Market activity surrounding the Pi Network is intensifying as new metrics circulate, fueling renewed speculation among its community about the long-awaited launch of the Open Mainnet. A recent social media post, referencing purported internal network data, has brought key supply figures to the fore, with many linking them directly to the project's next pivotal phase. This has ignited discussion regarding Pi's potential valuation and its future on the broader crypto market.
The central point of discussion revolves around the network’s current supply figures. According to the circulating data, Pi’s "Effective Total Supply" has reportedly crossed the 12 billion Pi mark, while its "Circulating Supply" stands at approximately 7.8 billion Pi. These figures are contrasted with a maximum supply of 100 billion Pi, highlighting the significant volume of tokens yet to be released. These supply metrics are being closely watched by the community, with some members citing them as an indicator of progress towards key milestones necessary for the Open Mainnet transition.
Accompanying these supply metrics are unverified claims of a potential price range for Pi. One community estimate suggests a value between $10 and $20 per Pi once the network fully opens. It's crucial to note that this is purely speculative, as Pi is not yet traded on any major cryptocurrency exchanges. The project remains in a "closed mainnet" phase, meaning internal transactions are ongoing but external trading is not possible. The primary catalyst for any significant price discovery would be the launch of the Open Mainnet, a move that would open the network to external liquidity and exchanges.
The community is actively anticipating official guidance from the Pi Core Team on a concrete timeline for the Open Mainnet launch. As the project gears for this transition, these circulating metrics serve as a focal point for discussion and debate. While the data provides a glimpse into the network's internal structure, the real test of Pi's market viability will depend entirely on its successful transition to a fully open, tradable blockchain. Until then, the community continues to closely monitor any official announcements that could signal the next major phase for the network.
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