Pi Network Faces Price Volatility Amid Banxa Account Operations

The price of Pi Coin from Pi Network fluctuated on April 18, 2025, following suspicious account creation activities reported by analyst Dr. Altcoin. This event highlights the potential risks associated with market manipulation and its consequences for the stability of the token, prompting closer oversight among community members. Pi Network, aiming for widespread consumer acceptance, has encountered unexpected market turmoil. Accounts created with exactly 0.98 Pi have raised concerns, but the closed mainnet of this network limits public blockchain analysis. Banxa's acquisition of Pi for $19 million demonstrates the organization's confidence in an uncertain market context. "Banxa is creating many new accounts, each with a balance of 0.98 Pi. This could lead to price volatility." - Dr. Altcoin, Cryptocurrency Analyst The market reaction indicates a daily increase of 10%, but trading volume has decreased by 29.5%. Trading remains speculative as IOUs drive the market rather than open trading. Muhammad Waqas Abbasi, a cryptocurrency commentator, said, "Pi is still in a closed Mainnet (not fully open for free trading). The price of Pi is currently determined by IOU, not by open market trading. If the Mainnet launches with a large circulating supply, the price may stabilize or decrease." The trust of organizations continues, although the market is not yet fully stable. The long-term impact on the Pi Network depends on upcoming developments, highlighting the importance of transparency. Money laundering transactions in history show the ability to adjust if market forces truly prevail. Market participants are advised to monitor all updates for signs of stability or further volatility.