Pi Network mainnet launch drives Pi coin up 35%

Pi Network mainnet launch drives Pi coin up 35%. Pi Network’s highly anticipated mainnet launch on February 20, 2025, marked a historic moment for the cryptocurrency ecosystem.

The Pi Network, a “tap-to-earn” blockchain project, has spent over six years in development and operated on a closed mainnet since 2021.

With its open mainnet now launched, Pi’s community—referred to as “Pioneers”—can finally trade their Pi Coins.

Developers on the platform are also now able to showcase over 100 decentralized applications (dApps) created for various sectors, such as decentralized finance (DeFi) and gaming.

Pi Network mainnet launch drives Pi coin up 35%

As the mainnet went live, the token’s listing was immediately supported by multiple centralized exchanges (CEXs), including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget.

Binance, the world’s largest crypto exchange, has taken a different approach by conducting a poll to determine whether to list Pi Coin.

The poll is set to close on February 27, 2025, but the outcome is expected to be consistent with the current sentiment.

Pi Coin Price Today

Pi Coin saw significant volatility shortly after its listing. According to CoinGecko data, Pi Coin surged 36.8% within the first hour, peaking at $1.97.

However, its price quickly retraced, falling to $1.80 on OKX and $1.78 on Bitget. This marked a sharp decline from the previously speculated IOU prices of $61 to $70 that had been circulating just a day before the mainnet launch.

The price fluctuations didn’t stop there. After its initial listing, Pi briefly spiked to $3.40 on Bitget before retracing again.

On Bybit, Pi Coin’s price even dipped below the $1 mark shortly after trading began. Despite these sharp price corrections, the token has maintained strong buying pressure, and some speculate it could see further upward movement as more listings and potential hype-driven interest continues to build.