Pi Network’s Mainnet Launch Triggers 55% Price Crash After Initial Surge
Pi Network launched its mainnet on February 20, 2025, causing Pi Coin to surge by 36% to $1.99 in the first hour. The excitement quickly turned to panic as the price dropped 55% to $0.9123 within hours due to heavy sell-offs and liquidity issues.
Key points:
- Initial price spike to $1.99 followed by a rapid decline
- Trading volume exceeded billions amid market volatility
- Price fluctuated, reaching $3.40 on Bitget before falling below $1 on Bybit
- Concerns over tokenomics lead to speculation about a potential crash to zero
- Immediate listings on exchanges like OKX and Bitget; Binance is evaluating community interest through a poll
- 86% of respondents voted in favor of listing Pi Coin on Binance
Pi price dropped from $1.989 to a low of $0.9123 | Source: OKX
86% voted 'Yes' in favor of Pi listing | Source: Binance Square
Future exchange listings could influence the coin's recovery potential, with attention now focused on major platforms like Coinbase and Kraken.