PI (Pi Coin) is currently trading at $0.21, with a market capitalization of approximately $1.754 billion.

Gate News Bot Message, January 04th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.21, up 0.83% in the past 24 hours, with a high of $0.22 and a low of $0.20. The current market capitalization is approximately $1.754 billion, ranking 45th.

Pi is the first digital currency that can be mined on mobile phones, utilizing innovative technology to enable mining without draining the battery. Pi Network is committed to building a decentralized, secure, and user-friendly digital currency ecosystem. The project offers a free mobile app that allows users to start mining by inviting trusted existing members. Pi Network emphasizes the features of security, unforgeability, and interoperability, while also focusing on user experience and environmental sustainability, enabling blockchain security expansion without significant electricity consumption.

Recent Important News about PI:

1️⃣ Large-scale Security Incident Causes Short-term Impact on Network Governance

Recently, Pi Network experienced a serious social engineering attack, resulting in the theft of over 4.4 million PI tokens. The project team has urgently suspended wallet payment request functions. Scammers exploited blockchain transparency to lock large amounts of PI in wallet addresses and then impersonated payment requests to deceive authorization. Since July 2025, related scam wallets have received between 700,000 and 800,000 PI tokens, with a noticeable acceleration in fund inflow in December. This incident highlights the security governance challenges Pi Network faces during the critical mainnet migration phase. Although the project introduced two-factor authentication, optimized KYC processes, and launched Node version updates in March, the large-scale scam events still reveal vulnerabilities in current risk control mechanisms. The incident may cause short-term impacts on user confidence and underscores the difficulty in balancing user protection and decentralization.

2️⃣ Upcoming Large-scale Token Unlocks Create New Supply Pressure

Pi Network plans to unlock a large amount of tokens in January 2026, releasing approximately 134 million PI tokens, far exceeding the about 8.7 million tokens unlocked at the end of December. The number of pioneer users has surpassed 60 million, and the community expects the large user base to absorb the new supply. However, due to limited trading channels for PI, insufficient support from mainstream exchanges, and an incomplete price discovery mechanism, whether the market can fully absorb the large unlock remains uncertain. Although December’s unlock did not cause obvious disturbances, most analysts consider it a preliminary “stress test.” The fifteenfold increase in unlock volume in January makes the market impact difficult to fully predict. Without strong fundamentals and sufficient external liquidity, the new supply may exert ongoing downward pressure on the price.

3️⃣ DEX Architecture Upgrade and Mainnet Infrastructure Optimization Provide Ecosystem Support

Pi Network is conducting a structural upgrade of its testnet decentralized exchange, migrating multi-token liquidity pools into Pi-denominated liquidity trading pairs, aiming to concentrate on-chain liquidity and reduce trading slippage. Under the new architecture, users no longer need to convert through multiple intermediary tokens, bringing the system closer to the mainstream asset anchoring model of mature DeFi markets. Meanwhile, over 1.2 million previously restricted users have been unlocked, allowing about 250,000 users to resubmit KYC applications. The first Open Network era hackathon received 215 mainnet application submissions, covering areas such as privacy social, merchant loyalty, gaming, and entertainment. These infrastructure developments indicate that Pi Network is steadily advancing its mainnet transition, creating conditions for ecosystem application deployment and providing substantial support for mid-term development.

4️⃣ Expansion of Ecosystem Applications and Commercial Scenario Implementation Continues

During the holiday period, Pi Network promoted large-scale merchant participation activities, with over 220 global merchants involved in holiday trading scenarios and more than 125,000 merchants participating in holiday business plans. After the testnet DEX upgrade, no obvious price disturbances occurred, reflecting the project’s focus on infrastructure efficiency rather than short-term scale expansion. Over 215 mainnet applications remain active within the ecosystem, covering business, services, and community interaction scenarios. The expansion of these practical use cases provides fundamental support for the project, although in the short term, it may not fully offset the selling pressure caused by token unlocks.

This message is not investment advice; please be aware of market volatility risks.