Pi Network (PI) trades at roughly €0.074 on August 16, 2026, down more than 97% from its all-time high set in February 2025. Mounting sell pressure from token unlocks and contested tokenomics keep PI under stress. Here is a data-driven read of the current market.
� Key takeaways
- Spot price: ~€0.074-0.076 / ~$0.086-0.087 as of August 16, 2026
- 24h change: -2.73% to -2.74% across aggregators
- Market cap: between €821M and $958.6M depending on the source
- ATH: $2.58-$2.99 on February 26, 2025, at mainnet launch
- Listed on OKX, Bitget, Kraken, Bit2Me — dominant pair PI/USDT
Market state: spot price squeezed between €0.074 and $0.087
On August 16, 2026, the PI token trades at historically low levels since the mainnet opened. Leading aggregators show a narrow but clearly bearish price band.
In dollars, CryptoAst reports $0.0868 and BeInCrypto $0.08607, a sub-1% gap. In euros, Bit2Me quotes PI at €0.0742, CryptoAst at €0.0750, and BeInCrypto at €0.0744. This cross-source consistency pins the market price at roughly €0.075, a floor not revisited since spring 2026.
Short-term momentum stays negative. CryptoAst logs a -2.74% drop over 24 hours, Bit2Me confirms a -2.73% decline, and BeInCrypto flags a -€0.00218 daily move. Over a rolling week, Bit2Me measures a -4.67% slide — sell pressure that has not let up.
Market cap, volume, and circulating supply: numbers don’t line up
The project’s core metrics diverge sharply across data providers, complicating any valuation work. The table below summarizes the main discrepancies.
| Source | Spot price | Market cap | 24h volume | Circulating supply |
|---|---|---|---|---|
| CryptoAst | $0.0868 / €0.0750 | $958.6M | $6.55M | 100B PI |
| BeInCrypto | $0.08607 / €0.0744 | €821.47M | €3.24M | — |
| Bit2Me | €0.0742 | — | — | 16.99B PI |
| CoinAcademy | — | — | — | ~11.04B PI |
| CoinMarketCap (IOU) | — | — | €259,140 | — |
CryptoAst values the market cap at $958.6 million (≈ €877M), while BeInCrypto pegs it at €821.47 million. These gaps likely stem from differing circulating supply assumptions, reference prices, or snapshot timestamps.
24-hour volumes diverge just as widely: $6.55M per CryptoAst, €3.24M per BeInCrypto, and just €259,140 on CoinMarketCap’s IOU venue. The circulating supply gap is even more striking — CoinAcademy reports ~11.04 billion PI (11% of max supply), Bit2Me reports 16.99 billion, and CryptoAst paradoxically lists the full 100 billion, contradicting the gradual unlock mechanism described by every other source.
« The PI circulating supply shows sharp discrepancies across data providers, creating a structural hurdle for any reliable market cap assessment. »
Synthesis of CryptoAst, BeInCrypto, Bit2Me, and CoinAcademy data
Tokenomics: 80% to community, 20% to core team
The maximum supply of PI is set at 100 billion tokens, a consensus across all sources. According to CoinAcademy, the initial allocation grants 80% of the supply to the community (mining rewards and incentives) and 20% to the Pi Core Team.
Gradual unlocking is one of the main bearish factors at play. During the closed-network years (2019-2024), users — branded Pioneers — mined billions of tokens through the official mobile app. The migration to the open mainnet, combined with KYC (Know Your Customer) verification, now releases those tokens onto the market. The project claims over 60 million users, hinting at the magnitude of residual sell pressure still to be absorbed.
The KYC procedure, marketed as enforcing a « one person = one account » principle, remains a bottleneck: not all Pioneers have completed identity verification, creating backlogs that slow the effective release of balances.
Price history: from zero to $2.99, then a 97% collapse
Pi Network’s market trajectory is atypical. Between 2019 and 2024, the token had no official market value, with the network running in closed mode. Some grey markets offered IOUs (synthetic receipts not backed by actual PI) at indicative prices of $20 to $60, though none of those levels saw liquid trading.
The major turning point came in February 2025, with the mainnet opening and the first listings on major exchanges. The price hit its all-time high (ATH): CoinAcademy pegs the ATH at $2.58 on February 26, 2025, while BeInCrypto reports a peak near $2.99. The small gap likely reflects venue or timestamp differences.
Since then, the correction has been severe and uninterrupted. According to CoinAcademy’s monthly history in euros, the price moved from €0.31 in September 2025 to €0.21 in December 2025, then settled in a €0.10-0.12 range during H1 2026. In August 2026, it stabilizes near €0.07-0.08, a drop of more than 97% from the ATH.
Where to buy PI and how to mine it
Since the mainnet opened, PI is listed on several recognized venues. CoinAcademy names OKX, Bitget, and Kraken, with the PI/USDT pair (PI against Tether, a dollar-pegged stablecoin) dominating volume. Bit2Me also offers an integrated purchase service on its European platform.
For Pioneer holders, the native option remains mobile mining through the official app, after KYC validation. This smartphone-based mining model sets Pi Network apart from traditional cryptocurrencies that require ASIC (specialized mining chips) or GPU hardware. Notably, by April 6, 2026, all mainnet node operators were required to migrate to Protocol 21.2, a mandatory upgrade for the decentralized infrastructure.
Conclusion: an inflection point to monitor
Pi Network illustrates the challenges of a project with a very large user base confronting the realities of open markets. With more than 60 million claimed Pioneers but a contested market cap between €820 and €960 million, the user-to-value ratio remains structurally low — a mixed signal for investors.
Three scenarios are emerging for the coming quarters. Bearish scenario: the post-KYC unlock wave continues, the price slides toward €0.05 and tests psychological support. Neutral scenario: sideways consolidation between €0.07 and €0.10 pending a major catalyst (DeFi integration, decentralized finance, or a top-tier venue listing). Bullish scenario: faster ecosystem development and a slowdown in released token flow, pushing PI back toward the €0.15-0.20 zone.
In all cases, data quality remains a critical issue: until the divergences on circulating supply are resolved across aggregators, any valuation work should be handled with caution.
Sources
- CryptoAst – Pi Network price
- BeInCrypto – Pi Network to EUR
- CoinAcademy – Pi Network price
- CoinMarketCap – Pi IOU
- Kriptomat – Pi Network price
- Bit2Me – Pi Network price
This article is published for informational and educational purposes only. It does not constitute investment advice. Do your own research (DYOR) before making any decision.
