π Dashboard
Pi Coin Monitor · Analytics Dashboard 2026
Current Price · PI/USD
$0.2279
▲ +5.06%
24h
▼ 92.36% from ATH
▲ 73.63% from ATL
$2.19B
Market Cap
#41 CoinGecko
16.2M
Mainnet Migrations
▲ 17.7M KYC Verified
$36.11M
24h Volume
Vol/MktCap: 1.64%
9.66B
Circulating Supply
of 100B max · 9.66%
300+
Mainnet Apps
▲ 421K Active Nodes
Key Drivers
Supply Pressure · On-chain Data
Daily Unlock
4.6M
PI / day
≈ $1.05M/day (4.6M × $0.2279)
Source: PiScan · CoinMarketCap
PI on Exchanges (CEX)
~435M
PI
≈ $99M · 4.48% of circulating supply
Source: PiScan · CoinMarketCap
CEX Net Outflow (24h)
-2.88M
net PI (Sep 2025)
Historical data. Outflow > Inflow = accumulation.
PiScan via FXStreet · Sep 2025
Supply / Demand Ratio
2.9%
pressure
Calculated: unlock ($1.05M) / volume ($36.1M)
Below 1% manageable · 1–3% tension · above 5% critical
⚠ CEX reserves at record 451M — watch closely
⚠ CEX reserves at record 451M — watch closely
CEX Reserves · ~435M PI (≈$99M)
Kraken (New)
Pending PI
Gate.io
225.5M PI
Bitget
144.6M PI
MEXC + OKX + Others
48.6M PI
⚠ Gate.io holds 53.8% — high concentration
PiScan · HOKANEWS
* OKX: 6.0M · MEXC: 42.5M
* OKX: 6.0M · MEXC: 42.5M
CEX Flows · Recent History
20 Feb 26
-800K net
24 Feb 26
-778K net
Sep 2025
-2.88M net
9 Mar 26
+3.34M net
Inflow
Outflow
PiScan · DailyCoin · FXStreet
Conversion Funnel · Users → Real Economy
01 · Base
Registered
70M+
100%
02 · KYC
KYC Verified
17.7M
25.3%
▼ −74.7% dropped
03 · Mainnet
Migrated
16.2M
23.1%
▼ −14.7% vs KYC
04 · Active*
dApp Users
~2.5M
~3.6%
▼ −84.5% vs migrated
05 · Economy*
Merchant
~5K
0.007%
▼ Critical bottleneck
Comparative scale (based on 70M registered)
Registered
70M
Verified
17.7M
Migrated
16.2M
dApp Users*
~2.5M
Merchant*
~5K
⚠️
Partially estimated data
Steps 1–3: official sources (Pi Core Team). Steps 4–5 (*): community estimates, not independently verified. Source: Pi Core Team · CoinDCX · Bitget Academy.
Catalyst Timeline · Q1-Q2 2026
Mar 14, 2026 · Yesterday
Pi Day 2026 ✓
Smart contracts v23 roadmap released
Mar 15, 2026 · Today
Network Health Check
Post-launch node synchronization
Late Mar 2026
KYC Validator Rewards
Distribution to network contributors
Q2 2026
Protocol v23.0
Rust smart contracts · Mainnet expansion
Q2–Q3 2026
Binance? · MiCA?
Unconfirmed. Game-changer if they happen.
Catalysts Not Yet Priced In
🏦
Coinbase/Binance?
Kraken listing paves way for other Tier-1 CEXs in 2026.
🤖
OpenMind AI
PoC completed. 421K nodes for distributed AI training.
🎮
Mainnet Apps 300+
Ecosystem scaling beyond testing. Real utility phase.
📜
Protocol v23
Smart contracts will enable DeFi on Pi Network.
💱
Fiat Wallet Integration
PI↔fiat conversion in wallet.
If it works, Pi becomes a payment network.
If it works, Pi becomes a payment network.
The 3 Metrics That Will Decide Pi's Fate · Next 90 Days
📊
Volume Post-Kraken
$100M+?
Today: $36M. Above $100M = manageable. Below $50M = critical.
🏪
Active Merchants
~5K → 50K?
If merchants 10×, real on-chain transactions. Below 10K = insufficient.
🏦
CEX Net Flow
Outflow?
Net outflows = real accumulation. Inflows post-Pi Day = distribution.
