- Pi Network’s mainnet launch on February 20, 2025, caused Pi Coin to jump 36% within minutes, signaling strong investor confidence.
- Trading volume surged by 3600% as major exchanges listed Pi Coin, but price fluctuations sparked debates on market stability.
The long-awaited Pi Network mainnet launched on February 20, 2025, making an immediate impact on the cryptocurrency market. Pi Coin jumped 36% within minutes, signaling strong investor confidence and widespread community support. That milestone marked a breakthrough for a blockchain project that had been under development for over six years.
BREAKING: Pi’s Open Network Has Launched!
Check out the blog to learn more about Pi Network.
https://t.co/BOv0EB2mI8
— Pi News (@PiNewsApp) February 20, 2025
Pi Network’s journey has been unique. Pi uses a mobile-based mining model, unlike traditional proof-of-work cryptocurrencies, making it widely accessible. The project, which started as a simple mining app, has grown into a major player, boasting over 50 million registered users at its peak. Even before its open mainnet launch, it had 3.8 million followers on X, outpacing major networks like Ethereum and Solana.
Opening the mainnet grants Pioneers—Pi’s global user base—the ability to trade Pi Coin on centralized exchanges. Over 100 decentralized applications (dApps) have gone live, covering industries such as gaming and decentralized finance (DeFi).
Trading Volume Soars 3600% as Exchanges Rush to List Pi
As trading began, Pi Coin’s price action was anything but stable. Within an hour, it skyrocketed to $1.97, only to quickly pull back to $1.99 on OKX and $1.99 on Bitget. On Bybit, it briefly dipped below $1, while on Bitget, it hit a sudden peak of $3.40 before correcting. The token now eyes $300 mark if successfully launches on Binance, according to our previous analysis.
The surge came amid mounting speculation. Just a day before the mainnet launch, there were rumors that Pi Coin could debut at $60 to $70, which turned out to be far from reality. Despite the fluctuations, trading volume spiked by 3600% within minutes on CoinMarketCap, indicating strong demand and a highly active market.
Pi Network’s open mainnet launch also paved the way for multiple major exchanges to list the token. Platforms like OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget moved swiftly to support Pi Coin trading. However, Binance has yet to confirm its decision, instead opting to let users vote in a poll set to close on February 27, 2025. Other major exchanges, including Coinbase, Kraken, and Upbit, remain undecided.
Investor Optimism vs. Fear of Sell-Offs
While Pi Coin’s price action remains strong, some analysts warn of potential sell-offs in the coming weeks. Many early adopters who have mined Pi for years may choose to cash in on their holdings, leading to downward price pressure. Historically, newly listed tokens tend to experience significant sell-offs before settling into a stable price range.
Despite the risks, optimism remains. The coin’s growing user base and speculative buzz surrounding potential listings on Binance, Coinbase, and Kraken could fuel further price movement. Whether that translates into long-term stability or continued volatility depends on how well Pi Network sustains momentum.
At the time of writing, Pi Coin is trading at $0.9123 on OKX, marking a 42.52% decline, and $1.05 on Bitge,t with a 17% decline.
