Despite the extremely low Liquidity, the Pi token's initial launch still reached a high Market Cap of 195 billion USD.

Jinshi Data News on February 20th, the mobile Mining project Pi Network, which claims to have 60 million users, released its native Pi token on Thursday, allowing traders to experience a roller coaster-like experience, with the price pumping 18% in a few minutes, but then big dump 50% in the next two hours. Pi coin made its debut, opening at $1.70, then pumping to $2.00. The initial big pump made its fully diluted valuation (FDV) as high as $195 billion. The total supply and Circulating Supply of Pi coins are not yet fully clear, but according to community and White Paper information, it is generally believed that the maximum supply of Pi coins is about 100 billion. In other words, if each Pi coin is worth $1, the FDV will reach $100 billion. The self-reported circulating supply of the project is 6.3 billion, and based on the previous trading price of $0.97, the Market Cap is about $6.1 billion.