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Today, December 11, 2025, marks a significant period for the Pi Network, which has officially transitioned to its Open Network phase on February 20, 2025, at 8:00 AM UTC. This long-anticipated move has brought Pi into a new era, allowing for external connectivity and setting the stage for its ecosystem to develop further.
Today's Pi Price Performance
As of December 10-11, 2025, the Pi (PI) coin is being traded on various centralized exchanges, with its price fluctuating around $0.21 to $0.22 USD. The 24-hour trading volume has been reported in the range of $15.68 million to $16.8 million. The market capitalization stands at approximately $1.84 billion, based on a circulating supply of around 8.3 billion PI tokens.
Notably, upon its open mainnet debut on February 20, 2025, the PI coin reportedly launched at over $1, but experienced intense sell-offs, leading to a significant price decline. Since then, the price has seen a general downward trend, with a 14% decline over the past two weeks and a staggering 93% drop from its all-time high of $3 witnessed earlier in the year. Technical analysis indicates a bearish trend, with PI trading below major moving averages.
Factors Affecting Pi Price
Several key factors are currently influencing Pi's price performance and its potential trajectory:
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Open Mainnet Transition: The successful transition to Open Network in February 2025 was a monumental step, opening the door for broader utility and tradability. However, the initial market reaction saw a sharp sell-off, suggesting that early adopters capitalized on the opportunity to liquidate holdings.
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KYC Progress and Token Migration: The Pi Core Team has made significant strides in Know Your Customer (KYC) verification, with 17.5 million users completing the process. AI integration has accelerated KYC reviews by 50%, enabling faster token migration from the testnet to the mainnet and subsequently to centralized exchanges. This increased flow of tokens onto exchanges contributes to higher supply pressure.
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Upcoming Token Unlocks: A substantial unlock of 190 million tokens is anticipated in December 2025, with over 182 million PI expected to be released in the next 30 days. Such large-scale unlocks typically increase selling pressure, potentially leading to further price corrections.
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Ecosystem Development and Utility: The long-term value of Pi heavily relies on the development of its ecosystem and real-world utility. Efforts are underway to foster decentralized applications (dApps) and partnerships, such as the collaboration with CiDi Games, to expand the use cases for PI. The success of these initiatives will be crucial for sustained demand.
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Regulatory and Legal Challenges: The project is currently facing a lawsuit from a group of users who allege the founders secretly sold billions of PI tokens, manipulated prices, and deliberately delayed the Open Mainnet. The initial court hearing is scheduled for December 23, 2025. This legal uncertainty introduces significant risk and can negatively impact investor sentiment.
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Market Sentiment: There is mixed sentiment within the Pi community, with some proponents comparing its current stage to early Bitcoin, while critics point to past delays and ongoing legal issues as erosion of confidence. The current market exhibits a bearish trend, indicating weak sentiment in the short term.
Exchange Presence and Clarification
While Pi is actively listed and traded on several centralized cryptocurrency exchanges, providing it with a discernible market price and trading volume, it is important to note the nuanced status regarding some platforms. For instance, Bitget's own information page for Pi lists a live price and market cap. However, it also indicates that PI is primarily acquired through mining via the Pi Network application and is not available to buy or trade on crypto exchanges. This suggests a distinction between tracking sites that reflect activity across various platforms and specific exchange policies, with some exchanges facilitating trading despite the Pi Core Team's previous emphasis on an enclosed mainnet phase.
Insights for Investors and Observers
For investors and observers, Pi Network presents a unique proposition. The recent open mainnet launch has finally given the token a market presence, but its price performance has been volatile, marked by an initial surge followed by significant corrections. The large user base and the emphasis on a mobile-first, accessible cryptocurrency remain compelling. However, the substantial token unlocks, ongoing legal challenges, and the need for robust ecosystem development to drive genuine utility underscore the speculative nature of PI. Due diligence is paramount, focusing on the project's ability to overcome these hurdles and deliver on its promise of a widely adopted, utility-driven cryptocurrency. The project is still in its early stages of open market exposure, and its long-term viability hinges on sustained development, community engagement, and a favorable resolution to its legal and regulatory landscape.
The cryptocurrency market on December 12, 2025, is experiencing a dynamic period, marked by several key developments influencing investor sentiment and asset valuations. Regulatory discussions, technological advancements, and shifting macroeconomic factors are collectively shaping the landscape.
One of the most prominent topics today revolves around ongoing regulatory clarity, or the lack thereof, in major jurisdictions. Governments globally are grappling with how to integrate digital assets into existing financial frameworks. This has led to a cautious yet optimistic outlook among institutional investors, who are closely watching for definitive guidelines that could pave the way for broader adoption. The anticipation of new legislative proposals in key economic blocs is creating both speculative opportunities and potential headwinds for various tokens, depending on the perceived favorability of these upcoming regulations.
Technological innovation continues to be a significant driver of market activity. Developments within the decentralized finance (DeFi) sector are particularly noteworthy, with new protocols and lending platforms emerging that promise enhanced security, scalability, and user experience. The ongoing evolution of Layer 2 solutions for prominent blockchains is also garnering attention, as these aim to address congestion and high transaction fees, making decentralized applications more accessible and efficient for everyday use.
Non-fungible tokens (NFTs) are also seeing continued, albeit more mature, interest. While the speculative frenzy of previous years has subsided, the utility-driven aspects of NFTs are gaining traction. Projects integrating NFTs into gaming, intellectual property rights, and digital identity management are demonstrating real-world applications beyond just collectibles. This shift towards practical use cases is fostering a more sustainable growth trajectory for the NFT market.
