toward a more regulated ecosystem. The convergence of a large, verified user base and a strategic focus on security through KYC presents an opportunity for long‑term value creation, but short‑term volatility remains a factor.

This article synthesizes the most recent developments affecting Pi (PI) as of late October 2025, drawing exclusively from the provided news sources and fundamental data.