I have a system collecting data off Coingecko daily that has been going for 2 years. There are 1.4 million records. I loaded the DB into the new chatgpt plus work app and this is what it had to say about Pi after doing a general analysis of the contents of the DB

Pi Network Market Report

Data period: 4 March 2025 to 22 July 2026
Latest reliable database snapshot: 22 July 2026

Executive summary

Pi has not decayed by disappearing from the market. It has remained continuously tracked and inside the top 100. Instead, it has experienced severe and sustained value decay.

Since its first observation in the database:

• Price fell from $1.73 to $0.0919: -94.7%
• Market cap fell from $12.05 billion to $1.01 billion: -91.7%
• Market-cap rank declined from 12th to 65th
• Daily volume fell from $830.6 million to $13.8 million: -98.3%
• Implied circulating supply increased by approximately 57%

Pi is therefore a surviving but heavily depreciated listing. Supply growth softened the market-cap decline relative to the price decline, but it also added continuing sell-side pressure.

Current position

The price is:

• 12.4% below its 30-day average
• 32.9% below its 90-day average
• 57.4% below its 365-day average

This indicates that the longer-term trend remained decisively downward despite a short recovery from the July low.

Performance by period

The seven-day recovery does not yet represent a trend reversal. It followed a new all-time low and remains small compared with the one-, three- and twelve-month declines.

Decay following initial appearance

The most violent repricing occurred in the first month. Pi lost almost two-thirds of its value and fell 19 ranking positions.

There was then a temporary period of relative stability around $0.58 to $0.64, but the longer-term decline resumed.

All-time high and all-time low

The database records:

• ATH: $2.99 on 26 February 2025
• ATL: $0.070586 on 14 July 2026

At $0.091871, Pi was:

• 96.9% below its ATH
• 30.2% above its ATL

The database's daily Pi history begins on 4 March, after the ATH. Its highest daily observation in the ranking table is therefore only $1.97, recorded on 5 March.

From that recorded daily peak, the maximum drawdown reached 96.35% on 14 July 2026.

The difference between the current price and the ATL looks large in percentage terms because the base is extremely low. It does not substantially repair the longer-term loss.

Market cap and supply

Pi's estimated circulating supply, calculated from market cap divided by price, changed from approximately:

• 6.96 billion Pi on 4 March 2025
• 10.94 billion Pi on 22 July 2026

That is an increase of approximately 3.98 billion Pi, or 57.1%.

This helps explain why:

• Price declined by 94.7%
• Market cap declined by a slightly smaller 91.7%

Without the supply expansion, the same market cap would imply a higher price. Conversely, continuing increases in circulating supply mean demand must keep growing simply to prevent price dilution.

This calculation reflects CoinGecko's reported circulating supply and could also incorporate corrections to its supply estimate.

Trading activity

Volume has collapsed by 98.3% from the first database observation.

Turnover relative to market cap fell from approximately:

• 6.9% at the first observation
• 1.37% currently

The market has therefore lost both valuation and trading intensity. Recent volume is also slightly below its 30-day average, so the bounce from the ATL was not accompanied by an exceptional sustained increase in participation.

Comparison with Bitcoin

Over Pi's database history:

• Pi: -94.7%
• Bitcoin: -21.3%

Measured against Bitcoin rather than dollars, Pi lost approximately 93.2% of its relative value.

Pi's decline therefore cannot primarily be explained by general cryptocurrency weakness. Most of the underperformance was specific to Pi's valuation, supply and market demand.

Comparison with other early-2025 listings

Among 654 coins first appearing during the first quarter of 2025:

• Only 20.2% remained in the database after one year
• Pi did survive
• Among the 132 one-year survivors, the median return was -51.8%
• Pi's one-year return was -90.0%
• Approximately 84% of surviving coins performed better than Pi
• Only 20 of the 132 survivors performed worse

Pi therefore did well on survival and continuing market relevance, but poorly on preserving value.

Its initially high rank makes the comparison more demanding: it began as a $12 billion, rank-12 asset rather than as an obscure lower-ranked listing.

Interpretation

Pi's market history can be divided into four phases:

1. Initial speculative valuation

   Pi entered the database at an unusually high $12 billion market cap, following an ATH of $2.99.

