Wondering how much 1 Pi is worth in USD right now? With Pi Network's price swinging between $0.13 and $0.20 in February 2026 alone, checking the live 1 PI to USD exchange rate before making any move is essential. Below you'll find the current conversion rate, quick-reference tables, and the market context behind Pi coin's price today.
⚡ Quick Answer
As of February 19, 2026, 1 PI = approximately $0.187 USD. Pi coin's market cap stands near $1.68 billion with a circulating supply of 9.01 billion PI. That means $1 USD buys roughly 5.3 PI at the current pi exchange rate. Prices update in real time - always verify the latest rate before trading.
1 Pi to USD: Live Pi Coin Price in USD Today
The current pi network price today sits around $0.187 per PI token, based on real-time data from CoinGecko. This represents a dramatic decline from Pi's all-time high but also a notable recovery from its recent lows.
Here's what 1 PI converts to across popular amounts:
Conversely, if you're converting dollars to Pi, here's how much PI you get:
These figures reflect the approximate pi to dollar rate at the time of writing. Crypto prices fluctuate constantly, so always check a live converter before placing trades. If you're new to digital currencies and want to understand how crypto exchanges work, our guide to navigating crypto in 2026 covers the fundamentals.
Pi Coin Value: Key Market Metrics
Understanding how much is 1 Pi requires more than a single number. Here are the key metrics that shape the pi coin value and its conversion rate.
🔢 PI Network Tokenomics
Current Price
$0.187
Market Cap
~$1.68B
Circulating Supply
9.01B PI
Max Supply
100B PI
All-Time High
$2.99
All-Time Low
$0.049
According to CoinMarketCap, Pi holds a ranking around #41-47 among all cryptocurrencies. The pi market cap of approximately $1.68 billion is based on 9.01 billion PI tokens in circulation - only about 9% of the maximum 100 billion supply. This low circulating-to-max ratio is one of the most important factors investors should understand.
The all-time high of $2.99 was reached on February 26-27, 2025, shortly after the Open Mainnet launched on February 20, 2025. Pi's all-time low of $0.049 was recorded on that same launch day. More recently, PI touched a 2026 low of approximately $0.131 on February 11-12, 2026 - a decline of over 93% from the ATH.
For a complete breakdown of what Pi Network is and how it works, including its mobile mining mechanics and Stellar Consensus Protocol, see our dedicated guide.
⚠ Supply Dilution Warning
Only ~9% of Pi's 100 billion max supply is currently circulating. As more tokens unlock through mining migrations and team allocations, significant supply-side pressure could push the pi current price lower over time. This dilution risk is one of the main bearish factors for PI.
How Much Is 1 Pi Worth? Factors Behind the Pi Exchange Rate
Several forces determine how much is 1 Pi worth at any given moment. Understanding these helps you interpret price swings rather than just react to them.
Supply unlocks are the biggest short-term driver. Pi Network releases tokens in scheduled batches as miners complete KYC and migrate to mainnet. In January 2026 alone, approximately 134 million PI tokens were unlocked, adding sell-side pressure. The ongoing token migration means new supply enters the market continuously.
Exchange availability remains limited. PI trades on exchanges including Gate, OKX, Bitget, and MEXC - but is notably absent from Binance and Coinbase. Each new listing tends to improve liquidity and can trigger price spikes. Rumors of a potential Kraken spot listing have circulated in early 2026.
Protocol upgrades also influence sentiment. The Pi Core Team is rolling out Protocol v23, transitioning from Protocol 19. This Stellar-based upgrade introduces Rust smart contracts and improved network throughput. The upgrade began on February 16, 2026, with additional phases scheduled through Q2 2026.
Broader crypto market conditions affect PI like any altcoin. Bitcoin trading above $90,000 in early 2026 has provided a favorable macro backdrop, though high-beta assets like PI tend to amplify both rallies and sell-offs.
Pi Coin Price USD: Bullish and Bearish Analysis
To assess where the pi coin price usd may head next, consider both sides of the equation.
📈 Bullish Factors
- Massive user base: Over 60 million registered users with 16+ million KYC-verified - one of the largest communities in crypto
- Protocol v23 upgrade: Rust smart contracts going live and DEX launch planned for Q1 2026 could boost ecosystem utility
- Exchange expansion: Potential Kraken listing and growing exchange coverage would improve liquidity
- Recovery momentum: PI surged 58% from its February 11 low, showing buyers step in at support levels
📉 Bearish Factors
- Extreme supply dilution: Only 9% of the 100B max supply circulates - ongoing unlocks create persistent selling pressure
- 93% decline from ATH: The drop from $2.99 to ~$0.19 signals weak long-term price structure
- Limited real-world utility: The ecosystem remains early-stage with few live dApps or merchant adoption
- Absent from top exchanges: No Binance or Coinbase listing restricts institutional access and deep liquidity
If you've accumulated Pi through mining and want to cash out, our step-by-step guide on how to sell Pi coin walks through the process on supported exchanges.
