Pi pricePI

A detailed analysis of 'today's Pi price performance' requires a crucial clarification: as of November 8, 2025, the native cryptocurrency of Pi Network, known as Pi coin, is not officially launched on an open mainnet and therefore does not have an official, publicly traded market price on major cryptocurrency exchanges [1, 2, 4, 6, 8, 11, 14]. Pi Network remains in its 'Enclosed Mainnet' phase, meaning transactions are largely confined within the Pi ecosystem, and external trading of the actual Pi coin is not yet enabled [4, 6, 11, 14].

Any 'Pi price' observed on various platforms is typically associated with speculative IOU (I Owe You) tokens. These IOU tokens are not the actual Pi cryptocurrency and are highly volatile and speculative, not reflecting the intrinsic value or official market performance of Pi coin [1, 2, 3]. Although some prior announcements from platforms like Bitget indicated an Open Network launch and potential listing around February 20, 2025 [15, 16], more recent information from November 2025 clarifies that the Pi Core Team has not partnered with any trading platform, including Bitget, for officially sanctioned trading of the actual Pi coin, as the Open Mainnet remains pending [11, 14]. Therefore, caution is advised for any claims of official Pi coin trading on any exchange.

Factors Affecting Potential Future Pi Price (Post-Open Mainnet Launch)

While an official price is absent, several factors are being closely watched that could significantly influence Pi's value once it transitions to an Open Mainnet and becomes openly tradable:

1. Open Mainnet Launch and Accessibility: The most critical factor is the eventual launch of the Open Mainnet. This transition would enable external transactions and allow Pi to be listed on cryptocurrency exchanges, thereby creating an official market price based on supply and demand [14, 16]. The long-awaited Open Mainnet is still pending, despite core infrastructure being 100% complete [4, 6]. Pi Network recently released a major interface update seen as a strong indicator of an imminent Mainnet V23 launch [13].

2. Utility and Ecosystem Development: The real value of Pi will be heavily tied to the utility it offers within its ecosystem. Pi's smart contract system is currently in testnet, with around 47 decentralized applications (dApps) in development [4, 6]. The development of the Pi DEX (Decentralized Exchange) and token creation tools on the Pi Blockchain are expected to enhance its DeFi potential [4, 6]. Recent updates, including the launch of Pi's DeFi testnet with AMM and DEX functionalities in the Pi Wallet, aim to expand its ecosystem and prepare for broader adoption [7].

3. Network Effect and User Base: Pi Network boasts a substantial user base, reportedly exceeding 47 million registered users and around 150,000 daily transactions [4, 6]. This large community represents a significant network effect, which could drive adoption and demand once the coin is tradable. The project continues to grow its ecosystem, aiming to transition its mobile-first approach into a major player in decentralized finance [4].

4. KYC Progress and Mainnet Migration: The Know Your Customer (KYC) process is crucial for network integrity and allowing users to migrate their mined Pi to the Mainnet. Recent advancements in automated KYC processes have allowed millions more Pioneers to become eligible for full verification, enhancing the network's overall integrity [7].

5. ISO 20022 Integration: Pi Network has announced plans to align its blockchain with the ISO 20022 global financial messaging standard by November 22, 2025 [7, 8, 12]. This integration aims to boost banking compatibility and could position Pi for more transparent, secure, and faster financial transactions, potentially making it more compatible with traditional financial networks [7, 8, 12]. However, analysts note that ISO 20022 compliance alone doesn't guarantee global recognition or bank approval without broader regulatory and institutional partnerships [8].

6. Market Sentiment and Broader Crypto Trends: General cryptocurrency market sentiment, regulatory clarity, and macroeconomic factors will undoubtedly play a role in Pi's price performance once it launches. The enthusiasm and frustration within the community, alongside developer confidence, also contribute to overall market perception [5].

Current Performance Observations (IOU Tokens)

While not indicative of the actual Pi coin's future, the speculative IOU tokens have shown volatility. For instance, IOU Pi tokens have seen price fluctuations, including a recent decrease of approximately 5.63% in 24 hours to around $0.2283 on November 4, 2025 [4, 6]. These movements are influenced by high exchange supply and speculative trading, not by the utility or adoption of the actual Pi coin [4]. Data shows that trading volumes for these IOU tokens can reach significant figures, indicating a speculative interest in the unlaunched asset [1, 2, 10].

Investor Outlook and Caution

For investors and observers, it is critical to understand that Pi Network is still in a developmental phase, and its native cryptocurrency has no official market value for open trading. Trading in IOU tokens carries substantial risk due to their speculative nature and the fact that they are not the official Pi coin [1, 3]. Until the Open Mainnet is fully launched, and Pi coins become freely tradable on reputable exchanges, any investment in speculative 'Pi' assets should be approached with extreme caution. The project continues to develop, with upgrades aimed at enhancing its functionality and paving the way for eventual mainstream adoption [4, 13]. Investors should rely on official announcements from the Pi Core Team regarding mainnet launch and exchange listings [11, 14].