🔑 Key Takeaway
Pi Network's price today is hovering near all-time lows, driven by persistent sell pressure from token unlocks and a supply-demand imbalance. While the project maintains a large community and ongoing ecosystem development, the market is currently dominated by bearish technicals and low liquidity. Understanding the forces behind the price is essential before any decision.
Pi Network Price Today: A Snapshot
Current Price and Key Metrics
As of July 6, 2026, Pi Network (PI) is trading at approximately $0.1134 to $0.1362 across major exchanges, with a 24-hour trading volume of around $10 million to $11.8 million[reference:0][reference:1]. The price varies slightly by exchange, with MEXC reporting $0.1134[reference:3], Crypto.com showing $0.1362[reference:4], and CoinMarketCap listing $0.1292.
The token is currently sitting just 1.8% above its all-time low of $0.1114, reached in early July 2026[reference:6]. This represents a decline of approximately 96% to 97% from its peak of $2.98, which was reached shortly after the Open Mainnet launch in February 2025[reference:7][reference:8].
| Metric | Value | Source |
|---|---|---|
| Current Price (Range) | $0.1134 – $0.1362 | MEXC / Crypto.com / CMC |
| 24h Trading Volume | $10M – $11.8M | CoinMarketCap |
| Market Cap | $1.39B – $1.47B | CoinMarketCap / Crypto.com[reference:12] |
| Circulating Supply | 10.79B PI | CoinMarketCap |
| Max Supply | 100B PI | CoinMarketCap |
| All-Time High | $2.98 (Feb 2025) | CoinMarketCap |
| All-Time Low | $0.1114 (Jul 2026) | MEXC News[reference:16] |
All data is approximate and subject to rapid change. Verify current values on reliable platforms like CoinMarketCap or CoinGecko.
💡 Important: Pi Network remains in the Enclosed Mainnet phase, focusing on KYC processing and ecosystem building[reference:17]. The Open Mainnet launched in February 2025, but the project is still transitioning[reference:18]. This creates ongoing uncertainty around the token's utility and long-term value.
Understanding Pi's Volatility
Why Pi Moves So Much
Pi Network's price is characterized by extreme volatility, even by cryptocurrency standards. Several structural factors contribute to this:
- Low liquidity: With a 24-hour volume of around $10 million and a market cap of $1.4 billion, the volume-to-market-cap ratio is under 1%. This means even modest buy or sell orders can move the price significantly.
- Thin order books: On many exchanges, the depth is limited. For example, on MEXC, the +2% depth is only $35,000[reference:20], meaning a relatively small order can push the price up or down substantially.
- Token unlocks: Every month, millions of PI tokens are released to early miners who acquired them at zero cost[reference:21]. These holders have little incentive to hold, creating persistent sell pressure[reference:22].
- Speculative sentiment: Pi's price is driven more by narrative and hype than by fundamentals. News about mainnet updates, exchange listings, or ecosystem developments can trigger sharp moves.
Measuring Volatility
Key volatility indicators for Pi include:
- Average True Range (ATR): Given the recent price action, the ATR is likely elevated, reflecting the wide daily ranges.
- Daily percentage moves: Pi has seen daily swings of 5-10% or more, with occasional spikes of 20%+ during news events.
- Futures market activity: Significant short positions have been built due to the sustained downtrend, creating conditions for periodic short squeezes[reference:23].
⚠️ Caution: High volatility cuts both ways. While it can offer trading opportunities, it also means that losses can accumulate rapidly. Never trade Pi with funds you cannot afford to lose.
Volume and Liquidity Dynamics
Where Pi Trades
PI is traded on a short list of centralized exchanges, with OKX, Kraken, Bitget, Gate, and MEXC handling almost all of the volume. Kraken offers a PI/USD spot pair, making it the cleanest on-ramp for US holders. OKX provides the deepest PI/USDT liquidity.
Notably, Binance and Coinbase do not currently list PI. Binance has cited transparency and disclosure issues, pointing to the closed-source blockchain code and lack of independent security audits. This keeps a ceiling on accessible liquidity.
Volume Patterns
Daily volume has been relatively stable, averaging around $10 million[reference:29]. However, volume spikes often coincide with:
- Large token unlock events
- Exchange listing announcements
- Mainnet or protocol upgrade news
- Broader crypto market movements
Liquidity Risks
The thin liquidity environment creates several risks:
- Slippage: Large orders can move the price significantly, resulting in unfavorable execution prices.