Pi Coin Price Prediction: What Analysts Say About 1 PI to USD in 2026-2030
The pi coin price prediction landscape is wide-ranging. Here's what multiple analyst platforms project, compiled from their published forecasts:
Prediction sources include CoinPedia (bearish-to-moderate range), CryptoNews (moderate estimates of $0.74 in 2026, $2.09 in 2030), Cryptopolitan (moderate estimates), and CoinDCX ($0.26-$0.55 for 2026, averaging $2.50-$3.50 for 2030). Ranges vary widely because Pi Network's future depends heavily on ecosystem execution and exchange adoption - neither of which is guaranteed.
For broader crypto market context and strategies for building positions during volatile cycles, see our expert strategies for 2026.
How to Convert Pi to Dollar: Step-by-Step
If you hold mined PI and want to convert it to USD, the process requires a few specific steps. PI isn't available on all major platforms yet, so exchange selection matters.
Complete KYC & Mainnet Migration
Open the Pi Network app, pass KYC verification, and migrate your mined PI to the mainnet blockchain. Only migrated tokens can be transferred to exchanges.
Choose an Exchange That Supports PI
As of February 2026, supported exchanges include Gate, OKX, Bitget, and MEXC. Create an account and complete the exchange's KYC process.
Transfer PI to the Exchange
From the Pi wallet in your app, send PI to your exchange deposit address. Include the memo/tag if required. Blockchain confirmation takes 5-15 minutes.
Sell PI for USDT, Then Convert to USD
Trade PI/USDT on the spot market. Use a limit order for better pricing. Then withdraw USDT to your bank via fiat off-ramp, or convert to another crypto first.
For detailed instructions including screenshots and exchange-specific tips, check our complete guide on how to sell Pi coin.
Pi Network Price Today: Timeline and Key Events
Understanding the pi network price today requires context on how PI got here. Here's the timeline of key milestones that shaped Pi's market history.
📅 Pi Network Price Timeline
March 2019
Pi Network app launches; mobile mining begins. Token has no market value.
February 20, 2025
Open Mainnet launches. PI becomes tradeable. Price opens and dips to ATL of $0.049, then surges.
February 26, 2025 - ATH
PI hits its all-time high of $2.99 amid post-launch hype and exchange listings.
May 2025
12-million token dump from a wallet allegedly linked to the Core Team crashes PI 50%+. Insider trading concerns arise.
February 11, 2026
PI hits 2026 low of ~$0.131, down 93%+ from ATH. Market sentiment reaches "fear" territory.
February 16-19, 2026 - Current
Protocol v23 upgrade begins. PI rebounds 40%+ from lows. Trading near $0.187.
For more on the Pi Network launch date timeline and the complete mainnet story, see our comprehensive guide.
🎯 Key Takeaways
- 1 PI ≈ $0.187 USD as of February 19, 2026, down 93%+ from its $2.99 ATH
- Market cap: ~$1.68B with 9.01B PI circulating out of 100B max supply (only 9%)
- 2026 predictions range $0.14-$0.74 depending on ecosystem execution and market conditions
- Convert PI to USD via Gate, OKX, Bitget, or MEXC - not yet on Binance or Coinbase
- Biggest risk: massive supply dilution as only 9% of tokens currently circulate
Frequently Asked Questions
How much is 1 Pi in US dollars today?
As of February 19, 2026, 1 PI equals approximately $0.187 USD. The rate fluctuates constantly based on trading activity across exchanges like Gate, OKX, and Bitget. Always verify the live rate on CoinGecko or CoinMarketCap before executing trades.
Can Pi coin reach $1?
Reaching $1 would require a roughly 5x increase from current prices, placing Pi's market cap near $9 billion at current circulating supply - or potentially $100 billion at full dilution. While not impossible during a strong bull cycle, the ongoing token unlock schedule creates headwinds. Most analyst predictions for 2026 place PI below $1.
Where can I convert Pi to USD?
You can sell PI on exchanges including Gate, OKX, Bitget, and MEXC. The typical path is: transfer PI from your Pi wallet to the exchange, sell PI for USDT on the spot market, then convert USDT to fiat via bank transfer. PI is not yet listed on Binance or Coinbase.
Why is Pi coin dropping in value?
Pi's decline from its $2.99 ATH to around $0.19 reflects multiple factors: continuous token unlocks flooding the market with new supply, limited real-world utility, absence from major exchanges like Binance and Coinbase, and a controversial team token dump in May 2025 that shook investor confidence.
Is Pi Network a good investment?
Pi carries significant risk factors including massive potential dilution (91% of supply is not yet circulating), limited ecosystem utility, and a 93%+ decline from its all-time high. However, it also has one of the largest crypto communities globally and upcoming protocol upgrades. As with all crypto investments, never invest more than you can afford to lose and conduct thorough research first. Learn how to read crypto charts to evaluate price trends yourself.
What is the difference between Pi Network and Pi IOU?
Pi Network (PI) is the official mainnet token. Pi IOU (also listed as "PI" on some platforms) was an informal futures or IOU contract that traded before the mainnet launched. Always confirm you are trading the genuine mainnet PI token and not an older IOU listing, which may have different pricing.
How often does the PI to USD exchange rate change?
The pi exchange rate changes continuously - 24/7 - as trades execute across exchanges. The rate is determined by market supply and demand. During high-volatility periods, PI's price can swing 10-20% or more within a single day.
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