Pi Network’s PI token enters October trading near $0.09 after a September that failed to follow the broader crypto market’s green wave. The token posted a 4% monthly decline and remains roughly 97% below its February 26, 2025 peak of $2.98, with CoinMarketCap data showing a market cap near $1.01 billion but only $5.41 million in 24-hour volume. On October 2, PI traded at $0.0903 on OKX spot, within a daily range of $0.08965 to $0.09183.
Three AI-driven chatbots offered cautious outlooks for the next four weeks. OpenAI’s ChatGPT expects volatility but a largely range-bound market between $0.08 and $0.11, with first resistance at $0.095–$0.10. A convincing breakout supported by stronger volume could open a path toward $0.12–$0.14, it said. Google’s Gemini forecast a slightly wider range of $0.09 to $0.13, with further upside only if the team resolves KYC verification issues and other user-related concerns. Perplexity was more bearish, arguing that a slide below $0.07 is a very real possibility and treating $0.10 as the key confirmation level; a sustained move above that could extend to $0.11–$0.12, but $0.12 is the highest target it set for the four-week period.
A potential catalyst is Protocol 28, which the Core Team is expected to deploy by October 13. The team said the upgrade improves how the network handles delays in transaction data and enables developers to upgrade groups of smart contracts at once and change stored data more safely as applications develop. It follows the recently completed Protocol 27 upgrade on the Mainnet.
However, ChatGPT also highlighted supply as the biggest risk, noting that a large amount of tokens are yet to be unlocked, which could increase selling pressure. That concern echoes reports that blamed holder selling and monthly token unlocks for a sharp slide in July, when PI closed 14.8% lower on July 13 and printed a low of $0.0703 the next day. The token later stabilized in a $0.080–$0.100 band and briefly spiked to $0.1109 on August 22 before closing back at $0.0904. Two bits of Pi news landed in the past week, including the OUSD deal, but the price ended the stretch about where it began.
