After a wait of six-years, the Pi Network has finally launched on the Open Mainnet today February 20, 2025, marking a significant day for the community. The project began as a mobile mining experiment in 2019, and now its native token is soaring high right after its launch.
At press time, the price of the PI coin stands at $2.05 with a surge of 59.9% from its initial valuation of $1.24, according to CoinGecko. This rapid increase right after the listing indicates the huge involvement of the community members, though the journey has been full of volatility.
Hours before the mainnet launch, Pi Coin’s (IOU-initial offerings) price dipped down by 55% on secondary markets, which also indicated the risk that exists in the pre-launch speculations.
Binance Listing Hangs in the Balance
With exchanges such as OKX, Gate.io, and MEXC have already committed to list Pi on their platforms, the coin’s listing on Binance is still hanging in the balance.
Binance being the world’s largest cryptocurrency exchange, listing of Pi on this platform could increase the adoption of the token, boost liquidity, legitimacy and can lead to a significant surge in the price of the token. Analyst believe that post-listing the prices could surge to $136-200 if the bullish momentum holds up.
Binance has actually opened up a community vote to decide whether to list Pi Network (PI) on the platform or not. As of February 18, 2025, the voting results show that 85%-86.6% of the eligible votes are in favor of listing Pi on the exchange platform.
However, Binance has clarified that the vote does not guarantee a listing decision. The exchange will review and remove non-eligible votes before finalizing the results after the voting period ends on February 27, 2025.
Since Binance’s decision is not out yet, the only exchange that has denied listing Pi Network on its platform is Bybit.
Price Predictions
Analysts predict that for short term predictions, the average price of the Pi Network token in 2025 could be somewhere around $74.40 and with bullish momentum it could reach as high as $196.43. For long-term projections, analyst predict $234.70 by 2030.
Community Resilience
Despite the volatility, Pi’s community has been resilient throughout these years and it is expected to stay the same moving forward. Over 10 million “Pioneers” actively participated in node operations and KYC processes during the enclosed Mainnet phase.
Pi Network has a strong community support and plans to work with decentralized apps, which could help it grow in the Web3 space. However, it still faces big challenges like government regulations and competition from more established cryptocurrencies.
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