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Pi Network Mainnet Launch Sparks 35% Surge in PI Coin – Market Reacts with High Volatility The long-awaited Pi Network mainnet launch on February 20, 2025, has created a massive buzz in the cryptocurrency world. Within just an hour of going live, Pi Coin (PI) surged over 35%, highlighting the growing enthusiasm and interest from traders and investors. With its unique mobile mining model and an extensive global community, Pi Network has officially transitioned from a closed mainnet to an open blockchain, allowing users to trade their Pi Coins across multiple exchanges. Pi Network’s Evolution: From Closed Mainnet to Global Adoption Originally launched in 2019 as a mobile-based “tap-to-earn” blockchain, Pi Network has been in development for over six years. Its closed mainnet phase began in 2021, where millions of users—called Pioneers—accumulated Pi through daily mining. With the open mainnet now live, Pi Network has introduced over 100 decentralized applications (dApps), ranging from DeFi (Decentralized Finance) to gaming platforms. This marks a significant milestone for the project, reinforcing its long-term vision of real-world adoption. Pi Network’s popularity is evident from its social media presence. The project currently boasts 3.8 million+ followers on X (formerly Twitter)—a number surpassing blockchain giants like Ethereum Foundation and Solana. At its peak, Pi Network had over 50 million registered users, making it one of the largest crypto communities globally. Pi Coin Market Performance and Exchange Listings Following the mainnet launch, Pi Coin was quickly listed on multiple major centralized exchanges (CEXs), including: ✔ OKX
✔ HTX
✔ Bybit
✔ MEXC
✔ Gate.io
✔ BitMart
✔ Bitget However, Binance, the world’s largest crypto exchange, has yet to list Pi Coin. Instead, it launched a community poll to gauge user interest in a potential listing. 86% of votes so far support PI’s listing on Binance, with the poll set to close on February 27, 2025. Other major exchanges, including Coinbase, Kraken, and Upbit, have also not confirmed their stance on Pi Coin yet. Pi Coin Price Action: High Volatility Continues Pi Coin’s launch has triggered extreme market volatility. According to CoinGecko, PI saw a 36.8% price surge within its first hour, reaching a peak of $1.97. However, the price quickly corrected, falling to $1.80 on OKX and $1.78 on Bitget. 🔹 Before the mainnet launch, speculations suggested PI could debut between $61 and $70—far above its actual market price.
🔹 Shortly after its initial listing, PI spiked to $3.40 on Bitget before dropping again.
🔹 On Bybit, PI dipped below $1, adding to the extreme price swings. Despite the fluctuations, buying pressure remains strong, suggesting continued interest from both early adopters and new investors. What’s Next for Pi Coin? Price Stability or Sell-Off Risk? While Pi Coin’s price rally has drawn significant attention, the risk of a sell-off remains high. Many early adopters who mined Pi for years may start cashing out, leading to short-term price declines. Historically, newly listed tokens often experience initial volatility before stabilizing. If Pi Network maintains strong community engagement and utility development, it could see sustainable long-term growth rather than short-term speculation. The next big catalyst for PI will be Binance’s listing decision. If Binance and other top exchanges like Coinbase and Kraken add support for Pi Coin, it could trigger another bullish rally. Final Thoughts: Is Pi Network the Next Big Crypto Asset? Pi Network’s mainnet launch marks a pivotal moment in its journey toward mass adoption. Its mobile-friendly mining model, expanding ecosystem of dApps, and large user base set it apart from other blockchain projects. ✅ If Binance lists PI, prices could surge further.
✅ If Pi Network sustains real-world adoption, its value could grow over time.
✅ If early miners sell off, short-term price drops are possible. As the market continues to react to Pi Coin’s listing and trading activity, investors should keep an eye on Binance’s upcoming decision and how Pi Network progresses in building real-world use cases.
Pi Network Mainnet Launch Sparks 35% Surge in PI Coin – Market Reacts with High…