- Wide spreads: The bid-ask spread can be wide, especially during low-volume periods.
- Price discrepancies: Prices can vary significantly across exchanges, creating arbitrage opportunities but also confusion.
💡 Pro tip: When trading Pi, use limit orders rather than market orders to avoid slippage. Compare prices across multiple exchanges before executing a trade.
Valuation Metrics: Market Cap & Supply
Market Cap vs. Fully Diluted Valuation
Pi Network's market cap is approximately $1.39 billion based on a circulating supply of 10.79 billion PI. However, the fully diluted valuation (FDV) — which assumes all 100 billion tokens are in circulation — is around $12.9 billion. This 10x difference highlights the potential dilution risk as more tokens enter circulation.
The Supply Problem
Pi has a max supply of 100 billion tokens, with a circulating supply of only 10.79 billion. This means that over 89% of the total supply is yet to be released. Monthly unlocks are releasing millions of tokens to early miners, creating a persistent overhang of supply[reference:34].
According to recent data, June 2026 saw more than 163 million PI enter circulation, averaging more than 5 million daily[reference:35]. The largest single release was on June 11[reference:36]. This supply is hitting weak demand and thin liquidity, which is a primary driver of the price decline[reference:37].
Why Valuation Matters
For Pi to sustain a higher price, demand must absorb the ongoing supply. Currently, the market is struggling to do so[reference:38]. Until the unlock schedule slows down or demand picks up significantly, the token faces structural headwinds.
⚠️ Important: The high FDV relative to market cap is a red flag for many investors. It suggests that the current price may not be sustainable if a large portion of the supply eventually enters the market.
Reading the Chart: Key Levels
Current Technical Picture
Pi Network's price chart shows a strong downtrend that began after the Open Mainnet launch in February 2025[reference:39]. The token has made a series of lower highs and lower lows, with the most recent low of $0.1114 set in early July 2026[reference:40].
Key technical observations:
- Below all major EMAs: PI remains below the 20-day, 50-day, 100-day, and 200-day exponential moving averages[reference:41], indicating that the trend still favors sellers.
- RSI recovery: The Relative Strength Index (RSI) has recovered to 47.7, hinting at easing panic[reference:42]. However, volume-backed demand is needed to confirm a durable bottom[reference:43].
- Resistance levels: The first major resistance is around $0.145, which bulls need to reclaim to change the mechanical setup[reference:44]. Above that, the 20-day EMA offers further resistance.
- Support levels: The all-time low of $0.1114 is the immediate support. A break below could open the door to further downside.
What Would Change the Trend?
For Pi to reverse its downtrend, several things need to happen:
- Sustained volume: A significant increase in buying volume would signal genuine demand.
- Breaking above key EMAs: Closing above the 20-day and 50-day EMAs would be a strong bullish signal.
- Absorbing unlocks: If the price can absorb the next unlock without breaking lower, that would be a real bottoming signal[reference:45].
- Positive news catalysts: Major ecosystem developments or exchange listings could shift sentiment.
⚠️ Caution: Technical analysis is not a crystal ball. Prices can break through support or resistance levels unexpectedly. Always use stop-loss orders and manage your risk.
Data Sources and Price Verification
Where to Find Reliable Price Data
Given the price variations across exchanges, it's essential to use reliable data sources. Recommended platforms include:
- CoinMarketCap (coinmarketcap.com/currencies/pi) — provides a volume-weighted average price
- CoinGecko (coingecko.com/en/coins/pi-network) — offers cross-exchange price data
- Crypto.com Price Index — provides real-time price and market data[reference:47]
- Binance (binance.com/en/price/pinetwork) — offers live PI/USD price
- MEXC — provides real-time PI/USD conversion[reference:49]
Price Discrepancies
Prices can vary across exchanges due to differences in liquidity, order books, and regional factors. For example, at the time of writing:
- MEXC reported $0.1134[reference:50]
- Crypto.com reported $0.1362[reference:51]
- CoinMarketCap reported $0.1292
This variation highlights the importance of using a volume-weighted average price from a trusted aggregator. Never rely on a single exchange's price.