Price History
PI/USD Performance · Feb 2025 – Mar 2026
$2.99
ATH · Feb 26, 2025
$0.13
ATL · Feb 11, 2026
$0.227863
Today · CoinGecko
| Month | Avg Price | Low | High | Mo. Change | 24h Volume (avg) | Key Event |
|---|---|---|---|---|---|---|
| Feb 2025 | $1.50 | $0.60 | $2.99 ★ ATH | Launch | ~$800M | Open Network launch (20 Feb) · ATH $2.99 (26 Feb) · Listing OKX, Gate |
| Mar 2025 | $1.20 | $0.90 | $1.85 | −20.0% | ~$280M | KYC deadline Sell pressure · Downtrend |
| Apr 2025 | $0.52 | $0.4012 (5 Apr) | $0.65 | −56.7% | ~$95M | ATL $0.40 · Token unlock Panic selling |
| May 2025 | $0.95 | $0.75 | $1.67 | +82.7% | ~$210M | Technical rebound Failed $1.67 rally |
| Jun 2025 | $0.68 | $0.62 | $0.74 | −28.4% | ~$120M | 100-day Open Network 13M migrated |
| Jul 2025 | $0.48 | $0.45 | $0.52 (Jul 22) | −29.4% | ~$85M | Massive unlocks $0.50 resistance |
| Aug 2025 | $0.40 | $0.3304 (ATL aug) | $0.50 | −16.7% | ~$60M | ATL $0.33 · Sideways Declining volume |
| Sep 2025 | $0.26 | $0.2234 (Sep 22) | $0.34 | −35.0% | ~$44M | ATL $0.22 · −92% ATH $0.30 resistance |
| Oct 2025 | $0.20 | $0.1585 (Oct 11) | $0.27 | −23.1% | ~$38M | ATL $0.1585 Fear & Greed: fear |
| Nov 2025 | $0.24 | $0.20 | $0.28 | +20.0% | ~$42M | Stabilization 17.7M KYC · 215+ mainnet apps |
| Dec 2025 | $0.21 | $0.19 | $0.23 | −12.5% | ~$31M | Close $0.2045 Minimum volume |
| Jan 2026 | $0.19 | $0.16 | $0.21 | −9.5% | ~$28M | Stable $0.20 1-year anniversary |
| Feb 2026 | $0.15 | $0.1312 ★ ATL (Feb 11) | $0.19 | −21.1% | ~$24M | ATL $0.1312 Upgrade v19.6 |
| Mar 2026 ← | $0.227863 ↑ | $0.1696 (4 Mar) | $0.2595 (12 Mar) | +52.0% | ~$36M | v20.2 live · Kraken 🚀 · Pi Day Mar 14 ✓ |
7 days
+34.10%
$0.1696 → $0.2279
30 days
+52.0%
$0.1500 → $0.2279
YTD 2026
+9.2%
$0.2090 → $0.2279
vs ATL
+73.63%
$0.1312 · 11 Feb 26
vs ATH
−92.36%
$2.99 · 26 Feb 25
12 months
−81.0%
$1.2000 → $0.2279
Exchange Prices & Volume
CoinGecko tickers
Exchange
Price
Vol 24h
Chg
Bitget
$0.2558
$3.86M
+5.3%
Gate.io
$0.2552
$13.01M
+9.5%
OKX
$0.2395
$12.51M
+1.9%
Crypto.com
$0.2272
$33.40M
+5.3%
CG Average
$0.2275
18 exch
+4.8%
Vol share (24h)
EMA Ladder
Price vs moving averages▲
EMA 200
+24.1%
▲
EMA 100
+18.0%
▲
EMA 50
+10.4%
▲
EMA 20
+3.8%
π
Price
$0.2279
RSI 66.9
✓ Price above all key EMAs — bullish structure
⚠ EMA values are estimates (CoinCodex) · Updated dynamically vs live price
⚠ EMA values are estimates (CoinCodex) · Updated dynamically vs live price
Key Metrics
$2.20B
Market Cap
$22.78B
FDV
$36.09M
24h Volume
9.66%
% Circulating
9.662B
Circ. Supply
17.7M
KYC Users
16.2M
Migrated
4.6M
Unlock/day
215+
Mainnet dApps
CoinGecko · CMC · PiScan · CoinCodex
Token Unlock Tracker
4.6M
PI unlocked / day
Constant and predictable selling pressure
97–187M
March 2026 Unlock
97M (PiScan lock) + mining/migration
1.21B
Total 2026 Unlock
Declining trend: 136M Jan → 85M Apr
9.66%
Circulating Supply
9.66B of 100B max supply
Risks & Red Flags
External Criticism
Justin Bons · CyberCapital
March 8, 2026
Mining MLM-style
Centralized
Stellar fork without VM
China/Vietnam warning
Ben Zhou · CEO Bybit
2023/2025
Targeting elderly
Personal data leak
Financial losses
Counter-arguments
Pi Core Team + Community
100M+ download
Kraken tier-1 (13 Mar)
17.7M KYC verified
v20.2 live
Data Discrepancy
PiScan vs Community
Red Flags — Exit if you see this
DAW declining for 3 months
Daily active wallets declining consecutively despite positive announcements = narrative without real usage.
Team selling the 20B PI
Significant liquidation of Core Team holdings = insider selling. The most dangerous signal of all.
No DEX by 2026
The DEX is a prerequisite for DeFi, liquidity and real utility. A delay past end of 2026 is an execution failure.
Exchanges above 800M–1B PI
Deposits still rising. No rally can sustain this structural selling pressure.
GitHub inactive 60+ days
Silence on the repository = frozen development. When the team stops building, the project is over.
No tier-1 exchange by 2027
Absence of Binance/Coinbase after 2 years of mainnet = structural signal that something is wrong with the project.
