$PI As of January 5, 2026, Pi Network (Pi Coin) is in the transition phase from a closed mainnet to an open mainnet. The core developments and risks are as follows:
1. Core Status
• Price and Circulation: Real-time price approximately $0.209, market cap around $1.75 billion, small 24-hour volatility; circulating supply is 8.38B, max supply 100B, most tokens still locked.
• Users and KYC: Over 60 million registered users, about 20 million verified via KYC; approximately 134 million tokens are scheduled to be unlocked in January 2026.
• Technology and Ecosystem: Completed V23 upgrade, supports L