Read this article on bsc.news Pi Network's native token $PI has lost most of its value over the past year, and the project's first Ecosystem Summit, which begins on Tuesday, is being watched
Pi Network's native token $PI has lost most of its value over the past year, and the project's first Ecosystem Summit, which begins on Tuesday, is being watched as a possible catalyst for sentiment.
According to CoinMarketCap data at the time of writing, $PI is down 71.5% over the past 12 months and 23% over the past 30 days. In February 2025, the token's market capitalisation stood above $18 billion. It is now closer to $700 million. CoinGecko lists a market cap of about $725 million, while OKX data shows PI trading about 97.8% below its all-time high of around $3 set on February 27, 2025.
The summit is organised by @PiCoreTeam and runs online from November 17 to 19, 2026. According to the Pi Network blog, it is focused on the developer platform, ecosystem building and utility creation. Unlike Pi Day and Pi2Day, which celebrate progress across the wider community, the event is dedicated to developers and the applications they build.
The Core Team says developers can reach more than 60 million Engaged Pioneers through existing infrastructure for app discovery, user authentication and Pi payments. The programme includes platform releases, developer demos, app showcases and a new hackathon, TokenPost reported.
BeInCrypto said the agenda has since been published, with founders Chengdiao Fan and Nicolas Kokkalis due to appear and a hackathon with a $200,000 prize pool. The outlet noted that PI was trading near record lows despite trending on CoinGecko after the agenda news.
Price reaction to earlier announcements has been limited. When the summit was first announced in October, PI rose about 4% to roughly $0.0805, according to Cryptonews, but the token has since slipped lower.
BeInCrypto framed the central question for holders as whether the apps shown at the summit need PI to function. That is the link between developer activity and demand for the token, and it is likely to matter more to the market than the event itself. For the Pi community, the summit offers a chance to show that the ecosystem is producing real-world use cases. Whether that is enough to reverse a year of steep losses remains to be seen.
Sources:
Pi Network: Introducing Pi's First Ever Ecosystem SummitBeInCrypto: Pi Network Ecosystem Summit Agenda and HackathonOKX: Pi Network Price Today
