Pi Network Mainnet Launch: Major Listings & Price Movements in Focus :
Pi Network Goes Live on Mainnet
On February 20, 2025, Pi Network officially launched its Open Mainnet, marking a pivotal transition from its development phase to active external trading. This milestone allows its vast user base, known as “Pioneers,” to conduct transactions outside the previously closed ecosystem.
The launch has sparked immense interest, with Pi Network witnessing a surge in app downloads and search trends. Reports indicate that Pi Network has surpassed 110 million downloads, with an average of 110,000 daily installations over the past month. On February 17 alone, the app recorded over 540,000 new users. Google Trends data further confirms this growing interest, with search queries for “Pi Network” reaching an all-time high, significantly surpassing previous peaks.
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Major Exchanges List Pi Coin
The launch of Pi Network’s Open Mainnet has led to multiple centralized exchanges (CEXs) listing Pi Coin, including:
- OKX
- Bitget
- Gate.io
- BitMart
Additionally, Bitget has introduced a $60,000 Pi airdrop pool, rewarding eligible users. The airdrop campaign will run until March 3, 2025. Meanwhile, Binance, one of the world’s leading cryptocurrency exchanges, is conducting a community vote to determine whether Pi Coin should be listed on its platform. The results of this vote are expected on February 27, 2025.
Pi Coin Price Fluctuations
The market’s response to Pi Coin’s debut has been volatile. Initial trading prices varied significantly across platforms:
- OKX : $1.50
- Bitget : $1.20
These figures are notably lower than speculative IOU prices, which ranged between $61 and $70 in previous months. Within minutes of trading, Pi Coin’s trading volume surged by 250%, signaling massive investor interest. However, crypto analysts warn that such sudden price spikes often come with considerable risk.
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Challenges & Future Prospects
Despite the excitement surrounding Pi Network’s launch, several challenges lie ahead. Regulatory approval and compliance remain critical hurdles for its legitimacy in the broader crypto market. The success of Pi Coin will depend on its ability to integrate with external platforms while maintaining a secure and compliant ecosystem.
The Pi Core Team has emphasized the importance of Know Your Customer (KYC) and Know Your Business (KYB) verifications to ensure network security and regulatory adherence. As Pi Network embarks on this new chapter, the global crypto community will closely monitor its adoption, performance, and potential impact on the digital currency landscape.
With millions of Pioneers eagerly awaiting further developments, the success of Pi Network’s Open Mainnet will largely depend on real-world utility, merchant adoption, and regulatory acceptance. While the journey has just begun, its impact on the crypto industry is already evident.
