As the cryptocurrency market continues to diversify and expand, Pi Network remains one of the most controversial yet closely followed projects. Despite not being officially listed on spot exchanges, the Pi token has attracted massive attention due to its mobile mining model and a global user base. The keyword “Pi price today” continues to trend, reflecting strong investor interest and demand for information.
As of early July 2025, the Pi price today ranges around $0.49 – $0.50 USDT, based on IOU (I Owe You) trading data from Gate. This price represents speculative trading value and does not reflect a fully liquid or transferable token, as Pi Network has not yet activated unrestricted token withdrawals.
According to Gate data, over 66.33 million PI were traded in the past 24 hours, totaling approximately $32.39 million USDT in volume. This highlights the community’s ongoing interest and speculation, even though Pi is not yet freely transferable or traded on-chain.
One of the key reasons Pi’s speculative price retains traction is its large verified user base—now surpassing 50 million KYC-completed users globally. Pi Network has cultivated an active mining ecosystem in regions such as Southeast Asia, India, Nigeria, and Latin America, where access to traditional financial services remains limited.
This community does more than just mine Pi—it also spreads belief in its future potential. The development of ecosystem applications like Pi Browser, PiChainMall, and Pi Commerce further demonstrate efforts to create real utility for the token within the testnet phase.
One of the most frequently asked questions is whether the current Pi price accurately reflects the project’s value. The short answer: not yet. While Pi Network has entered its Open Mainnet phase, token withdrawals and external transfers remain restricted. Thus, current prices remain speculative and sentiment-driven.
Institutional investors typically evaluate projects based on tokenomics, transparency, open-source code, and decentralization. At this time, Pi Network has not published its source code, disclosed detailed token distribution, or transitioned to community governance—all of which have raised concerns among Web3 developers and users.
While Pi is not yet officially tradeable on-chain, its future price will depend on several key factors. First, the progress of a fully operational mainnet launch. If Pi Network enables unrestricted token transfers, its price will finally be shaped by true supply-demand dynamics.
Second, transparency in the ecosystem—including token allocation, mining rewards, and project governance—will be essential to attracting serious investors. Lastly, listing on major exchanges like Gate could offer the liquidity needed to validate Pi’s market value and stabilize its trading activity.
Gate has a long-standing history of supporting new Layer-1 networks and emerging tokens, offering trading tools, staking options, and airdrop campaigns. If Pi Network successfully launches a transparent and decentralized mainnet, Gate could be among the first exchanges to support a Pi/USDT spot trading pair—bringing real liquidity and regulated access to millions of users.
Until then, Gate users can stay informed about Pi through updates, community surveys, and testnet campaigns available via Gate Learn or Gate Blog.
While Pi’s speculative price may inspire hope, investing based on unverified or non-transferable assets poses significant risks. These include lack of legal protection for IOU trades, the possibility that mainnet may not launch as expected, and the risk of the project failing to meet basic standards of transparency and security.
Investors are advised to proceed with caution, conduct thorough research, and await official updates from the Pi team before making capital commitments.
Pi price today reflects the community’s optimism and belief in the project’s long-term potential. However, until unrestricted token withdrawals are enabled and liquidity is established, the current price remains speculative. Still, if Pi follows its roadmap, strengthens its ecosystem, and gains transparency, it could become one of the most noteworthy Web3 tokens in the coming cycle. Users should continue to follow developments through Gate, track listing potential, and be ready to access trading tools when Pi becomes officially tradable on regulated platforms.