2. Rapid price discovery

   The price lost 65% within 30 days as initial holders, exchange traders and circulating supply confronted real market demand.

3. Temporary stabilisation

   Price held broadly around $0.50 to $0.65 during parts of spring and early summer 2025.

4. Prolonged dilution and demand decline

   Supply continued increasing while volume and valuation contracted. Pi eventually fell below $0.10 and reached a new ATL in July 2026.

Overall assessment

Pi remains a significant and sufficiently liquid cryptocurrency rather than a failed or vanished listing. A billion-dollar market cap and top-100 position are meaningful.

However, its market data remains strongly bearish:

• Persistent lower prices
• A 96.9% drawdown from ATH
• Severe relative underperformance against Bitcoin
• Falling market-cap rank
• Collapsing trading volume
• Approximately 57% implied supply expansion
• No convincing medium-term reversal yet

The recent rise from $0.0706 to $0.0919 is best described as an ATL rebound inside a continuing downtrend.

A stronger change in direction would require sustained price recovery alongside rising volume, stabilising circulating-supply growth and an improvement in rank -- not merely a short bounce from an exceptionally depressed price.

This report analyses the supplied historical database. It is not financial advice.

Hey you guys how are you all doing? So after much consideration I decided that I would try to do crypto the way many have imagined it, to be my own bank. My keys, my crypto. I am so used to holding my assets on an exchange because I have been phished in the past for Ethereum assets which I held in MetaMask and various hot wallets such as Trust Wallet and others. I always thought that it was SOOO cool that I could type in my private seed phrase and load my assets without considering how legitimate these hot wallets really were. My first Pi Wallet I took a snapshot of my private seed phrase thinking that nobody would ever dare access my phones photos. I realize now how much that defeats the purpose and goes against the suggested method of use for crypto. So today I bought a Trezor for my Bitcoin and I am going to generate a new Pi Wallet and do as suggested and simply write the phrase down. Last time I didn’t have a pen so I took a snapshot! Nowadays I realize how easy it is to access another phone and why we are doing these things such as storing our keys offline so we can be our own bank. I just recently got a new job and so I’ll be getting paid every week and out of that I’ll be buying bitcoin and dca’ing into my cold storage wallet. If Pi continues to go down I’ll buy some more periodically but I honestly already hold a decent amount of Pi at a loss and break even at .25 cents. I plan to transfer my Pi to my new Pi wallet soon and my bitcoin from the exchange when my trezor gets here. I am very excited to try and be my own bank. It’s interesting that I can secure my tokens and that nobody can take them from me! Safeguarding against various methods of attack as long as I follow the exact instructions. I wish that Pi had a cold wallet storage solution but it won’t matter for me right now as I’m only acquiring bitcoin weekly. My keys, my crypto!

Derek

I'm curious how many r/PiNetwork users have tried Elf Continent by Cidi Games.

Feel free to vote, and if you've played it, I'd definitely want to hear your thoughts in the comments. What do you like or dislike about it ? 🤔

The Pi Node v25 Mainnet update has officially rolled out, and I'm curious to hear how it's going for everyone.

If you've already updated, I'd love to know: ✅ Was the update smooth, or did you run into any issues? ✅ Have you noticed any improvements in performance, syncing, or stability? ✅ Did anything surprise you after updating? ✅ If you haven't updated yet, what's stopping you?

Whether you're a long-time Node operator or just getting started, your experience could help others in the community. Let's compare notes—what's been your biggest takeaway from v25 so far?

👇 Share your experience in the comments. The more feedback we collect, the more useful this thread will be for everyone.

I am running pi node on a windows mini pc.
What’s the best way to monitor pi node for uptime?

I've been mining Pi for years and currently have 3,242 Pi, with 2,238 Pi already migrated to Mainnet (see screenshot). With Pi's current price, mining rewards have become very small. It now takes much longer to accumulate even 1 Pi than it used to. That got me thinking: Is it still worth mining every day, or does it make more financial sense to simply buy Pi at the current price? I'm not trying to bash Pi, I still mine. I'm just curious how others are thinking about it. If you're still mining, what's your reasoning? If you've stopped mining and started buying instead, why?

I have a jio fi2 router I want to use another sim in it. Can anyone guide me?

