Pi Network Approaching $1 Amid Unofficial Trading Activities

IOU Tokens Trade Near $1 Amid Speculation

Pi Network’s unofficial IOU tokens are nearing the $1 mark. While this represents a speculative market movement, the mainnet remains enclosed, which means no official exchange listings exist. Uncertainties remain about the value of these IOUs since they are not backed by the Pi Network’s core development team.

The network, led by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, has not issued new public statements or exchanged endorsements since February 2025.

“Our priority is to ensure security, accessibility, and compliance as we move towards mainnet.”

Unofficial Trading Sparks Community Interest and Warnings

The trading surge is causing a rise in community interest despite the tokens’ unofficial status. Trading action has yet to influence major exchanges, as the lack of official recognition limits broader influence.

Speculative price movements raise concerns about authenticity and long-term value. The Pi Network’s core team advised against unsafe transactions involving IOU tokens, emphasizing risks involved without an official public mainnet.

Historical Precedence in Token Development Delays

Similar to other projects like Telegram’s TON, Pi Network remains in its development phase with delayed mainnet access. Volatility in unofficial token trading replicates previous occurrences in other projects yet to deliver a functioning public access.

Based on historical market data, non-redeemable tokens often see early spikes, followed by substantial declines in value before or during official launch processes. Experts predict no immediate changes, unless new statements or exchange activities are announced.