Pi coin, explained and tracked live

Where Pi stands today

Pi coin is a real, tradable token that has lost most of its early value. On 7 October 2026 CoinGecko showed PI at roughly $0.083, a market cap of about $0.93 billion and a rank near #81 (CoinMarketCap put it around #67 the same day, because the two sites count things differently). That is about 97% below the all-time high of $2.99 set on 26 February 2025, a few days after the open network launched. The lowest print so far, about $0.0706, came on 14 July 2026. So the token is sitting only a few cents above its floor.

Those numbers will be stale by the time you finish reading, which is why the live ticker and chart sit above this text. Treat the figures in the prose as a dated snapshot, not a quote. If you want the full picture of the price history, the peak, the slide and the supply debate, the Pi coin price page goes through it in detail.

Here is what we would want a friend to know in two sentences. Pi is not “pre-launch” anymore: the open network went live on 20 February 2025 and PI has traded on exchanges since. But most of the 60 million or so accounts that Pi’s own marketing mentions have not turned their balances into something transferable, and the market has been pricing that friction and the steady supply unlocks for more than a year.

Trading volume tells the same story. CoinGecko listed roughly $7.5 million of 24-hour volume on 7 October 2026, under one percent of the market cap. For comparison with the headline number, that means a few million dollars of selling can push the price visibly, and it also means the headline market cap is a theoretical figure: it is price times a supply count, not the amount of money that could actually come out of the coin.

What Pi coin actually is

Pi Network describes itself as a social cryptocurrency and developer platform. It was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both Stanford PhDs, and the mobile app launched on Pi Day (14 March) in 2019. The idea was to let ordinary people “mine” on a phone: you open the app, tap a button once per session, and your account accrues Pi. Mining is a loose word here. Your phone is not solving puzzles. The tap confirms you are an active person, and the rate has halved at network-size milestones since the start at 3.14 Pi per hour, according to Pi’s FAQ.

Under the hood, Pi uses the Stellar Consensus Protocol, a Federated Byzantine Agreement design, rather than proof of work. Nodes run on laptops and desktops (Pi says more than 420,000 node operators by June 2026, again self-reported), and the Pi Core Team tracks Stellar protocol upgrades with its own version numbers. The team has also built a Pi Browser, a Pi Wallet, an app-building tool called App Studio and a handful of developer products. If you want the gentle version of all this, written for someone who has never touched crypto, start with the what is Pi coin explainer.

The maximum supply is 100 billion PI. The planned split, as summarized on CoinMarketCap, is 65% for community mining rewards, 20% for the core team, 10% for foundation reserves and 5% for liquidity. CoinGecko counts about 11.24 billion PI as circulating, and CoinMarketCap agrees on that figure, but they disagree on total supply (CoinGecko 17.3 billion, CoinMarketCap 100 billion). That gap is not a typo. It is the single most important reason two sites can show very different “fully diluted” valuations for the same coin.

Two more things shape how Pi behaves compared with a typical token. First, identity: Pi requires KYC (identity verification) before mined balances can move to the mainnet, and Pi says only accounts validated as distinct real people are honored there. Second, time: much of what users earned is locked, either by user-chosen lockups tied to mining bonuses or by where an account is in the migration queue. The mainnet, KYC and migration timeline covers both in order.

From mining app to money in the bank

This is the part most people ask about, and the part where almost everyone gets stuck. The short route has five stages, and your progress on each decides what you can do.

First, you hold a mined balance inside the Pi app. Second, you complete KYC, which Pi describes as free; anyone who asks you to pay for verification is not Pi. Third, you migrate your balance to the mainnet wallet, in batches, which is where the 2026 bottlenecks have been. Fourth, you wait out any lockups so the balance becomes transferable. Fifth, you send that balance to an exchange that lists PI, sell it for a stablecoin or a fiat currency, and withdraw.