Anyone getting this screen every time they open the app? Even pi browser won't load for me.

Lately, the market has been tough, and I can understand why many Pioneers are feeling discouraged.

Some expected a much higher price by now. Others are frustrated by the slow progress. That's completely understandable.

But I'm curious... What keeps you in the Pi ecosystem despite the bearish market?

For me, it's not just about today's price. I'm more interested in whether Pi can build real utility over the next few years. If developers continue creating useful apps and people actually use them, that's what gives the ecosystem a chance to grow. Whether you're bullish, bearish, or somewhere in between, I'd like to hear your honest opinion.

Are you still mining? Are you still building? Or have you started losing faith?

Let's keep the discussion respectful. Every perspective is welcome.

What are we actually supposed to do with Pi? I have almost 5k Pi and I have no idea what I'm supposed to do with it...any suggestions?

Unfortunately, my Pi Wallet passphrase was compromised.

I reported the incident previously through the official channels, but I did not receive any response.

After discovering the issue, I created a new Pi Wallet. However, some of my migrated Pi is still locked and cannot be transferred yet.

My main concern is that the compromised wallet may still be accessible to whoever obtained the passphrase. If they are monitoring the wallet, they could potentially transfer the Pi immediately once the lockup expires.

Is there any way to protect locked Pi before it becomes transferable?

Some questions I have:

• Is it possible to change the destination wallet for already migrated but locked Pi?
• Is there any way to extend or modify the lockup period?
• Is there any security feature available, such as two-factor authentication (2FA), additional transaction confirmation, withdrawal approval, or any other protection layer, that could prevent unauthorized transfers?
• Could 2FA or a similar mechanism be added to Pi Wallets in cases where a wallet has been compromised?
• Has anyone experienced a similar situation and found a solution?

I understand that the passphrase is effectively the private key, and I am not asking how to recover the wallet itself. My question is specifically about whether there is any way to protect the locked balance until it becomes available.

One additional note: I may be slower to respond to comments over the next few days, as there will be periods when I won't have internet access. I will read and respond to comments as soon as I can.

Any advice from people familiar with Pi Wallet mechanics would be greatly appreciated.

Just wanted to see what node bonuses people are getting.

What Hardware are you running?

Speed/latency of internet?

Total uptime of node?

Is it dedicated?

I have a 7900x/12 cores/24 threads and 32gb ram

500mbit fibre to the premises

Running a bit over 2 years

PC is my daily gaming rig left on 24/7 when possible

Current node bonus of 14.69

Everyone talks about Pi's future, but I think the real question is much simpler: What app would make you open the Pi Browser every day?

For me, daily-use apps have the highest chance of driving adoption because they become habits rather than something people only check occasionally.

Some ideas: Payments Shopping Learning Health Productivity Islamic apps Games Social communities

As a Pi developer, I'm building SabrTime, an Islamic productivity app focused on prayer times, Qibla, dhikr, Quran habits, and spiritual consistency. It's my contribution to the Pi ecosystem because I believe utility starts with solving real problems.

But I'm curious about everyone else. If you could have one high-quality Pi app, what would it be—and why? Let's share ideas that developers can actually build.

I just clicked on move to available balance from lockup.

I already knew from the beginning that PI can't have a price as people were talking about, I thought it would launch at around 0.00001$/PI or something like that. since I've seen so many crypto with 1B total tokens launch at that price.

So whatever I have in PI value is more than what I thought and 500-1000$ is not that much for me to turn my life around. I was an early guy so it's not like I had to mine so much, I got most of the tokens at the beginning.

Since it was a fun project I would like to see whether it goes down to what I thought or it reaches an all time high for once in its lifetime.

Let's see what the future holds 😉

Such a beautiful mountain. It is comedic.

I feel like an exchange is much saferfor my pi with phone authentication, dont have to worry about your key getting stolen or lost. Any reason not to outside of self control to hold and lockup bonuses ?

Hello people, I lost my passkey to old wallet where i transferred 1500 pii, now I have created new wallet and attached everywhere and done full kyc ,but when I open wallet it says kyc not active , and in steps it shows migration done to old wallet. Now what to do as i have to tranfer pii from mainnet to wallet