Pi Coin is up about 3.23% in the past 24 hours, trading near $0.1787. The move is small and still looks shaky.
Over the past week, Pi has gained almost 28%, but trading volume has dropped to around $23.5 million. That tells us the bounce is not backed by strong buying.
The Pi Coin price is also still down more than 22% over the last three months, so the bigger trend remains weak. The price is holding for now, but there is no clear breakout yet.
Pi has bounced from recent lows, but fewer traders are stepping in. When volume falls during a rebound, the rally can fade quickly.
Right now, Pi looks like it is trying to stabilize after a long drop, not start a real uptrend. A stronger move would need volume to return and buyers to defend higher levels with more conviction.
What you'll learn 👉
The Bigger Story: Pi ETP Demand Is Still Tiny
The more interesting update this week came from BSCN (@BSCNews), which highlighted how small Pi’s current ETP footprint remains. The Valour PI ETP reportedly holds only about $17,022 in assets under management, even though the product has been live for months.
That is an extremely small number in the world of exchange-traded products, and it explains why Pi Coin has not seen meaningful institutional exposure so far. The ETP is also down more than 29% this year, showing that demand has stayed limited.
🚨MARKETS: PI NETWORK'S ETP HOLDS JUST $17K
— BSCN (@BSCNews) February 17, 2026
According to its official webpage, the Valour $PI ETP has just $17,022 in assets under management, despite the product being live for several months.
At time of writing, the product is down more than -29% since the start of the year.… pic.twitter.com/DIYc0dpHBO
Why $17K vs $17M Matters So Much
A product sitting at $17K in assets is basically invisible in global markets. If Pi demand ever scaled into the millions, it would send a very different signal.
A jump toward $17 million would imply broader access, deeper liquidity, and a real increase in capital flowing through regulated channels.
That kind of growth would not just be a headline. It would reshape how Pi is viewed outside retail circles and could create a stronger foundation for price expansion.
What Could Push ETP Demand Higher?
For Pi’s ETP demand to grow, the market would need clearer reasons to allocate capital. That could come through new listings in larger regions, wider exchange support, or stronger development progress that improves confidence in Pi Network’s long-term role.
Until something like that happens, the ETP side of Pi remains more of a curiosity than a serious driver of demand.
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Pi Coin Price Targets If Demand Actually Arrives
Pi is trading near $0.1787 right now. The first level that matters on the upside is around $0.20.
If Pi Coin can push above $0.20 and stay there, the bounce starts to look more solid. After that, the next area to watch would be closer to $0.25.
If Pi ever saw a major ETP inflow shift toward the $17M level, the market would likely treat that as a meaningful demand change.
In that case, the Pi Coin price could work back toward the $0.30–$0.35 range, where stronger resistance would appear.A more favorable upside scenario might even provide a possible entry into the $0.45-$0.50 range, although this would necessitate continued capital support, rather than merely price action.
Conversely, if the lack of volume persists and the rally continues to fade, Pi might retreat to the $0.15 level, with further support in the vicinity of $0.12.
For now, the Pi Coin price is bouncing, but the ETP demand story remains small. A real jump in institutional-style exposure would change the picture, but the market has not reached that point yet.
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