MarsBit News
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Pi Network mainnet price plummeted 70% in 24 hours: Is 0.6 PI worth buying?
Written by: Lawrence
On February 20, 2025, the Pi Network mainnet was officially launched, and 3.5 million users were excitedly waiting for this historic moment. However, like the experience of many crypto projects going online, Pi's first day of trading experienced violent fluctuations. On the first day of launch, the price of Pi soared to $2.8, but then plummeted, with a price drop of 78% in 24 hours, reaching a low of $0.61. As of press time, the price has slightly rebounded to $0.68.
At the same time, withdrawal failures at multiple exchanges and fake currency incidents on decentralized exchanges (DEX) have caused Pi Network to fall into a whirlpool of public opinion. This article will analyze the deep-seated reasons behind this price fluctuation through on-chain data, and explore the possible impact of this drastic fluctuation on the future of Pi Network. As the world's largest mobile mining project, Pi Network is at the crossroads of transformation, and perhaps this crisis is the catalyst for its rise.
On February 20, 2025, the Pi Network mainnet was officially launched, and 3.5 million users were excitedly waiting for this historic moment. However, like the experience of many crypto projects going online, Pi's first day of trading experienced violent fluctuations. On the first day of launch, the price of Pi soared to $2.8, but then plummeted, with a price drop of 78% in 24 hours, reaching a low of $0.61. As of press time, the price has slightly rebounded to $0.68.
At the same time, withdrawal failures at multiple exchanges and fake currency incidents on decentralized exchanges (DEX) have caused Pi Network to fall into a whirlpool of public opinion. This article will analyze the deep-seated reasons behind this price fluctuation through on-chain data, and explore the possible impact of this drastic fluctuation on the future of Pi Network. As the world's largest mobile mining project, Pi Network is at the crossroads of transformation, and perhaps this crisis is the catalyst for its rise.
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