Pi Network

PI · Layer-1
Checked
Oct 17 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, and team wallets keep selling.

1 / 5Very heavy
Age7.6 yearssince Mar 2019
Unlocked65.0%of total supply
Last 90 days+3.64%new supply
Next 90 days+2.93%estimate

PI runs Pi Network: 11.24B coins count today, only the mining rewards pioneers have moved to mainnet. Team and Foundation wallets are not counted.

Sell pressure. Moving mined coins to mainnet added 301.27M PI in 90 days. Team, Foundation and liquidity wallets sent 110.76M more to exchanges.

Buy pressure. Transaction fees removed 2.42M PI. Nothing buys PI back.

Net. Net, supply grows about 3.64% in 90 days and 2.93% next.

Inflation
Last 90 Days
+3.64%
checked · Oct 15 2026
Net flow: 3.64% of supply goes to market over 90 days
Next 90 Days
+2.93%
estimate
Net flow: 2.93% of supply goes to market next 90 days
Supply growing · projected to keep growing
Sell pressure
1. Protocol inflation
~301.27M PI

Pi is mined in the phone app, and the coins only count once a pioneer passes KYC and moves them to mainnet. That move added 301.27M PI in 90 days, paid out in steps of about 50M until Sep 22 2026 and almost nothing since. It is less than half of the 769.6M of the 90 days before. The mining pool still holds 48.65B PI waiting to move, and the payout wallet holds 354.2M ready to send.

checked · Oct 15 2026
2. Vesting unlocks
0

The team, Foundation and liquidity shares unlock on paper at the same pace as the mining move, about 162M PI this window, with no dated schedule. What really reached the market from those wallets is counted in row 3. Pioneer lockups that end are coins already counted, so they add nothing new.

checked · Oct 15 2026
3. Foundation + unscheduled unlocks
~110.76M PI

Team, Foundation and liquidity coins are not in the counted supply, but some reached exchange wallets in these 90 days: 78.91M from a liquidity wallet that got 50M on Sep 3 2026 and is now empty, 21.05M from team wallets (batches on Aug 6 and Sep 3), and 10.80M from the Foundation (batches on Aug 6, Sep 3 and Sep 30). Team and Foundation batches come about every four weeks, so the next 90 days carry 31.05M; the liquidity wallet sends a new 50M tranche only about once a year. Still outside the market: the Foundation wallet (9.50B, still since Oct 2025), the liquidity wallet (4.00B, still since May 2026), 17.77B in 9,999 team wallets, a 4.67B reserve split from the mining pool (still since Oct 2025) and the payout wallet (354.2M).

checked · Oct 15 2026
4. Long-term locked or bankruptcy
0

No bankruptcy estate, trustee or court release holds PI. Long pioneer lockups are part of the counted supply already.

checked · Oct 15 2026
Buy pressure
1. Programmatic buyback
0

Nothing buys PI back. App fees and transaction fees are not used to buy coins off the market.

checked · Oct 15 2026
2. Protocol fee burn
~2.42M PI

Every transaction fee leaves the payer's wallet and sits in the ledger's fee pool, which no wallet can spend. The pool grew 2,422,531 PI in 90 days, about 26,900 a day — the same pace as the 90 days before.

checked · Oct 15 2026
3. Foundation buy
0

No Foundation or team wallet bought PI in this window, and no buying plan has been announced.

checked · Oct 15 2026
4. New long-term lock
0

Pioneers keep locking PI for weeks to three years, and new lockups were made every day this window. But locked migrated coins are already counted, so a new lock takes nothing out of the float.

checked · Oct 15 2026
Supply check · sell, buy & net
 
Last 90D
Next 90D
Sell total (M PI)
412.032
332.326
Buy total (M PI)
2.423
2.423
Sell % of circ
+3.665%
+2.956%
Buy % of circ
+0.022%
+0.022%
Net inflation %
+3.643%
+2.934%
Circulating supply: 11243.045M PI
Read the full Inflation Analysis
PI: mined coins keep moving to mainnet, 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 Network finished its Protocol 28 upgrade.

    The Pi main network switched to Protocol 28 on Oct 16 2026, and every new block since then runs on it. The upgrade changes how smart contracts are kept up to date and how data is handled; balances and mining stay the same. People ask if this brings the apps and smart contracts Pi users have waited for.

  2. 2
    Pi announced its first Ecosystem Summit, Nov 17 to Nov 19 2026.

    On Oct 15 2026 the Pi Core Team announced a three-day online summit with new tools, app demos and a new hackathon. Pi says it has more than 60 million engaged users and 18.1 million fully checked (KYC) users, and PI rose about 4% to near $0.080 after the news. People ask if the summit will show real uses for PI, which is still down about 2% in 30 days.

Checked Oct 17 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 15 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. Oct 13 2026Node update deadline
  5. Today
    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
Oct 16 2026Protocol 28 on mainnet (coming)
Checked Oct 15 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 17 2026, score 2.5/10, Pi Network faces +2.93% new supply over 90 days, with demand very weak (1.5/5). Pi Network's price drivers: 0 ▲ price up, 1 ▼ price down.

Why does the Pi Network price keep dropping?

Mostly supply. Pi Network adds 2.93% new coins in 90 days, while demand reads very weak (1.5/5). Binance and Coinbase still have not listed PI, so new buyers are harder to reach. PI sits near 7.9 cents (Oct 15 2026). By supply and demand, Pi Network's long-run signal is negative today.

What Pi Network update should we watch next?

Protocol 28 was set for mainnet on Oct 16 2026. The stablecoin plans still look vague, and Binance and Coinbase have given no listing date yet. Kraken has listed PI since Mar 13 2026. That leaves Pi Network's long-run signal at negative, by supply and demand.

Is $100 possible for Pi Network?

It would take 1,263 times today's value: $100 × Pi Network's coins in the market = about $1.12 trillion, against $890M now (Oct 17 2026). Pi Network's supply also grows +11.74% 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 (+2.93% in 90 days), or demand falls from very weak, or Big exchange listings keeps pointing down. Next date to watch for Pi Network: Oct 16 2026 — Protocol 28 on mainnet.

Is Pi Network a good investment in 2026?

On our framework Pi Network scores 2.5/10 (Oct 17 2026), with supply 1/5 (very heavy) and demand 1.5/5. In the next year Pi Network's supply changes +11.74%, 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: +2.93% 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 17 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 +2.93% 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 +2.93% 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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