Pi Network Migration Hits 50M Daily as Team Warns Against GCV Price Rumors

TLDR

Table of Contents

Pi Network maps about 50M coins daily to Mainnet wallets.
Over 16M Mainnet migrations and 17.7M KYC approvals reported.
Community leaders warn against $314,159 GCV price rumors.
Viral stablecoin code lacks confirmation from Pi Core Team.

Pi Network is seeing renewed migration activity, with around 50 million Pi coins mapped daily to Mainnet wallets. At the same time, community leaders are warning users about revived Global Consensus Value rumors and fake pricing claims.

Recent updates shared on February 28 indicate faster processing within the migration pipeline. A known community member stated that the network is now mapping roughly 50 million Pi per day. The update circulated widely among users who are waiting for full Mainnet access.

Screenshots from the Pi Blockchain Explorer show small claimable balance movements. Many transactions involve small test amounts of a few Pi per wallet. Supporters say this reflects steady system activity and gradual scaling.

Earlier figures from February reported more than 16 million Mainnet migrations. The network also confirmed about 17.7 million completed KYC approvals. These milestones were shared around the one-year anniversary of the Open Network launch.

Migration Pace Increases Across the Network

Community updates suggest that more Pioneers are successfully completing balance mapping. The daily figure of 50 million Pi coins has gained attention across social channels. Users have shared explorer data that appears to support the claim.

The transactions visible on the blockchain explorer often show small transfers. These transfers are linked to newly mapped wallets. The activity suggests that technical processes are continuing in batches.

👏The mapping speed has increased significantly. Recently, we've been mapping approximately 50 million Pi coins per day, and today was no exception. Just now, a Pioneer told me that he had successfully mapped his Pi coins, so more and more Pioneers will be reaping the… pic.twitter.com/NnIXxkHcFh
— PiNetwork DEX⚡️阿龙 (@fen_leng) February 28, 2026

Official data released earlier this month confirms ongoing onboarding. The 16 million migrations and 17.7 million KYC approvals indicate continued progress. However, full migration access is still pending for many users.

The network has not issued a new formal statement confirming the 50 million daily rate. The information currently comes from community sources. Users are advised to monitor official channels for verified updates.

GCV Rumors and Fake Price Claims Resurface

Alongside migration updates, warnings about Global Consensus Value claims have returned. GCV is a long-running theory that values Pi at $314,159 per coin. The number references the mathematical constant π.

The Pi Core Team has never endorsed this valuation. Community leaders have repeated that GCV is not an official pricing model. They have urged users to avoid relying on unverified price claims.

Screenshots circulating online show extreme Pi prices on exchange dashboards. Some images reference platforms such as CCXT Pro. Supporters of the warnings state that these displays rely on faulty or manipulated data feeds.

This python code appears to be part of a system to monitor & manage #PiNetwork stablecoin $314159 with blockchain and exchange integration. The StablecoinPegger class supports flexible exchange selection through the ccxt library.
💥By default, Binance or Kraken will be used 💛 pic.twitter.com/zA4o3mB60P
— Sunny Samuel 🟡 π (@PiDualTX) February 28, 2026

A viral Python file titled stablecoin_peggar.py also gained attention. The code outlines a StablecoinPegger class using the ccxt library. It connects blockchain infrastructure with exchange APIs like Binance and Kraken.

The proposed design aims to maintain a fixed price of $314,159. However, there is no official confirmation linking this code to Pi Network. Analysts note that maintaining such a peg would require deep liquidity and large reserves.

No Official Stablecoin Announcement

The Pi Core Team has not announced any stablecoin initiative. There has been no confirmation of a $314,159 price peg or related mechanism. Official channels continue to caution users about misinformation.

Most stablecoins track real-world assets such as the U.S. dollar. They maintain stability through reserves or algorithmic balancing systems. A fixed price at $314,159 would demand extraordinary market support.

The viral code demonstrates a structured technical concept. It sets a narrow tolerance band of about 0.05% for price stability. Even so, there is no evidence that this model is under development.