What is Pikamoon (PIKA) crypto coin? The full story behind the rebranded Orbio token

When you hear "Pikamoon (PIKA)" today, you're not just looking at a crypto coin-you're staring at the ghost of a project that changed its identity. Pikamoon was once a bold play-to-earn game built on Ethereum, promising players a world called Dreva where they could collect, train, and battle creature NFTs across six elemental regions. But as of October 2025, Pikamoon no longer exists as a token. It has been fully rebranded to Orbio (ORBIO), and the old PIKA contract is dead. If you're trying to understand what happened to Pikamoon, you need to know the full story: the hype, the crash, the rebrand, and whether there’s anything left worth chasing.

The rise of Pikamoon: A gaming dream with shaky foundations

Pikamoon launched in November 2022 by three anonymous developers who wanted to build what they called a "AAA-grade" blockchain game. Unlike many crypto projects that just slapped a token on a basic game, Pikamoon promised deep mechanics: creatures with elemental strengths (fire, water, earth, etc.), a battle arena called "The Nexus," and a virtual economy where players earned PIKA tokens by winning fights, completing quests, and trading NFTs. The game’s world, Dreva, had lore, maps, and even seasonal events. It felt like a real game-until the tokenomics started unraveling.

The PIKA token had a max supply of 50 billion coins. It was sold during an ICO from April 2023 to February 2024 at $0.0002 per token. Early buyers saw quick gains. By March 2024, PIKA hit an all-time high of $0.00387. That’s a 1,835% surge in under a year. The hype spread across Reddit, YouTube, and Discord. Thousands bought in, thinking they were investing in the next Axie Infinity.

But here’s the problem: the game never caught on at scale. DappRadar showed monthly active users peaked at 12,500 in March 2024. By October 2025, that number had collapsed to 1,850. The game was fun for a small group of hardcore fans, but it didn’t attract mainstream players. And without real users, the token’s value had nothing to hold onto.

The crash: Why PIKA lost 95% of its value

After the March 2024 peak, PIKA started a long, slow fall. By September 2025, it had dropped to $0.00006850-a 98% loss from its peak. Trading volume dried up. Most exchanges delisted it. Only MEXC still offered it in any meaningful volume. The market cap, which once hovered near $100 million, fell to $2.8 million by November 2025.

The community noticed. Reddit threads filled with anger. Users accused the team of a "rug pull." Trustpilot reviews averaged just 2.1 out of 5. One user wrote: "I spent $3,000 on Pikamoon NFTs. Now they’re worth $400. No updates. No support. Just silence." The numbers told the same story. Discord members dropped from 45,000 to 8,200. Daily active users fell from 3,200 to just 450. The team stopped posting regular updates. The website became outdated. Support tickets took over 8 hours to get answered-up from 15 minutes in early 2024.

The rebrand: Pikamoon becomes Orbio

On October 15, 2025, the team quietly completed a full contract migration. PIKA was replaced by ORBIO. The old token was burned. Users had to manually go through a 5-step process to swap their PIKA for ORBIO: connect wallet, approve burn, wait for confirmation, claim new tokens, verify balance.

But here’s the catch: the migration was messy. Over 30% of users reported failed transactions. Ledger hardware wallet users hit compatibility walls. The official Pikamoon.io website was only 60% updated. Many people lost tokens because they didn’t follow the steps correctly.

The team claimed the rebrand was about "technical upgrades and a fresh start." They said Orbio would bring cross-chain support, better graphics, and integration with major gaming platforms. But with no clear roadmap, no team names, and no demo footage, most investors saw it as a way to reset the token price and escape blame.

Is Orbio (ORBIO) any different?

Technically, yes. The new token runs on a different contract. The roadmap promises Phase 2 (Q1 2026) will add new gameplay features and cross-chain compatibility. Phase 3 (Q3 2026) aims to bring Orbio to Steam or Epic Games Store. Sounds good-on paper.

But the track record is terrible. Pikamoon spent nearly three years promising an "AAA-grade" game. It never delivered. The graphics were basic. The battles were repetitive. The economy was unstable. Players couldn’t reliably earn enough to cover their initial NFT costs.

Analysts are split. Mark Johnson, a crypto gaming analyst, thinks Orbio has a 40% chance of survival-if they deliver real gameplay improvements within six months. Delphi Digital gives it only a 35% chance of lasting past 2027. The Blockchain Gaming Alliance rates it "medium risk," noting the game design had potential but the tokenomics were poorly managed.

The SEC has already flagged Pikamoon as a possible security under its February 2025 framework. That may have forced the rebrand. If Orbio is still centralized, poorly documented, and lacks real user adoption, it could face legal pressure too.

What should you do if you still hold PIKA?

If you own PIKA tokens, you need to act. The old contract is no longer active. If you don’t swap to ORBIO, your tokens are worthless. Here’s what to do:

1. Go to the official migration page on pikamoon.io/migrate (verify the URL carefully-scammers are active).
2. Connect your wallet (MetaMask works best; Ledger has issues).
3. Approve the burn of your PIKA tokens.
4. Wait for the system to process the burn (this can take 10-30 minutes).
5. Claim your ORBIO tokens. Check your wallet balance after 1 hour.

If you get stuck, check the official Discord. But don’t expect fast help. Response times are still over 8 hours.

Is Pikamoon/Orbio worth investing in now?

Short answer: No-for most people.

The token’s price is stuck at $0.000149. Even if it doubles, you’re still talking about a coin worth less than a penny. The market cap is tiny. Liquidity is near zero. You can’t easily buy or sell large amounts without crashing the price.

The only scenario where this might make sense is if you’re a hardcore gamer who already owns NFTs and believes the team will finally deliver a great game in 2026. Even then, you’re betting on a team that’s broken trust twice: once by failing to deliver the game, and again by rebranding without clear communication.

Compare it to Axie Infinity, which had a $547 million market cap in November 2025. Pikamoon’s entire value is less than 0.5% of that. Axie had real players, real revenue, and real updates. Pikamoon had hype and a token.

Final verdict: A cautionary tale

Pikamoon was never a scam in the traditional sense. It had a real game, real code, and real fans. But it was a classic case of a crypto project prioritizing token speculation over player experience. The team raised money, built a fun prototype, and then let the token price become the only goal.

The rebrand to Orbio doesn’t fix that. It just resets the clock. Without transparency, without a proven team, and without a working product, there’s no reason to believe this time will be different.

If you’re looking for a play-to-earn game that actually works, look elsewhere. If you’re holding PIKA, swap it to ORBIO and move on. Don’t chase dead coins. And never invest in a crypto project just because its price went up last year. The real value is in the game-not the ticker symbol.