Stage three is a good example of how bumpy this is. In a 17 September 2026 update, Pi said it had cleared more than 417,000 accounts that had been flagged as possible duplicates, and that about 497,000 Fast Track wallet holders could not claim their migration balances because they had no Pi to cover gas fees, with a fix promised within a week. Whether that fix has fully landed is something to confirm in the app, not from a website. That is typical: most people stop at stage two or three, not because the process is impossible, but because a single flag or missing fee freezes everything behind it.

If you are on the other side of the line, already holding PI on an exchange, the route is shorter and you can read the how to sell Pi coin guide for order types, slippage on a thin market and the cash-out scams to avoid. If you are looking to acquire PI rather than sell it, the how to buy Pi coin guide covers the checks that matter, including the fake tokens with similar names that appear on small venues. And if the passphrase or an exchange memo is what is worrying you, the Pi wallet guide is the practical page.

One of the available venues is CEX.IO, a long-running exchange founded in 2013 and registered as a US money services business with FinCEN (the company lists state money-transmitter licences under NMLS ID 1804170). Its own pages call the asset “Pi IOU”, and we could not confirm from those pages whether real spot PI can be withdrawn, so check what exactly you are buying and the settlement terms before paying. The Pi IOU explainer covers why that label exists and what it means for you.

Where PI trades, and where it does not

Open-market PI trading began on 20 February 2025, when OKX, Bitget, Gate and MEXC opened spot markets. Kraken followed on 13 March 2026. Other venues, such as CoinUp.io, CoinW, LBank, XT.COM and DigiFinex, also show PI pairs on CoinGecko today, though with small volumes. In the other direction, BitMart and HTX had troubled histories with PI and do not appear in the current ticker list, and Binance and Coinbase have not listed it. KuCoin’s own price page says the asset has not been officially listed.

The table below pulls live exchange data, so it will change as venues add or lose volume. Read it by volume first, because a pair with thin volume can show a price that is far from the rest of the market.

How to read this: the top rows are where most of the real trading happens, and the gap between the best and the worst quoted price is a rough measure of how thin the market is. If a venue shows a very different price from the others, assume you will not actually get that price in size. Our exchange comparison goes venue by venue, with country limits and deposit details, and flags everything that could not be verified on an official page.

The listing question deserves its own page because it is where most misinformation lives. Binance ran a community vote starting 17 February 2025 that reportedly came out heavily in favor, but the vote was described as non-binding and there has been no listing. Rumor posts claiming a “Binance listing date” appear every few weeks. The live counter below reflects what exchanges actually show for PI right now.

For confirmed dates and the evidence behind each, see the Pi coin listing tracker. Our rule of thumb is simple: a listing exists when there is an official exchange announcement, a live trading pair and open deposits. Anything else is a screenshot.

What is your Pi worth in your currency?

PI is quoted in dollars and stablecoins first, and everything else is derived. A price in rupees, naira, lira or euros is the dollar price multiplied by an exchange rate, and your actual proceeds are lower once spreads and fees come out. The converter below uses live data, so you can see the rough figure before you do any math.

Use it as a sanity check, not as a promise of what a bank account will receive. The PI to USD converter page explains how a quote is formed and works through examples for 100 and 1,000 PI, with notes on how local currency conversion differs from market to market.

Country rules matter more than the exchange rate. Indian users face a specific tax regime for virtual digital assets (30% on gains under the income-tax portal’s description, with extra rules on losses) and a registration requirement for local exchanges, which is why the Pi coin in India guide exists. US users face a different picture: crypto is not banned, but it is regulated piecemeal by the SEC, CFTC, FinCEN and IRS, and no SEC statement on PI has been found. The Pi coin in the USA guide covers where access exists, what the IRS expects and what is unverified. Neither page is tax advice, and both link to the official sources.

Is Pi coin legit?

Depends which question you are asking. Is the project real? Yes: there is a working network, an app used by millions and a team that ships software. Is the token tradable? Yes, with live prices and volume on several exchanges. Are the claims credible? That is where it gets honest, and where people tend to pick a side too early.

