Following introduction, Pi currency has significant volatility, reaching $1.97 with a range of exchange listings.An important milestone for the bitcoin ecosystem was reached on February 20, 2025, when Pi Network launched its eagerly awaited mainnet. Pi Coin rose at almost 35% in less than an hour after coming live, demonstrating the enthusiasm and escalating market interest in the project.
The Pi Network is a “tap-to-earn” blockchain project that has been in development for more than six years. Since 2021, it has run on a closed mainnet. The “Pioneers” that make up Pi’s community can now exchange their Pi Coins thanks to the opening of its open mainnet. More than 100 decentralized applications (dApps) developed for several industries, including gaming and decentralized finance (DeFi), can now be displayed by platform developers.
Pi Network’s mobile-based mining model distinguishes it from other conventional proof-of-work cryptocurrencies. Millions of users were interacting with the network prior to its formal public launch, demonstrating how this novel strategy has allowed for broad acceptance. With over 3.8 million followers on X, Pi Network has surpassed the Ethereum Foundation, Solana, and other prominent blockchain networks in terms of user count. Pi had more than 50 million registered users at its height.
A number of centralized exchanges (CEXs), including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget, enabled the token’s listing as soon as the mainnet went live. The biggest cryptocurrency exchange in the world, Binance, has adopted a new strategy, holding a survey to decide whether to list Pi Coin. Although the poll is scheduled to end on February 27, 2025, the results should reflect the prevailing mood. Coinbase, Kraken, Upbit, and other significant exchanges have not yet made their decisions about adding Pi Coin.
Price Movement of Pi Coins and Market Volatility
Shortly after becoming public, Pi Coin saw a great deal of volatility. Data from CoinGecko shows that Pi Coin rose 36.8% in the first hour, reaching a high of $1.97. Its price swiftly reversed course, though, dropping to $1.80 on OKX and $1.78 on Bitget. This was a significant drop from the $61 to $70 IOU prices that had been speculating just the day before the mainnet debut.
The price swings continued after that. Pi quickly surged to $3.40 on Bitget following its debut listing before retracing its steps. Shortly after trading started, the price of Pi Coin even fell below $1 on Bybit. The coin has maintained strong buying pressure in spite of these abrupt price corrections, and some analysts predict that as new listings and possible hype-driven demand continue to grow, it may see more upward movement.
More purchasing activity may result from Pi’s sizable community and fresh investors keen to take advantage of the excitement surrounding the mainnet launch. It is anticipated that market speculation around the impending possible listings on significant exchanges including as Binance, Coinbase, and Kraken will sustain the momentum and increase price volatility.
Future Price Stability and Sell-Off Risk
The price movement of Pi Coin, though, might not last long. In the upcoming weeks, a number of the network’s original miners who have amassed Pi Coins over the years might start to liquidate their holdings, which might cause the price to decline. In the past, when freshly listed tokens first appear on exchanges, they frequently undergo steep sell-offs before stabilizing in value. As big exchanges make their final selections in the next few days or weeks, the excitement surrounding Pi Coin’s listings may also fade.
This introduction represents more than just a price increase for Pi Network. It is a crucial step in realizing its objective of developing into a widely usable, utility-driven cryptocurrency. The network’s capacity to maintain momentum and maintain interest from both early adopters and new users will determine whether the price of the coin stabilizes or experiences more erratic swings.