Difference between GCV and Pi Network price raises strategic debate

• Pi Network's GCV reaches US$314K
• Pi's market price hovers around $1
• Analyst sees strategic plan behind disparity

Pi Network is at the center of intense discussions about its dual value model, marked by a stark difference between the GCV (Global Consensus Value), currently at $314.159, and the market price, which hovers around $0,63. This disparity has raised questions about the project’s viability, its economic fundamentals, and the level of trust placed in it by the community.

Analyst Spock suggests that this structure does not represent a flaw, but rather a long-term strategy of the Pi team. According to him, the network operates with two parallel economies: an internal one, based on GCV and applied in applications and ecosystem services, and an external one, reflected in the exchanges where Pi is traded as a regular altcoin. This separation would be maintained by tools such as KYC and wallet locks.

Pi Network: The Investor's Dream and the Silicon Valley of Web3

In a world saturated with overhyped projects, insider-driven token launches, and centralized control, Pi Network has emerged as a rare gem—a true revolution built not on hype but on purpose, people, and long-term… pic.twitter.com/Ugdc9WT38o

— Mr Spock 𝛑 (@MrSpockApe) June 9, 2025

The benefits highlighted include building trust among traders, price stability in applications, and protection against cryptocurrency volatility. However, the model also presents significant risks. One of the main ones is the possibility of arbitrage, where users buy Pi at low prices on the open market and use it for the GCV value within the network, which can compromise the sustainability of the system.

Spock recommends measures such as enforcing GCV through smart contracts, restricting access to KYC-verified users, and controlling liquidity through lockups. He also notes that the relevance of GCV depends on the continued trust of the community, which has already shown signs of compromise, such as the practical use of GCV in countries such as Thailand and Vietnam.

Pi Network, which has an estimated supply of 100 billion units, faces significant challenges in perception and adoption. With its current market cap of around $4,63 billion and significant transactions such as the 3,35 million Pi migrated to the mainnet in 24 hours, activity remains high, albeit marked by delays in the KYC process and gradual release of tokens.

Analysts believe that how the newly unlocked Pi is distributed could directly influence future price movements. The token is currently trading between $0,618 and $0,641, and the technical resistance at $0,625 is seen as a key point for potential upside.