From a macroeconomic perspective, global inflation concerns and central bank monetary policies are having an undeniable impact on the crypto market. As traditional financial markets react to interest rate adjustments and economic forecasts, cryptocurrencies often mirror these trends, sometimes serving as a hedge against inflation for some investors, and as a higher-risk asset for others. The fluctuating value of major fiat currencies against a backdrop of global economic uncertainty is contributing to the volatility observed across digital assets.
Bitcoin (BTC) and Ethereum (ETH), as the two largest cryptocurrencies by market capitalization, remain central to market movements. Any significant price action in these assets tends to ripple across the altcoin market. Today’s sentiment around BTC and ETH is influenced by the factors mentioned above – regulatory outlook, technological upgrades (such as Ethereum’s ongoing roadmap for scalability and efficiency), and broader economic indicators. Traders are closely monitoring on-chain data and institutional flows for signals regarding their short-to-medium-term price direction.
Altcoins, particularly those with strong development teams and clear roadmaps, are also experiencing notable interest. Projects focusing on interoperability, data privacy, and real-world asset tokenization are seeing increased engagement from developers and investors alike. The continuous cycle of innovation within the altcoin space ensures a diverse and ever-changing landscape for market participants.
In summary, December 12, 2025, presents a cryptocurrency market shaped by a complex interplay of regulatory anticipation, technological breakthroughs in DeFi and Layer 2 solutions, the evolving utility of NFTs, and the persistent influence of global economic conditions. While volatility remains a characteristic of the market, the underlying trend points towards continued innovation and a gradual maturation of the digital asset ecosystem. Investors are keenly observing these developments to position themselves in an ever-evolving market.
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About Pi (PI)
What Is Pi Network?
Pi Network is a unique crypto project and blockchain ecosystem. It aims to make cryptocurrency mining accessible to everyone – even if you’ve never mined a coin before in your life. Unlike Bitcoin, which requires energy-intensive hardware, Pi lets you mine coins just by tapping a button on your phone. Sounds simple? That’s the idea. Since launching in 2019, Pi has built a massive global community of users (called Pioneers) who earn Pi coins by participating in a social, trust-based network.
How Was Pi Network Created?
Born on Pi Day (March 14, 2019), Pi Network set out with a bold mission: make cryptocurrency easy for everyone. It kicked off with a simple mobile app and quickly grew a dedicated user base that earned Pi coins by checking in daily and building trust circles. Instead of needing technical know-how or expensive gear, all you needed was your phone.
Important milestones include:
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March 2019: The app launches in beta
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March 2020: Pi Testnet begins
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December 2021: Enclosed Mainnet phase begins (internal blockchain goes live)
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February 20, 2025: Full Mainnet goes public (Open Mainnet)
Who Built the Pi Network?
Pi Coin was created by a group of Stanford Ph.D. graduates: Dr. Nicolas Kokkalis (Computer Science), Dr. Chengdiao Fan (Anthropology), and Vincent McPhillip (who later left the team). With their academic backgrounds, the team focused on building a blockchain system that combined technical innovation with social behavior.
How To Mine Pi Coin?
Mining Pi is simple. You download the Pi Network app on your phone, sign in, and tap a lightning button once every 24 hours. That’s it. Your phone isn’t actually doing complex calculations. Pi Network runs on a social security model where users create trust circles and build decentralized consensus.
There are four types of users:
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Pioneer: A daily user who taps to mine.
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Contributor: Adds trusted users to a "security circle" to help secure the network.
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Ambassador: Invites others to join and earns bonuses.
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Node: Runs the actual blockchain software on a desktop (more technical).
Mining rate decreases over time as more users join, making early participation more rewarding.
Has Pi Been Listed on Exchanges?
Pi officially transitioned to open mainnet on February 20, 2025. That means Pi coins can now (in theory) be traded outside the app. Some exchanges have listed Pi or Pi IOU tokens. However, a full global listing is still in progress.
Can I Buy Anything With Pi Coin?
Yes – but mostly within the Pi community. Some users have bought small items like mugs, t-shirts, electronics, or food by using Pi as a form of barter. Pi even held a "PiFest" event where over 100,000 merchants signed up to try accepting Pi. However, big-name stores and apps don’t accept Pi yet. It’s still very early, and Pi’s buying power is community-driven rather than mainstream.
Is Pi Network Legit?
Pi doesn't require upfront investment or fees to start mining, which sets it apart from many scams. The core team is transparent and development continues steadily. While it's too soon to say Pi is a guaranteed success, it certainly isn’t a get-rich-quick scheme or an obvious fraud. It’s a slow-burn crypto experiment worth watching.
How to Complete KYC Verification on Pi
To unlock and use your Pi in the real world, you'll need to complete KYC (identity verification). Here’s how:
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Install Pi Browser (separate from the Pi Network app)
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Create a wallet and save your recovery phrase somewhere safe
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Tap the KYC icon, upload your ID, and verify your face with your camera
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Submit and pay the small fee (usually 1 Pi) and wait for confirmation
Once verified, you can move your coins from in-app balance to your mainnet wallet and start exploring what Pi can offer.
Pi Coin Price Today: Hype, Hope, and Honest Reality
From "How much is 1 Pi coin worth?" to "Can Pi make me rich?" – the curiosity around Pi Coin’s value is sky-high. The truth is, Pi’s price is still taking shape. Depending on the platform, 1 Pi might be valued anywhere from a few bucks to ambitious future projections. But keep in mind: prices seen on smaller exchanges or peer-to-peer groups don’t necessarily reflect stable market value.
At this stage, Pi’s real worth isn’t just in dollars – it’s in its growing community, expanding use cases, and slow but steady journey into the crypto mainstream. It’s not magic money, but it’s not meaningless either. Pi’s value will ultimately come from what people can do with it, not just what it trades for.
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