Pi’s Liquidity Crisis Deepens While GCV Believers Face Heavy Losses

Pi Network wallet interface illustrating payment requests amid warnings of a large-scale scam. Photo by BeInCrypto In early 2026, while the altcoin market capitalization (TOTAL3) rebounded from $825 billion to over $880 billion, marking a gain of more than 7%, Pi Network (PI) remained stagnant around the $0.2 level. Exchange data has not shown any clear signs of a return to demand. Meanwhile, the Pi Network community has reported growing losses among investors who pursued expectations tied to the GCV pric ...