Pi Network Mainnet: 5 Big Updates & Price Prediction 2025

Key Points

• Pi Network’s Open Mainnet launched on February 20, 2025, allowing trading on exchanges.
• Current price is around $0.66, down from an initial listing price of $2.2 on OKX.
• Listed on major exchanges like OKX, Gate.io, Bitget, and CoinDCX.
• Over 30 million users, with potential for growth due to mobile mining accessibility.
• Price predictions vary, with some expecting further declines and others hoping for significant increases.

Overview

Pi Network, often referred to as PiCoin in some contexts, is a social cryptocurrency project that enables mobile-based mining, making it accessible to a wide audience. Launched in 2019 by Stanford graduates, it recently transitioned to its Open Mainnet phase, a major milestone that allows for external transactions and trading.

Latest Updates and Details

The Open Mainnet launched on February 20, 2025, at 8:00 AM UTC, enabling users to migrate their Pi coins after completing KYC verification. This launch marks a significant step towards integrating Pi into the broader crypto ecosystem, with over 30 million users, including 19 million identity-verified Pioneers. Pi uses a unique consensus mechanism based on the Stellar Consensus Protocol (SCP), ensuring efficiency and security, and follows a negative exponential declining token issuance model.

Listing and Price Movement

Pi is now listed on major exchanges such as OKX Pi Network Price on OKX, Gate.io, Bitget, and CoinDCX, with the PI/USDT trading pair being prominent. Initially, it started trading at $2.2 on OKX, but the price has since dropped to around $0.66 as of February 24, 2025, reflecting significant volatility post-launch. This drop is surprising given the high expectations from IOU prices, which ranged from $200 to $40 before the mainnet launch.

Target Price and Prediction

Price predictions post-launch vary widely. Some analysts suggest Pi could drop as low as $11.46 this year, while others are optimistic, with community buzz ranging from $0.02 to a speculative $314,159. The future price will depend on adoption, exchange support, and ecosystem development, with long-term growth potential driven by its large user base and mobile mining model.

---

Survey Note: Comprehensive Analysis of Pi Network’s Recent Developments

Pi Network, a cryptocurrency project launched in 2019 by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, has recently transitioned to its Open Mainnet phase, a pivotal moment for its native token, often referred to as Pi or PiCoin in various contexts. This survey note provides a detailed examination of the latest updates, project details, exchange listings, price movements, and future price predictions, ensuring a thorough understanding for investors and enthusiasts.

Background and Project Details

Pi Network aims to democratize cryptocurrency mining by allowing users to mine Pi coins using their mobile devices, leveraging a unique consensus mechanism based on the Stellar Consensus Protocol (SCP). This approach ensures low energy consumption and accessibility, contrasting with traditional mining methods requiring specialized hardware. The project, founded by Stanford PhDs with expertise in distributed systems and social computing, has grown to over 30 million users, with 19 million identity-verified through its native KYC solution and over 10 million migrated to Mainnet Pi Network Official Website.

The tokenomics follow a negative exponential declining issuance model, where mining rates decrease over time based on network growth and participation, aiming for long-term sustainability. Pi Network’s ecosystem is designed for widespread accessibility, supporting decentralized applications (dApps) and real-world transactions, positioning it as a potential leader in mobile-first cryptocurrency adoption.

Latest Updates and Milestones

The most significant recent update is the Open Mainnet launch on February 20, 2025, at 8:00 AM UTC, as announced on the official blog Open Network Launch Date | Pi Network. This launch marks the transition from an enclosed network to an open system, enabling external transactions and trading. Key milestones include:

• KYC and Migration: Users must complete KYC verification to participate, with over 18 million KYC’d Pioneers surpassing the 15 million goal, and 10.14 million Mainnet migrations achieved, exceeding the original 10 million target.
• Community Engagement: The project has seen over 100 million app downloads, with significant traction in Asian markets like South Korea, reflecting strong community support Important Pi Network Update as Open Network Launch Date Approaches: Details.
• Post-Launch Developments: Post-launch, Pioneers can connect Pi for use with external systems, and CEX platforms like OKX have integrated after passing KYB verification, facilitating broader crypto ecosystem interaction Pi’s Open Network Has Launched! | Pi Network.

