Pi Network

PI · Layer-1
Checked
Oct 15 2026
The big picture
2.5 / 10Total score0510
Supply + DemandMax. 10
Hold PI? We'll warn you first.
Free · 2 coins

Coming next

No single dated event in the next 90 days.

Metric 1 of 3

PI · Coin Supply

Mined PI keeps arriving. Team wallets keep selling.

1 / 5Very heavy
Age7.6 yearssince Mar 2019
Unlocked65.0%of total supply
Last 90 days+4.03%new supply
Next 90 days+4.05%estimate

PI runs Pi Network: 11.24B coins count as circulating, about 65% of the supply made so far. All 100B PI already exist; they reach the market in batches.

Sell pressure. Pioneers received 349.7M PI of mined coins in 90 days, and team, Foundation and liquidity wallets sent 103.9M PI to exchanges.

Buy pressure. Nothing takes PI back out: no buyback, and network fees are set aside, not destroyed.

Net. Net, supply grows about 4.03% in 90 days, and about the same next.

Inflation
Last 90 Days
+4.03%
checked · Oct 4 2026
Net flow: 4.03% of supply goes to market over 90 days
Next 90 Days
+4.05%
estimate
Net flow: 4.05% of supply goes to market next 90 days
Supply growing · projected to keep growing
Sell pressure
1. Protocol inflation
~349.7M PI

Pi mints nothing new: all 100B PI were made at genesis. New supply means mined PI being paid out to Pioneers who passed identity checks, from a 65B mining pool through a payout account. In these 90 days 349.7M PI were paid out this way, in batches (99.9M in July, 145.0M in August, 104.7M in September); the last batch went out on Sep 18 2026, and fixes announced Sep 17 should unblock about 914,000 more Pioneers.

checked · Oct 4 2026
2. Vesting unlocks
0

The daily "unlocks" people talk about are Pioneers' own lockups ending. Locked PI is already counted as circulating, so an ending lockup adds nothing new. Locked balances fell from 6.22B PI on Jun 15 to 6.11B PI on Oct 4 2026.

checked · Oct 4 2026
3. Foundation + unscheduled unlocks
~103.9M PI

Coins from wallets outside the circulating count that reached exchanges: 69.3M PI from the liquidity fund's hot wallet, 24.6M PI from Core Team pass-through wallets (the team allocation paid 41.5M into them), and 10.0M PI from the Pi Foundation in monthly steps (Aug 6, Sep 3, Sep 30 2026). Still held: mining pool 48.65B + 4.67B, Core Team 17.77B in 10,000 accounts plus 1.95B in pass-through wallets, Foundation 9.5B + 0.45B, liquidity fund 4.0B + 0.87B. None has a published release schedule.

checked · Oct 4 2026
4. Long-term locked or bankruptcy
0

No court estate, trustee or long lock holds PI.

checked · Oct 4 2026
Buy pressure
1. Programmatic buyback
0

Pi runs no buyback. One large anonymous wallet keeps pulling PI off exchanges, but nobody has tied it to the project, so it is ordinary buying, not a supply mechanism.

checked · Oct 4 2026
2. Protocol fee burn
0

Network fees go into a fee pool, which grew 2.33M PI this window. The chain's total stayed exactly 100B and no coins were destroyed, so nothing is booked here.

checked · Oct 4 2026
3. Foundation buy
0

No Foundation or Core Team purchase of PI was found on chain or announced.

checked · Oct 4 2026
4. New long-term lock
0

Pioneers can lock PI for up to three years, and 6.11B PI is locked now. Locked PI still counts as circulating, so new lockups take nothing out.

checked · Oct 4 2026
Supply check · sell, buy & net
 
Last 90D
Next 90D
Sell total (M PI)
453.616
455.616
Buy total (M PI)
0.000
0.000
Sell % of circ
+4.035%
+4.052%
Buy % of circ
0.000%
0.000%
Net inflation %
+4.035%
+4.052%
Circulating supply: 11243.022M PI
Read the full Inflation Analysis
PI: mined coins keep arriving, and team wallets keep selling.
Long-form mechanism walk. ~5 min.
Metric 2 of 3

PI · Coin Demand

Two sides: how much people want PI right now, and how much buying could come later.

1.5 / 5Very weak

Current demand1.5 / 2.5

This part is based on social media. It shows how hot PI is right now. A better rank means more people are talking about it.

PI is a new coin, so this part may not be accurate yet. For now, we give it an average score.

Today, people are talking about PI for two reasons:

  1. 1
    Pi node operators had to switch to Protocol 28 by Oct 13.

    Pi's core team set Oct 13 2026 as the last day for node operators to upgrade to Protocol 28. The upgrade lets developers update groups of smart contracts at once and change stored data more safely. People ask if better tools for apps will finally bring real use, with PI near $0.079, close to its record low.

  2. 2
    Pi is looking at a stablecoin for payments and rewards.