None of that adds up to “scam” or “safe”. It adds up to a high-risk, centralized project with real trading and real unknowns. The more dangerous problem is the scams around Pi: fake migration sites, requests to pay for “KYC”, DMs from “buyers” offering to purchase your Pi for cash or gift cards, impersonators of the Core Team, and posts announcing listings that do not exist. Pi’s own line, as relayed by media, is that it will never ask for your password or wallet passphrase. The is Pi coin legit page goes through the evidence on both sides and ends with a safety checklist you can actually use.

A lawsuit also exists: a US investor filed a $10 million complaint in the Northern District of California on 24 October 2025 against SocialChain, Pi Community Company and executives. Those are allegations, a researcher disputed the premises, and we could not verify an outcome. We mention it because it comes up in every discussion, and because “allegation” is the correct word.

What actually moves the price

Four things do most of the work. Supply is the first: third-party trackers estimated roughly 130 to 240 million PI unlocking per month at various points between December 2025 and April 2026. Those are estimates, not an official schedule, but the direction is clear. When more coins can be sold than there are buyers, price drifts down. Second is news: the Kraken listing on 13 March 2026 pushed PI up as much as 30% in a day by one report, and then the gain faded. Third is the wider market, because small tokens tend to fall harder than Bitcoin when risk appetite drops. Fourth is utility, which is the slowest and the one that would matter most. If people actually spent PI in apps or needed it for something, demand would not depend on listings.

The trend has been long. By daily data from CoinGecko, PI sat near $0.25 in October 2025, around $0.17 in April 2026, about $0.13 in early June and near $0.08 in early August, before the July low. The 30-day change on 7 October was about minus 12%. Slow bleeds like that usually reflect steady sellers, not a single event.

If you are wondering whether this is “the next Bitcoin”, the structural differences are large, and the Pi vs Bitcoin comparison lays them out (supply, mining, decentralization, liquidity). If your question is where the price might go from here, the Pi coin price prediction page builds scenarios with the conditions each would need, and refuses to give you a single magic number.

Apps, browsers and wallets

Three separate pieces make up the Pi experience, and it helps to keep them apart. The app is where you tap, track your balance and complete KYC. The Pi Browser is where Pi-integrated apps and the Pi Wallet live. And any exchange you use will have its own wallet, which is a different thing with a different risk.

On the app, our honest view is that it is well designed for retention and less transparent about what you are actually earning. The Pi Network app review covers mining, referral mechanics, battery and data use, and the privacy questions around KYC. The Pi Browser question is mostly about utility: what can you do there, and how much of it is real? The Pi Browser review covers the app ecosystem and why claims that big brands “accept Pi” need checking before you believe them.

For storage, the Pi Wallet is described in Pi’s FAQ as non-custodial, with a passphrase generated on your device that cannot be recovered if lost. Exchange wallets are custodial: easier, but the exchange holds the keys. The best wallets for Pi page compares the options by custody, memo support and recovery, and is explicit about which third-party wallet support is unverified rather than guessing.

How this site works

This is an independent guide. It has no commercial ties to Pi Network, the Pi Core Team or any exchange mentioned here. It is not an official Pi site, and nothing on it is financial advice. If a page mentions an exchange, it does so because readers need to know that venue exists, not because of any deal.

Facts come from primary sources where we could get them: Pi’s own site and blog, exchange announcement pages, regulator websites and CoinGecko’s public data. Where we could only find a media report or a community claim, the page says so, and where we could not confirm something at all, we leave it out or label it unverified. Every time-sensitive claim carries a date. Prices and supply move constantly, so live widgets show current data and the prose quotes a dated snapshot.

Pages are checked and updated when something material changes: a new listing or delisting, a Pi announcement on KYC or migration, a regulator statement. The “updated” date on each page tells you when it last changed. If you spot an error, treat the official source as the final word and the date on this page as the thing to question.

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