Pi Network Latest News | How much is the mobile phone mining PI coin worth now? The core team went crazy to unlock 170 million tokens! Pi Network is about to collapse or is it a desperate counterattack?

Original author：加密头条

Original source：https://www.youtube.com/embed/Blt-EQjKtrk

It has been more than seven years since Pi Network was launched in 2019. The core team intensively promoted protocol 24, 25 and 26.0 upgrades in June 2026. However, the price of the native token PI still hovers in the range of US$0.12 to US$0.13, down more than 90% from the historical high. Officials claim to have about 16.2 million mainnet migration users and 17.7 million users who have passed KYC, but there are only about 9.11 million active wallets on the chain, and the quality of the data is questionable. The current Pi network is maintained by 28 core nodes and 3 validators, with a high degree of centralization. Only Kraken and OKX have launched spot transactions, while Binance and Coinbase remain on the sidelines. More than 174 million PI tokens are expected to be unlocked in June 2026, creating significant supply pressure. Although there are more than 300 mainnet applications in the ecosystem, most of them are in the development and testing stage and the actual usage rate is low; the team recently launched the Vibe Coder activity to encourage AI-assisted development of lightweight applications. At the community level, long-term waiting has led to an increase in user fatigue, and the decreasing mining rate has weakened economic incentives. However, there are still some firm holders who continue to stay based on emotional ties. In terms of supervision, a class action lawsuit in California in the United States accused the project party of false statements and securities fraud, and the SEC may determine it as an unregistered securities issuance; Chinese police have determined it to be an illegal fund-raising activity in 2025, affecting approximately 30 million users. Kraken's launch of PI spot trading in March 2026 was a compliance breakthrough, but Binance's silence for more than 15 months reflects concerns about code transparency and decentralization. The short-term price faces triple pressures of unlocking tide, macro risk aversion and liquidity stagnation. Under the medium- and long-term neutral scenario, it is expected to fluctuate between 0.10 and 0.30 US dollars. To be bullish, it needs to be listed on top exchanges and have high-impact applications. If it is bearish, it may fall to 0.05 to 0.10 US dollars. Overall, Pi Network is in the midst of contradictions between technology acceleration and market neglect, huge users and data distortion, compliance pressure and exchange hesitation. After seven years of waiting, the real mainnet opening and ecological landing have not yet come.