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The Pi Network Mainnet launch is still anticipated to occur in 2025, though no official fixed date has been announced. The launch is contingent upon the successful completion of ecosystem readiness and the verification of a significant portion of users through the KYC process. Current Phase: Pi Network is currently in the "Enclosed Mainnet" phase, focusing on security, KYC, and ecosystem development. User Requirements: Users must complete KYC and migrate their wallets to prepare for the mainnet launch. Post-Launch Opportunities: Once launched, the mainnet will enable trading, decentralized applications (dApps), real-world transactions, and exchange listings. Market Performance: Pi Coin (PI) has been underperforming, with a recent price drop to around $0.57, down approximately 15% in the last month. However, there are early signs of a bullish reversal, with rising On-Balance Volume (OBV) and weakening sell pressure. Technical Indicators: The Chaikin Money Flow (CMF) shows a negative flow, and the Relative Strength Index (RSI) is nearing oversold territory, indicating potential further downturns. Partnerships and Approvals: Pi Network has received KYB (Know Your Business) approval from BANXA, facilitating cash purchases of Pi Coin in over 100 countries. The Pi Core Team remains committed to ensuring a secure and robust mainnet launch, emphasizing the importance of completing mass KYC verifications and building a fully operational ecosystem. #PiCoreTeam #PiNetworkMainnet #PiNetworkUpdates
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Bitcoin ETFs In January 2024, the U.S. Securities and Exchange Commission authorized U.S. exchange-traded products to buy and hold Bitcoin directly on behalf of their investors. Before that, ETFs were only permitted to gain indirect exposure to bitcoin through futures contracts. In October 2024, the SEC approved options contracts on select spot Bitcoin ETFs. As of November 2024, there were 36 Bitcoin spot ETFs, with combined assets exceeding $61 billion. #BitcoinETFs #Bitcoin $BTC $BNB
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Pi Network (PI) has experienced significant volatility in 2025, reflecting both its growing community and the challenges of transitioning from a closed to an open mainnet. #PiCoreTeam #PiNetwork 📉 Recent Price Trends Early 2025 Surge: In February, Pi Coin reached an all-time high of $2.98, fueled by anticipation of a Binance listing and the mainnet launch. Post-Launch Decline: Following the mainnet launch, the price plummeted by over 55%, stabilizing around $1.35 by mid-March. Current Status: As of May 6, 2025, Pi Coin is trading at approximately $0.59, reflecting ongoing market corrections and investor caution. 🔍 Factors Influencing the Trend Market Speculation: Rumors of a Binance listing have driven short-term price surges, but official confirmation remains pending. Token Unlock Events: Large-scale token releases have increased supply, contributing to downward pressure on prices. Regulatory Uncertainty: Delayed Know Your Customer (KYC) processes and limited exchange listings have hindered liquidity and broader adoption. 🔮 Future Look Pi Network's future hinges on successful KYC completion, strategic exchange listings, and the development of its decentralized application ecosystem. While the community remains optimistic, the project faces challenges in achieving sustained growth and stability. #binancewithpinetwork
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