Pi Network (PI) claimed a surge in ecosystem development, with over 34,800 apps built using its AI-powered App Studio and more than 37 million tokens staked across 1,450+ decentralized tools. The spike in activity followed June’s Pi2Day 2025 challenge and has been touted as proof of real-world utility finally taking shape.
But the market isn’t buying it.
Despite the burst of innovation, PI coin remains locked in a tight range below $0.45, while speculative chart predictions and influencer hype continue to outpace any real price discovery or liquidity traction.
Pi Network Highlights Internal Growth Push
Pi Network claims its ecosystem is gaining traction. In a July 18 blog post, the team said over 34,800 Pioneers created at least one app using the newly launched AI-powered Pi App Studio. The surge followed the Pi2Day 2025 Challenge, held from June 28 to July 7. The challenge reportedly attracted 2.6 million participants, with 761,000 completing all steps.

The App Studio’s no-code tools allowed users to deploy chatbot-based or custom decentralized applications. The team highlighted games like FlapPi Bird and tools like BLACKHOLE as community-built products that showcase the network’s builder-first strategy.

The team revealed that users staked over 37 million Pi tokens across over 1,450 apps, with 16,700+ participants locking tokens to support projects in the Ecosystem Directory. The staking feature ranks apps based on support, mimicking a decentralized discovery system powered by community demand.
The network is positioning this development burst as a sign of evolving real-world utility. With mainnet now open, and core tools in place, the project’s messaging has shifted from mining to building. But while app growth has accelerated, it hasn’t yet translated into broader traction beyond the existing user base.
Analysts Project Breakouts, But Market Refuses to Follow
Pi Network has faced a continued downtrend, with the Pi Network coin price forming lower and lower highs ever since the project’s mainnet launch in Feb. 2025. However, analysts recently shared contrasting takes on Pi’s post-Pi2Day price structure.

Crypto analyst Weslad shared a TradingView post that proposed an aggressive structure. His chart featured a descending triangle forming around the $0.38 base, with a WXY corrective wave projecting a final low near $0.16. From there, Weslad predicted an optimistic multi-leg recovery to $0.92, $3.04, and eventually $25.
The projection relies on long-term wave symmetry and trendline breakouts. However, the entire setup lacks real world confirmation—Pi has shown no breakout, no demand spike, and no structural reversal.

Another analyst, Aaryamann Shrivastava, took a conservative, horizontal approach. Shrivastava identified $0.45 as the key barrier and highlighted the risk of Pi falling back to its all-time low of $0.40.
According to Shrivastava, a breakout above $0.45 could trigger a minor rally to $0.49, but unless that level flips into support, the price remains vulnerable. He emphasized Pi’s ongoing downtrend and noted the lack of meaningful support over the last two months.

Despite their differences, both charts hinged on the same unresolved issue: Pi has failed to flip $0.45 into support. Since early July, every attempt to break that level has stalled. Volume remains muted across major exchanges, and Pi’s price action continues to respect the triangle’s boundaries.
Without a confirmed breakout, bullish patterns remain unvalidated. Structural projections will not hold unless Pi reclaims lost ground with conviction—something the charts clearly have yet to show.