Pi Network’s May 2025 Outlook: Mainnet Launch or Another Delay?

Pi Network’s long-awaited May 2025 could finally deliver the open mainnet launch—or become another chapter in crypto’s hall of broken promises. Here’s what to watch:

The Mainnet Countdown (For Real This Time?)

After years of ’testnet phase’ extensions, Pi’s core team faces make-or-break pressure to transition from IOU trading to real blockchain utility. Exchange listings hinge on this milestone.

Mining Rewards Cliff

Early adopters brace for another halving event. Will slashed token issuance boost scarcity—or expose Pi’s Achilles’ heel of speculative demand without real-world use cases?

Regulatory Shadowboxing

SEC scrutiny intensifies as Pi’s ’mobile mining’ model walks the line between viral growth and potential security classification. A May surprise crackdown could freeze withdrawals faster than a DeFi hack.

Pi either graduates to Ethereum-killer status this month or joins the graveyard of ’the next Bitcoin’ projects that forgot to ship. Wall Street sharks are already circling—whether to short the hype or FOMO into an actual product launch remains the billion-Pi question.

Technical indicators such as the Chaikin Money Flow (CMF) show that money is still coming into Pi. Nonetheless, the general flow is negative, indicating that selling pressure exceeds buying desire. This means that any minor gains are being wiped out by subsequent sell-offs.

Pi’s Relative Strength Index (RSI) is at 38, nearing oversold territory, and the MACD is about to turn negative. Both factors point to a probable further downturn. The coin has been trading in a sideways band of $0.59 to $0.67, but it is now testing the lower end, threatening a drop to $0.5192 or perhaps it’s all-time low of $0.40.

In April alone, 21.4 million PI tokens (worth over $12 million) were unlocked. In the following year, monthly unlocks will average 131 million tokens, adding circulating supply and threatening further price declines unless demand increases. Without a token burn or significant ecosystem update, selling pressure will continue to be strong.

In spite of the bearish sentiment, Pi can still recover if it can break above $0.8727 and establish it as support. That would indicate a potential trend reversal.

But to achieve that, the project must demonstrate its long-term worth with actual use cases and better market access. What Pi Network needs is a utility first approach and meaning full integrations in retail and defi both sectors.

May 2025 may not be the time for Pi to moon but it needs to be the the time where Pi matures.

Also Read: ‘Life of Pi’ fans: How Pi Network gave Birth to GCV Movement