Key Summary

Pi Coin traded near $0.09680 on the 8th, failing to reclaim $0.10, with a 24-hour move of 2.9% and an intraday range of $0.09366 to $0.09689. Turnover of $3.36 million against a $1.05 billion market cap is roughly 0.3% of capitalization, meaning liquidity is thin enough for the mainnet Protocol 27 upgrade headline to swing price disproportionately in either direction. The confirmation condition is whether the September 15 v27 delivery and expanded developer functionality arrive on schedule with a genuine step-up in traded volume; without that, the move stays a low-float drift tracking broader majors, where BTC sat at $78,384.43, ETH at $2,475.82 and XRP at $1.39.