Project Structure
Supply Distribution (100 billion tokens)
Community Mining
65%
Core Team
20%
Foundation
10%
Eco. Liquidity
5%
⚠ Key Risk: No burn mechanism.
2026 projected unlock: ~1.21B tokens (+4.6M/day). March: 187.5M tokens unlocked = 2.3% of circulating market cap.
Competitive Comparison
Multi-dimensional Project Analysis (score 0–10)
Community Base
7 / 10
Team & Credibility
6 / 10
Technology (SCP + Rust)
6 / 10
Regulation
5 / 10
Real Adoption
2 / 10
DeFi Ecosystem
1 / 10
The radar reveals the core paradox of Pi: 17.7M KYC users but only 0.1% daily active. Community score lowered from 9 to 7: size matters less than real activation.
Parameters to Monitor
Daily Active Wallets
Not publicly available
Active Merchants / Registered
~58K of ~125K · unverified
PI on Exchanges
Critical threshold: 800M–1B
TVL in DEX
DEX still in Testnet
KPI #01 — Tier 1
⚠ Critical
Daily Active Wallets (DAW)
N/D
Data not publicly available. Block explorer does not provide DAW.
Huge gap between registered users and actual active users.
KPI #03 — Tier 1
👁 Watch
Active Merchants / Registered
~46%*
58,000 active of 125,000 registered.
Health target: exceed 70%.
KPI #05 — Tier 2
⚠ High risk
PI on Exchanges
451M
Every PI on an exchange is ready to be sold. Record high (Mar 12).
Critical threshold: 800M–1 billion.
KPI #08 — Tier 2
⚠ Not live
TVL in DEX
$0
DEX still in Testnet (Protocol v23).
Minimum target first 6 months: $10M+.
KPI #04 — Tier 1
⚠ Critical
Daily On-Chain Transactions
<100K
Bitcoin: 500K · Solana: 50M · Pi needs to grow 10–100× to become relevant.
KPI #09 — Tier 3
👁 Expected
Tier-1 Exchange Listing
0 / 2
No Binance or Coinbase listing confirmed.
Critical deadline: by 2027.
Price Projection 2026–2036
Line chart with three price scenarios for Pi Network from 2026 to 2036. Bullish scenario: from $0.23 up to $50. Base scenario: up to $20. Bearish scenario: below $1.
Year-by-year forecast table
| Year | Phase | Bear 🐻 | Base 📊 | Bull 🚀 | Key Catalysts |
|---|---|---|---|---|---|
| 2026 | Critical | $0.05 – 0.12 | $0.20 – 0.50 | $0.50 – 1.50 | DEX launch · Pi Day · Token unlock 1.2B · Binance? |
| 2027 | Transition | $0.03 – 0.10 | $0.40 – 1.00 | $1.00 – 3.00 | KYC completed · 200K+ merchants · Smart contracts live |
| 2028 | Transition | $0.05 – 0.15 | $0.80 – 2.00 | $2.00 – 5.00 | DeFi ecosystem · Bull cycle crypto · MiCA Europe |
| 2029 | Growth | $0.10 – 0.30 | $1.50 – 4.00 | $4.00 – 8.00 | RWA integration · Institutional partnerships |
| 2030 | Growth | $0.10 – 0.40 | $2.00 – 6.00 | $8.00 – 15.00 | Mass adoption · 50M+ active wallets possible |
| 2031 – 32 | Maturity | $0.15 – 0.80 | $3.00 – 10.00 | $10.00 – 28.00 | Deflationary mining · Self-sufficient ecosystem |
| 2033 – 34 | Maturity | $0.30 – 1.20 | $5.00 – 14.00 | $20.00 – 40.00 | Global payments · Established brand · Bull cycle |
| 2035 – 36 | Maturity | $0.10 – 1.00 | $7.00 – 20.00 | $35.00 – 50.00 | Possible burn governance · Mature ecosystem or definitive exit |
⚠ Market Cap Caveat: The 2035 bull case ($35–50) would require a fully diluted market cap of $3.5T–5T, exceeding Bitcoin's current peak. This scenario is extremely unlikely without a fundamental shift in global crypto adoption. All long-term forecasts are purely hypothetical.
Verdict
5.0
/ 10 score
Score revised down after data verification. Real potential but confirmed structural risks.
The Kraken listing (Mar 13) is the first real tier-1 catalyst — a concrete step that could change liquidity dynamics. However, the criticisms from Bons and Zhou on centralization, the gap between 421K declared nodes and 296 real mainnet (PiScan), the 4.6M tokens unlocked every day, and CEX reserves at a record 451M PI keep the risk elevated.
The radar revised to 5.0/10 reflects: Community lowered from 9 to 7 (17.7M users but only 0.1% active); Team from 7 to 6 (centralization criticized). The base scenario remains $0.40–0.57 by end of 2026 if the DEX works and supply is absorbed.
Recommendation unchanged: only capital you can afford to lose entirely. The Kraken listing is a decisive test — if it does not generate sustained volume within 30 days, the bear case strengthens. Use the quarterly checklist.