On August 6, the Pi Network team announced via X (formerly Twitter) that the deadline for the ongoing .pi domain auction has been extended to September 30, 2025. Originally set for June 28, 2025, the new date is meant to give Pioneers—developers and users—more time to build dApps and creatively utilize domain names.
Source: X
This sudden extension has sparked speculation within the Network community. Many believe there’s more to the delay than just giving developers extra time.
According to Dr. Altcoin, the upcoming Stellar Protocol 23 mainnet vote on September 3 could be the key reason behind the extension. Since the Network is built on Stellar-core, the new protocol will enable features like smart contracts, faster transactions, and Web3 support. Waiting for this upgrade may allow Pi Network to roll out the .pi domains on a more scalable and efficient infrastructure.
Source: X
Interestingly, the team is planning to leap directly from Protocol 19 to Protocol 23, bypassing intermediate versions. This is technically feasible as long as the skipped upgrades are properly integrated. With a strong developer team and a $100 million ecosystem fund backing the project, the transition seems achievable.
Adding to the positive developments, the Network has partnered with TransFi, a global payment platform that supports over 50 fiat currencies and 200+ local payment systems. TransFi’s API and BizPay solution could help the Coin gain more real-world use—especially in emerging markets—by enabling seamless cross-border payments.
Another major reason for community chatter is speculation around a potential Binance listing. While nothing has been confirmed, some users believe the auction delay could be part of a larger strategy that includes getting listed on Binance—possibly around August 15. This is just a speculation as no official announcement has been made.
However, in contrast to the excitement, Pi Coin’s price is falling. Over the past 24 hours, the coin dropped 5%, hitting a new all-time low of $0.335 before slightly recovering to $0.3398. In the past week, it has lost nearly 20% of its value, leaving many investors frustrated and asking, “Why is Pi Coin crashing today?”
Source: TradingView
Bullish scenario: If it manages to recover and break the $0.45 resistance with strong volume, it could jump to $0.55, and possibly test $0.75–$1.00 if momentum builds.
Bearish scenario: If it fails to hold above $0.33, it could slide to $0.30, and if pressure continues, fall further to $0.20 or $0.15. With the RSI currently near 24, the market shows oversold conditions and weak buyer interest.
The auction delay may be a strategic move, aligning with Stellar upgrades, new partnerships, and possible exchange listings. While the current price action is disappointing, the Network’s next technical leap could shift sentiment dramatically.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always DYOR (Do Your Own Research).
Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.