    On Oct 8 2026, Pi's core team said it is exploring how the OUSD stablecoin from its partner Open Standard could be used for payments and Pioneer rewards, and it raised this again this week. The plan is still open, with no launch date. People ask whether a dollar coin inside Pi would help PI, or pull demand away from it.

Checked Oct 14 2026

Metric 3 of 3

PI · Price DriversBeta

The few things that can move PI's price that supply and demand miss.

1 · Big exchange listings

Quiet
A top exchange lists PI → price upTop exchanges stay away → price downnow
  1. Feb 20 2025OKX, Bitget list PI
  2. Feb 27 2025Binance poll: 86% yes
  3. Aug 27 2025Valour PI ETP, Sweden
  4. Mar 13 2026Kraken lists PI
  5. Today
    No date yetBinance or Coinbase?

Kraken listed PI Mar 13 2026; Binance and Coinbase still have not.

Data
DateWhat happened / what is coming
Feb 20 2025OKX, Bitget list PI
Feb 27 2025Binance poll: 86% yes
Aug 27 2025Valour PI ETP, Sweden
Mar 13 2026Kraken lists PI
No date yetBinance or Coinbase? (coming)
Checked Oct 10 2026

2 · Core Team moves

Watch
Real uses go live → price upUpgrades bring no use → price down
  1. Jun 18 2026Protocol 25 deadline
  2. Aug 11 2026Protocol 26 deadline
  3. Sep 30 2026OUSD stablecoin deal
  4. Today
    Oct 13 2026Node update deadline
  5. Oct 16 2026Protocol 28 on mainnet

Protocol 28 hits mainnet Oct 16 2026; stablecoin plans still vague.

Data
DateWhat happened / what is coming
Jun 18 2026Protocol 25 deadline
Aug 11 2026Protocol 26 deadline
Sep 30 2026OUSD stablecoin deal
Oct 13 2026Node update deadline (coming)
Oct 16 2026Protocol 28 on mainnet (coming)
Checked Oct 10 2026

Should you buy PI? Questions about PI

Is it a good time to buy Pi Network today?

Based on the law of supply and demand, the long-run signal for Pi Network is negative. As of Oct 15 2026, score 2.5/10, Pi Network faces +4.05% new supply over 90 days, with demand very weak (1.5/5). Pi Network's price drivers: 0 ▲ price up, 1 ▼ price down.

What is going on with Pi Network in October 2026?

Pi Network has two dates close together: a node update deadline on Oct 13 2026 and Protocol 28 on mainnet on Oct 16 2026. Stablecoin plans still look vague. Meanwhile supply keeps coming, +4.05% in 90 days and +16.43% in a year. Supply and demand still read negative for Pi Network in the long run.

Is Pi Network listed on Binance yet?

No listing there so far. Kraken listed PI on Mar 13 2026, but Binance and Coinbase still have not, and there is no date. Without the big exchanges, demand stays very weak at 1.5/5, a key reason Pi Network reads negative at 2.5/10. Our supply-and-demand read for Pi Network stays negative.

Is $100 possible for Pi Network?

It would take 1,147 times today's value: $100 × Pi Network's coins in the market = about $1.12 trillion, against $980M now (Oct 15 2026). Pi Network's supply also grows +16.43% in the next year, so every extra coin needs buyers too. That leaves Pi Network's long-run signal at negative, by supply and demand.

When should I sell Pi Network?

Today the signal is negative. Supply and demand would point the other way for Pi Network if new supply keeps arriving (+4.05% in 90 days), or demand falls from very weak, or Big exchange listings keeps pointing down. Next date to watch for Pi Network: Oct 13 2026 — Node update deadline.

Is Pi Network a good investment in 2026?

On our framework Pi Network scores 2.5/10 (Oct 15 2026), with supply 1/5 (very heavy) and demand 1.5/5. In the next year Pi Network's supply changes +16.43%, so the long-run signal reads negative.

What is the best time to invest in Pi Network?

The law of supply and demand points to one window for Pi Network: low new supply, high demand, drivers pointing up. Where Pi Network stands today: +4.05% new supply in 90 days (very heavy), demand very weak (1.5/5), drivers 0 ▲ / 1 ▼.

Will Pi Network go up? What could move its price?

Pi Network has 2 price drivers today (0 ▲ price up, 1 ▼ price down). ▼ Big exchange listings: Kraken listed PI Mar 13 2026; Binance and Coinbase still have not. • Core Team moves: Protocol 28 hits mainnet Oct 16 2026; stablecoin plans still vague.

Should I buy Pi Network or Bitcoin?

Pi Network reads negative at 2.5/10; Bitcoin reads positive at 8.5/10 (Oct 15 2026). On supply and demand, Pi Network looks weaker than Bitcoin today.

Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →

How does MrNasdog judge every coin, and why is +4.05% shown in red?

We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. PI supply grows +4.05% in the next 90 days, so it shows in red: more PI reaches the market than is removed. Zero or falling supply is always green, any growth is red.

What do Watch PI alerts cover?

One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.

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