Verifying Token Unlock Data
Token unlock schedules are critical for understanding supply dynamics. These can be tracked on:
- CoinMarketCap's Pi page (under "Token Unlocks")
- Glassnode's Pi Network metrics[reference:54]
- Community-driven unlock trackers on platforms like X (formerly Twitter)
💡 Pro tip: Always cross-reference price data from at least three sources before making any trading decision. Price discrepancies can be an opportunity or a warning sign.
Volatility Scenarios and Timing Risks
Scenario 1: The Bearish Case
If selling pressure continues and the market fails to absorb the upcoming token unlocks, Pi could break below its all-time low of $0.1114[reference:55]. A break below this level could open the door to a move toward $0.10 or lower. This scenario is driven by:
- Ongoing miner selling (zero-cost basis)[reference:56]
- Weak demand from new buyers
- Broader crypto market weakness
- Negative news or regulatory developments
Scenario 2: The Bullish Case
If Pi can absorb the next unlock without breaking lower, that would be a real bottoming signal[reference:57]. A bullish reversal would require:
- Sustained buying volume
- Breaking above the 20-day EMA (around $0.145)[reference:58]
- Positive news catalysts (e.g., major exchange listing, ecosystem milestone)
- A broader crypto market recovery
Scenario 3: The Sideways Scenario
Given the current environment, Pi could also enter a consolidation phase, trading in a range between $0.11 and $0.15. This would be characterized by:
- Low volatility
- Balanced buying and selling pressure
- Lack of major news catalysts
Timing Risks
Attempting to time the bottom of Pi's price is extremely risky. Key timing risks include:
- Unlock schedules: Token unlocks are predictable, but their impact on price is not. A large unlock could cause a sudden drop.
- News events: Exchange listings, mainnet updates, or ecosystem announcements can trigger sharp, unpredictable moves.
- Market sentiment: Pi's price is heavily influenced by sentiment, which can shift rapidly.
- Liquidity shocks: In a low-liquidity environment, a single large order can move the price dramatically.
⚠️ Critical: Timing the market is notoriously difficult. Even experienced traders struggle to predict short-term price movements. The safest approach is to manage your risk rather than try to time the perfect entry.
Practical Checklist & Scenario
Scenario: Evaluating Pi's Price Before a Trade
The Situation: You are considering a small position in Pi Network. You want to evaluate the current price, volume, and risks before making a decision.
Step 1: Check the Price
You open CoinMarketCap and see PI at $0.1292. You cross-check with Crypto.com ($0.1362)[reference:60] and MEXC ($0.1134)[reference:61]. You note the price variation and decide to use the volume-weighted average.
Step 2: Assess Volume and Liquidity
You check the 24-hour volume, which is around $10 million. You note that the volume-to-market-cap ratio is under 1%, indicating low liquidity. You check the order book depth on MEXC and see that the +2% depth is only $35,000[reference:63] — a red flag for slippage.
Step 3: Review the Supply Situation
You look at the token unlock schedule and see that millions of PI are being released monthly[reference:64]. You understand that this creates persistent sell pressure[reference:65].
Step 4: Check the Technical Picture
You see that PI is below all major EMAs[reference:66] and is hovering near its all-time low of $0.1114[reference:67]. The RSI is recovering but still below 50[reference:68].
Step 5: Make a Decision
Based on your evaluation, you decide that Pi is a high-risk, high-uncertainty trade. You decide to wait for a clearer signal (e.g., a break above $0.145 or a significant volume spike) before entering a position.
This scenario is illustrative. Always adapt your evaluation to the specific market conditions and your own risk tolerance.
✅ Pi Price Analysis Checklist
- Check the current price on at least three reliable sources (CoinMarketCap, CoinGecko, exchange).
- Note the price range and variation across exchanges.
- Verify the 24-hour trading volume and volume-to-market-cap ratio.
- Review the order book depth on your chosen exchange.
- Check the token unlock schedule for the current and upcoming months.
- Assess the technical picture — is PI above or below key moving averages?
- Identify key support and resistance levels (e.g., $0.1114 and $0.145).
- Monitor news and announcements that could affect the price.
- Set a clear entry and exit plan with stop-loss and take-profit levels.
- Never invest more than you can afford to lose entirely.
Common Mistakes & Risk Warning
Common Mistakes When Trading Pi
- Ignoring the supply overhang: Many traders underestimate the impact of token unlocks on price[reference:69].
