On February 20, 2025, Pi Network launched its Open Mainnet, transitioning from a closed ecosystem to an open, decentralized blockchain.
This milestone allowed Pi Coin to be traded on major cryptocurrency exchanges, including OKX and Bitget, while Binance initiated a community poll to consider its listing. The launch sparked significant market activity, with Pi Coin's price experiencing notable volatility. Initially, the token surged over 35%, reaching a peak of $1.97, before retracing to around $1.50.
Trading volumes were substantial, with reports indicating that Pi's volume surpassed $1 billion within the first day. Despite the enthusiasm, the market remains cautious due to regulatory concerns and the token's price fluctuations.