Pi Network’s highly anticipated main net launch Pi Coin Price on February 20, 2025, marked a historic moment in the cryptocurrency ecosystem. Within less than an hour of going live, the Pi Coin price surged more than 35%, reflecting the excitement and market interest surrounding the project.
The Pi Network, a “tap-to-earn” blockchain project, has been in development for over six years and operated on a closed mainnet since 2021. With its open mainnet now live, Pi’s community—known as “Pioneers”—can finally trade their Pi Coins. Additionally, developers are showcasing over 100 decentralized applications (dApps) across sectors such as decentralized finance (DeFi), gaming, and more.
What Sets Pi Network Apart?
Pi Network Pi Coin Price differentiates itself from traditional proof-of-work cryptocurrencies through its mobile-based mining model, allowing users to mine coins using their smartphones. This unique approach has driven widespread adoption, with millions of users joining the network before its official public launch. Today, Pi Network has over 3.8 million followers on X (formerly Twitter), surpassing major blockchain networks like the Ethereum Foundation and Solana. At its peak, Pi Network boasted over 50 million registered users.
Pi Coin Price Action and Exchange Listings
The mainnet launch was immediately supported by multiple centralized exchanges (CEXs), including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget. Binance, the world’s largest crypto exchange, has taken a more cautious approach by conducting a poll to gauge user sentiment on listing Pi Coin. The poll will close on February 27, 2025, and is expected to align with current enthusiasm. Other major exchanges, including Coinbase, Kraken, and Upbit, have yet to make any announcements regarding Pi Coin listings.
Initial Price Surge and Volatility
Pi Coin experienced significant price fluctuations following its listing. CoinGecko data showed the token surged 36.8% in the first hour of trading, peaking at $1.97. However, the Pi Coin price quickly retraced, falling to $1.80 on OKX and $1.78 on Bitget—a stark contrast to the previously speculated IOU prices of $61 to $70 circulating just a day before the launch.
The price swings continued as Pi Coin briefly spiked to $3.40 on Bitget before falling back. On Bybit, Pi’s price dipped below the $1 mark shortly after trading began. Despite the corrections, the token has seen strong buying pressure, with some speculating that continued exchange listings and hype could drive further upward movement.
Community Interest and Market Momentum
Pi’s large, engaged community and new investors hoping to capitalize on the mainnet buzz may drive additional buying activity. Speculation around possible listings on major exchanges like Binance, Coinbase, and Kraken is likely to maintain momentum and contribute to further price volatility.
The Risk of Sell-offs and Future Price Stability
However, Pi Coin’s price rally may be short-lived. Many early miners who accumulated Pi Coins over the years may begin selling off their holdings, which could trigger a price pullback. Historically, newly listed tokens often experience sharp sell-offs after their debut before stabilizing at a more sustainable price range. The hype around Pi’s exchange listings may also fade as major platforms make their final decisions.
A Critical Step for Pi Network
Beyond price action, the mainnet launch represents a pivotal moment for Pi Network’s future. The network aims to become an accessible, utility-driven cryptocurrency with a global user base. The long-term stability of the Pi Coin price will depend on the network’s ability to sustain momentum and maintain interest among both early adopters and new users.
For more updates, keep visiting Timesofpakistantoday.com.