- Trading without a stop-loss: Given the volatility, a sudden drop can wipe out gains quickly.
- Relying on a single price source: Price discrepancies across exchanges can be misleading[reference:70].
- FOMO (Fear of Missing Out): Entering a trade based on hype without proper analysis is a common mistake.
- Overlooking the low liquidity: Thin order books can lead to significant slippage[reference:71].
- Confusing Pi with IOU tokens: Some platforms offer "Pi IOU" tokens that are not the actual PI token[reference:72]. Avoid these.
- Not verifying exchange legitimacy: Stick to exchanges listed on CoinMarketCap or CoinGecko.
- Ignoring the broader market context: Pi's price is influenced by the overall crypto market sentiment.
- Holding without a plan: Having a clear entry and exit strategy is essential.
- Failing to secure funds: Use hardware wallets for long-term storage and enable 2FA on exchanges.
⚠️ Important Risk Warning
This content is for educational and informational purposes only. It does not constitute financial, investment, legal, or tax advice. Pi Network and its native token PI carry significant risks:
- Price volatility: PI has experienced extreme price swings and may continue to do so.
- Liquidity risk: Low liquidity can result in significant slippage and difficulty exiting positions.
- Supply risk: Ongoing token unlocks create persistent sell pressure[reference:74].
- Project risk: Pi Network is still in a transitional phase, and its long-term viability is uncertain[reference:75].
- Regulatory risk: Cryptocurrency regulations are evolving and could impact Pi's availability or value.
- Exchange risk: PI is not listed on Binance or Coinbase, limiting liquidity and accessibility.
- Security risk: Always secure your private keys and use trusted exchanges.
You are solely responsible for your own decisions. Never invest money you cannot afford to lose. Consult with a licensed financial advisor before making any investment decisions. Past performance does not guarantee future results.
By using this guide, you acknowledge that you have read and understood these risks. Neither the publisher nor the author is liable for any losses incurred.
💡 Evergreen reminder: The cryptocurrency market moves fast. Prices, volumes, and unlock schedules can change rapidly. Always verify current data directly from official and trusted sources before making any decisions. Use this guide as a framework, not a substitute for your own research.
Frequently Asked Questions
Q: What is the price of Pi cryptocurrency today?
As of July 6, 2026, Pi Network (PI) is trading around $0.1134 to $0.1362 across major exchanges, with a 24-hour trading volume of approximately $10 million. The price varies slightly by exchange and time of day.
Q: Why is Pi Network's price so volatile?
Pi's price volatility stems from several factors: a low liquidity environment (thin order books), regular token unlocks that increase supply, speculative trading, and a relatively low market cap. Additionally, the project is still in the Enclosed Mainnet phase, which creates uncertainty.
Q: What is the market cap of Pi Network?
Pi Network's market cap is approximately $1.4 billion based on a circulating supply of about 10.8 billion PI. However, the fully diluted valuation (using the 100 billion max supply) is significantly higher at around $12.9 billion.
Q: Is Pi Network a scam?
Pi Network is a legitimate project founded by Stanford graduates, but it has been controversial. Critics point to the closed-source code, lack of independent security audits, and the project's extended Enclosed Mainnet phase. It is not a scam per se, but it carries significant risks.
Q: Where can I buy Pi cryptocurrency?
PI is traded on several centralized exchanges including MEXC, OKX, Kraken, Bitget, and Gate. Kraken offers a PI/USD pair for US users. Binance and Coinbase do not currently list PI. Always verify the exchange's legitimacy and avoid IOU tokens.
Q: What is the all-time high of Pi Network?
Pi Network's all-time high is approximately $2.98, reached shortly after the Open Mainnet launch in February 2025. The token has since fallen over 95% from that peak.
Q: How does Pi Network's token supply affect its price?
Pi has a max supply of 100 billion tokens, with a circulating supply of around 10.8 billion. Monthly unlocks release millions of tokens to early miners, creating consistent sell pressure. This supply overhang is a primary reason for the price decline.
Q: What is the difference between Pi Network's Enclosed Mainnet and Open Mainnet?
The Enclosed Mainnet is a transitional phase where the network operates but external connectivity is limited. The Open Mainnet, launched in February 2025, allowed external trading and connectivity. Pi Network is currently in the Enclosed Mainnet phase, focusing on KYC and ecosystem development.