Pi Network's token changed hands near $0.0792 on Oct. 22, 2026, as the project counted down to its first ecosystem summit next month. The price leaves the coin roughly 97.3% below its February 2025 peak, despite a series of developer updates rolled out during the year.

First Pi Ecosystem Summit Set for Nov. 17–19

Pi Network announced the online event on Oct. 15. The three-day summit, running Nov. 17–19, is billed as a celebration of progress across the ecosystem, bringing together the core team and developers to share their progress and vision.

Organizers have promised platform announcements, developer demonstrations, and new details about an upcoming hackathon, though no confirmed agenda of specific releases has been published. The project says more than 300 applications are live on its Mainnet, but it has not provided comprehensive figures on how much those applications are actually used. Crypto projects routinely use ecosystem summits to showcase roadmaps and court developers, which makes the promised hackathon details and platform announcements the concrete items to watch when the event opens.

A Payments Experiment That Has Yet to Deliver

Pi Network set out to disrupt the payments industry by positioning itself as a more accessible alternative to Bitcoin, which the team viewed as too expensive for people to buy and too complex for people to mine. The made it possible for users to mine Pi on their smartphones and aimed to get the token accepted across e-commerce and retail platforms worldwide.

Those goals have largely gone unmet. Most of the early participants, known as pioneers, have abandoned the project, no major company accepts Pi as payment, and the ecosystem has not seen the exponential growth its founders envisioned.

The team has spent this year trying to change that predicament. Its most notable steps have been several protocol upgrades that introduced new features such as smart contracts and data privacy, part of a push to turn Pi into a layer-1 chain capable of competing with popular networks like Ethereum, Solana, and Robinhood Chain.

The summit nonetheless lands amid skepticism, partly because the team has made similar major announcements before and underperformed. Earlier this year, it heavily promoted its appearance at the Consensus Summit, only for the resulting announcements to flop.

Confidence, Developers, and Exchange Access

The token's persistent weakness is driven by several structural challenges. Most notably, there are signs that Pi has lost the confidence of its pioneers, who have been part of the ecosystem since its early days. Data show that most holders have sold their tokens as the price has dropped.

Developer traction has also been elusive. Even with smart contracts enabled, no mainstream teams such as Aave, Morpho, or Aerodrome have moved to the ecosystem. By contrast, the recently launched Arc Blockchain and Robinhood Chain have already attracted hundreds of developers. In the layer-1 market, builder activity is widely treated as a key measure of ecosystem momentum, since applications and users tend to follow the networks where developers deploy.

Supply pressure compounds the difficulties. The network continues to unlock millions of tokens every month, a process that has coincided with falling demand, with the token's daily trading volume below $10 million. Unlock schedules are closely tracked across the industry because they steadily expand the supply of tokens available to trade. Exchange access remains limited as well: Binance and Coinbase have not listed Pi Network, and Kraken, one of the exchanges that did, has yet to experience substantial demand. Listings on the largest venues are widely treated as the industry's benchmark for retail access and liquidity.

Technical Picture: Support Under Pressure

On the daily chart, the Pi Network token has slumped in recent months. It was trading at $0.078, down modestly from a high of $0.1105, its highest point, reached on Aug. 22. The coin has fallen below its 50-day moving average and appears to be forming an inverted cup-and-handle pattern, though the proposed bearish formation remains unverified. Pi has also remained below the Supertrend indicator, while near-term technical support around $0.077 faces pressure.

Based on these signals, the most likely scenario is a drop toward the key support level of $0.0698, which coincides with the token's lowest level in July this year. A move below that price would point to more downside, potentially toward $0.050.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency prices are highly volatile. Readers should conduct independent research before making investment decisions.

This story was first published by The Market Periodical.