What is the status of Pi Network now?

(NLĐO) - Compared to the peak of nearly $3 recorded last year on some trading platforms, the price of Pi is currently 90% lower.

According to data from the cryptocurrency exchange Bitget, the price of Pi began to surge again from March 12th, from around $0.20 to nearly $0.30 per coin, equivalent to an increase of approximately 50% in a short period of time.

Prices have dropped by over 90%.

Currently, Pi is trading around $0.20 USD. Compared to its low of approximately $0.13 USD recorded in January 2026, the price of this cryptocurrency has increased by about 50%.

However, compared to the peak of nearly $3 recorded last year on some trading platforms when the cryptocurrency was listed, the current price of Pi is still more than 90% lower.

This is considered one of the most significant price fluctuations for Pi since the project transitioned to the Open Network phase on February 20, 2025.

Pi Network is currently trading at $0.20. Source: OKX

Notably, this price surge coincides with the project's 7th anniversary. Pi Network typically chooses Pi Day (March 14th) as a milestone to announce important information and updates related to the ecosystem.

Besides market sentiment, Pi's surge also occurred in the context of the Kraken cryptocurrency exchange confirming that it would begin supporting PI token trading from March 13th. Kraken is currently one of the largest cryptocurrency exchanges in the world with millions of users.

Besides Kraken, Pi is currently traded on several platforms such as OKX, Bitget, HTX, and BitMart. However, the largest exchanges in the market, such as Binance and Coinbase, have not yet announced listings for this cryptocurrency.

The fact that Pi is not yet listed on exchanges with high liquidity means that its trading volume is limited and its reach to global investors is not yet high.

Despite incurring losses, we remain optimistic.

Nevertheless, the recent price recovery has left many members of the Pi community optimistic. In various groups, many express expectations that the project will continue to expand its ecosystem and increase in value in the future.

However, some investors remain cautious. "Pi's price increase is mainly due to the information about its listing on the Kraken exchange, not necessarily from the project's true potential. Therefore, investors shouldn't FOMO but need to wait for clearer information from the development team," commented Hoai Thanh, a Pi investor since 2023.

Several other users stated that the project's development progress has not yet met their initial expectations. "I mined about 500 Pi through 'checking in' on the app last year. When there was positive news, I spent over 20 million VND to 'buy at the bottom' at $0.50. However, now not only am I losing money, but I'm also quite disappointed because the project's development roadmap is too slow," Minh Phu lamented.

According to Ignacio Aguirre Franco, Marketing Director of Bitget, the rebound in Pi price shows that the project still receives significant interest from the global user community.

Pi Network has now attracted over 60 million participating accounts, of which more than 10 million have completed identity verification (KYC). However, Franco believes that the project's ecosystem is still incomplete. The liquidity and transaction mechanisms of Pi on a global scale still have many unclear aspects.

Meanwhile, some blockchain experts also argue that Pi Network is still not as complete as many other cryptocurrency projects, as it has not fully implemented features such as smart contracts and has not publicly released its entire source code.

Over the past period, updates from the development team have mainly revolved around some minor changes to the ecosystem, such as domain name auctions within the Pi network.

According to experts, the history of the cryptocurrency market has seen many projects experience rapid price increases due to community effect, but then suffer significant fluctuations when investor expectations are not met.

"Therefore, while the current upward trend may create optimism, users should still monitor additional factors such as network development progress, market acceptance levels, and regulatory policies before making financial decisions," advised Ignacio Aguirre Franco.

Pi Network was launched in 2019, advertised as allowing participants to acquire free cryptocurrency by using a mobile app to "tap the lightning bolt" to check in daily. Vietnam is one of the markets with many people participating in "mining Pi".

The project sparked controversy when it took almost six years to "open up," meaning users could move Pi to other platforms for exchange and trading.

Source: https://nld.com.vn/pi-network-gio-ra-sao-196260314164927911.htm