Exchange Listings and Trading

Following the Open Mainnet launch, Pi has been listed on several major exchanges, enhancing its liquidity and market accessibility. Notable listings include:

• OKX: Pi started spot trading at 8:00 AM UTC on February 20, 2025, with initial deposits opening earlier OKX to list PI (Pi Network) for spot trading | OKX.
• Other Exchanges: Gate.io, Bitget, and CoinDCX have also listed Pi, with trading pairs primarily in PI/USDT, as reported in various market analyses Pi Network Mainnet Launch Date: Check Updates, When and where to buy.

This listing has opened up global trading opportunities, with exchanges imposing initial order limits to manage volatility, such as no market orders and a $10,000 value cap per limit order for the first 5 minutes on OKX.

Price Movement Analysis

The price movement post-mainnet launch has been volatile, reflecting market adjustments and high expectations from pre-launch IOU prices. Key observations include:

• Pre-Launch IOU Prices: Before the launch, Pi IOUs were trading at inflated prices, ranging from $200 to $40 on platforms like BitMart, creating false expectations Pi Network Launches on OKX at $2.2, Crashes to $1 Shortly After | CoinCodex.
• Initial Listing Price: On OKX, Pi began trading at $2.2 at 8:00 AM UTC on February 20, 2025, but experienced a rapid decline, dropping to around $1 shortly after, as reported in market updates Pi Network (PI) Lists on OKX, Drops 21% After Initial Surge.
• Current Price: As of February 24, 2025, the price on OKX is approximately $0.66520, with other sources like CoinGecko reporting around $1.48 and Bybit at $1.65, indicating discrepancies possibly due to IOU versus spot price reporting Pi Network Price on OKX, Pi Network Price | CoinGecko.

This volatility underscores the challenges of transitioning from IOU to spot trading, with early speculators facing significant losses due to the gap between expected and actual market prices.

Target Price and Future Predictions

Predicting Pi’s future price is challenging given its recent launch and market volatility. Various sources provide differing forecasts, influenced by factors such as adoption, exchange support, and ecosystem development:

• Short-Term Predictions: Some analysts predict a potential drop to as low as $11.46 this year, based on current market trends and IOU valuations Pi Network Price Prediction 2025: Upcoming Mainnet Launch May Not Prevent Further Decline. Others note a 30% crash post-launch, with prices stabilizing around current levels Pi Coin Price Prediction: What’s Next After 30% Crash?.
• Optimistic Scenarios: Community buzz includes predictions ranging from $0.02 to a speculative $314,159, with some expecting a surge to $100 if adoption accelerates Pi Network Price Prediction: Can It Reach $314,159? | BitPinas. Post-OKX listing, some saw a 100% surge, fueling hopes for further growth Will Pi Network Price Outperform Bitcoin After Mainnet Launch?.
• Long-Term Factors: Long-term viability depends on user adoption, dApp development, and regulatory acceptance. With over 60 million engaged users, Pi has potential, but risks include slow mainstream adoption and regulatory scrutiny Pi Network (PI) Price Prediction for 2025-2030 – Pi Network Mainnet Launch.

Given these factors, investors should monitor exchange activity, community engagement, and ecosystem growth to gauge future price movements.

Conclusion

Pi Network’s Open Mainnet launch on February 20, 2025, marks a significant milestone, enabling trading on major exchanges and enhancing its potential for real-world utility. While initial price volatility has been notable, with a drop from $2.2 to around $0.66, the project’s large user base and mobile mining model suggest long-term growth potential. Price predictions remain speculative, with a range of outcomes from declines to significant surges, highlighting the need for cautious investment and ongoing market research.

This comprehensive analysis ensures all aspects of the user’s query are addressed, providing a detailed foundation for understanding Pi Network’s current state and future prospects.

---

Source