The Pi Network community has fixed October 19, 2025, for the third Global GCV Conference, aiming to promote a Global Consensus Value (GCV) of $314.159 per PI and advance the Open Mainnet. Data shows the market price of PI has continued to slide and swing since the Mainnet opened, underscoring a gap between the community’s target and traded quotes. The GCV remains an unofficial figure not endorsed by exchanges or the core team.
The event seeks to rally support for the $314.159 GCV and drive Open Mainnet progress, a target that matters to investors, pioneers and product teams. However, the GCV cannot steer real liquidity without exchange support or utility-driven demand, functioning more as a symbol than a pricing mechanism at present.
The Open Mainnet began on February 20, 2025, triggering an instant price fall that exposed a clash between community hope and market reaction. Three drivers for the drop: early miners selling stockpiled coins, a lack of working apps to create daily use for PI, and unconfirmed talk of listings on top exchanges.
Market realities and data points
The market logs for July 2025 show spot prices between $0.44 and $0.6354, with separate entries in the same file listing market caps near $4.7 billion or $2.21 billion. Twenty-four-hour volume is recorded at about $13.48 million, while circulating supply stood at 7.535 billion PI on June 26, 2025, against a maximum of 100 billion.
PI is tradable on OKX, while chatter about a Binance listing remains unconfirmed. Sign Protocol and a v23 update that, per community posts, lifted speed and fed listing hopes. KYC rule changes in July 2025 reportedly sped up approvals and widened country access, contributing to momentum without resolving the utility and liquidity gap.
The next checkable marker is the October 19, 2025 conference, when the community will try to turn its price tag into traction. If major exchange listings and working apps do not follow, the GCV will remain a community sticker rather than a market lever.
