Pi Network

Today's state: Pi Network is trading at $0.088456 with a $1.0 billion market capitalization (rank #49). The price moved -0.66% over the past 24 hours and is +6.80% over 7 days; the 30-day move stands at -10.00% and the 90-day at +0.00%.

Position vs cycle: A drawdown of more than 70% from the last cycle high puts the asset firmly in deep-bear territory, where recoveries have historically required a fresh demand catalyst rather than mere mean-reversion.

Volatility and structure: 30-day realized volatility of 153.9% annualized is extreme for an asset this size. Our composite multi-horizon Price Strength reads Neutral (42/100), with a mixed multi-horizon profile and no clear directional bias.

Looking past Bitcoin alone, how closely PI tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: -0.08 — a minimal negative relationship.
• Ethereum reference: +0.00 — a minimal positive relationship.
• Solana reference: -0.01 — a minimal negative relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Pi Network (PI) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.0885 as of the latest update, with a 24-hour move down 0.66%, placing it at rank #67 by market capitalisation among all listed digital assets. Pi Network's current market cap stands at $976.71M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Pi Network across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Pi Network (PI) is a cryptocurrency traded on global digital-asset markets. Its specific role depends on the protocol and ecosystem built around it — the data and market sections on this page describe what can be measured directly from on-chain and exchange activity.

Pi Network currently ranks #49 by market capitalisation, making it a top-50 asset. Only about 11% of the eventual PI supply is circulating so far (11.04B of 100.00B), so future unlocks remain a meaningful dilution variable. It currently trades about 100% below its all-time high of $200.20 set in February 2025.

Pi Network settles on a public blockchain, with ownership recorded against cryptographic addresses rather than personal identities. Its supply schedule and core parameters are defined in software and changed only by coordination among the people who run the network — there is no central operator.

Pi Network currently ranks #49 by market capitalisation, making it a top-50 asset. Only about 11% of the eventual PI supply is circulating so far (11.04B of 100.00B), so future unlocks remain a meaningful dilution variable. It currently trades about 100% below its all-time high of $200.20 set in February 2025. Its fully-diluted valuation of $1.52B is about 1.6× the circulating market cap of $976.71M, a gap that signals issuance overhang to factor into any longer-term thesis.

Pi Network is used for value transfer, on-chain settlement, and access to whatever application or ecosystem its protocol supports. Because utility varies widely across projects of this kind, the most reliable read on the asset is its market data — liquidity, supply dynamics, and price behaviour — shown elsewhere on this page.

Daily turnover is light — roughly 0.28% of market cap ($2.72M over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

Pi Network's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. Only 11.0% of maximum supply is currently circulating, meaning future emissions remain a meaningful source of structural sell pressure. Issuance velocity and unlock schedules become important variables in any longer-term thesis. The fully diluted valuation (FDV) of $1.5 billion stands at 1.6× the current circulating market cap of $1.0 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

Whether the tokenomics help or hurt comes down to value accrual versus dilution — fee burns, reinvested staking yield and TVL growth on one side, scheduled emissions on the other. A favourable balance lets price grind higher without hype; an unfavourable one means the asset must keep attracting demand just to absorb issuance.

At the macro level, the variables that move this asset class most are the direction of US interest rates, the supply of dollar liquidity, and the state of global risk appetite. Crypto has behaved like a long-duration, high-beta risk asset: it tends to rally when real yields fall and the dollar softens, and to sell off when liquidity tightens.

The cross-asset relationships worth watching: the dollar index (DXY), historically inversely correlated with crypto over longer windows; the 10-year Treasury yield, a proxy for the cost of risk capital; gold, which sometimes shares a "monetary hedge" framing with Bitcoin during regime changes; and the S&P 500, which during liquidity-driven moves often rhymes with crypto despite the "uncorrelated" narrative.

Zooming in on Pi Network, the most reliable leading indicator has tended to be crypto-native liquidity itself — aggregate stablecoin supply, open interest in futures, and exchange volume. Rising on-chain liquidity has historically pulled PI up; draining liquidity has done the opposite. With a comparatively loose 90-day BTC correlation of -0.08, PI has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

General crypto risks apply: high volatility (double-digit daily moves are common), regulatory uncertainty, exchange and custody risk, and project-specific execution risk. With a smaller or less-established asset, liquidity can be thin — meaning larger orders move the price more, and exits during stress can be costly. Size positions accordingly and never commit more than you can afford to lose.