Pi Coin has officially entered the open market after its long-awaited Mainnet launch on February 20, 2025. This marks a key step for the Pi Network, which has been in development since 2019. The cryptocurrency is now available for trading on platforms like OKX, Gate.io, Bitget, and CoinDCX.
Pi Coin Price and Market Activity
Since its debut, Pi Coin has seen significant price fluctuations. It started at $1.70 and briefly touched $2.00 before dropping by nearly 50% within hours. As of today, Pi Coin is trading around $0.66, with a 24-hour trading volume of nearly $1 billion.
Analysts believe the price drop was due to early adopters and miners selling their holdings after years of waiting to trade their tokens. The market is still adjusting, and its long-term value remains uncertain.
What is Pi Network?
Pi Network was designed to make cryptocurrency mining accessible to everyday users. Unlike Bitcoin and other major cryptocurrencies that require powerful mining rigs, Pi Coin can be mined using a mobile phone.
The project was created by a group of Stanford graduates to allow users worldwide to earn cryptocurrency without expensive hardware. Over 60 million pioneers have engaged with Pi Network, and more than 10 million users have now transferred their mined Pi to the open network.
Why Did the Price Drop?
The initial price surge and decline are common in newly listed cryptocurrencies. Some of the key reasons for Pi Coin’s price movement include:
- Early Sell-Offs – Many users had been mining Pi for years without the ability to trade it. When trading opened, some sold quickly.
- Liquidity Issues – Some exchanges had low trading depth, meaning large sales affected the price more than expected.
- Market Speculation – There was high anticipation around Pi Coin, leading to rapid price changes as traders adjusted their positions.
Despite the early price swings, some analysts believe the coin could stabilize as more users trade and the network grows.
Future Predictions – Will Pi Coin Increase in Value?
There are mixed opinions about Pi Coin’s future. Some experts believe that if it gains real-world utility, its price could rise significantly over time. Some predictions suggest Pi Coin could reach $500 by 2030, but this would require strong adoption and partnerships.
Others are more cautious, pointing to low liquidity and limited current use cases. Market data shows that some exchanges still struggle with small trading volumes, making price swings more likely.
Things to Consider Before Investing
If you are thinking about investing in Pi Coin, here are some important factors to consider:
- Volatility – Prices have already moved sharply in both directions, and this could continue.
- Liquidity Concerns – Some exchanges still have low liquidity, meaning large trades can affect the price quickly.
- Network Adoption – The success of Pi Coin depends on how well it is integrated into real-world transactions.
What’s Next for Pi Coin?
With the Mainnet now open, the next phase for Pi Network will focus on increasing adoption, developing real-world use cases, and securing more exchange listings. The project has already attracted millions of users, but its long-term value will depend on how well it integrates into the broader financial ecosystem.
Many in the crypto community will be watching to see how the network evolves in the coming months and whether it can build a sustainable future beyond the initial hype.