#As of February 23, 2025, here’s the latest news on the Pi Network cryptocurrency based on available information:
Pi Network’s Open Mainnet officially launched on February 20, 2025, at 8:00 AM UTC, marking a significant milestone after years of development and an enclosed mainnet phase that began in December 2021. This transition to an open network enables external connectivity, allowing Pi coins to be traded beyond its ecosystem on major cryptocurrency exchanges . The launch has been celebrated by its community, with over 19 million identity-verified users (Pioneers) now able to use Pi for real-world transactions and integrations with KYB-verified businesses.
However, the launch has been a rollercoaster for Pi Coin’s price. Initially, the token saw a surge, peaking above $2 (with reports citing highs of $1.97 to $2.10) shortly after trading began. This spike reflected strong early interest, fueled by listings on prominent exchanges and speculation about potential Binance support. Yet, within 24 hours, the price crashed dramatically, dropping over 50%—and in some reports, as much as 71%—to lows around $0.6152 to $0.737 by February 21. As of the latest updates, Pi Coin is trading at approximately $0.865 to $0.8783, though prices vary across exchanges (e.g., $1.50 on O** and $1.20 on Bit*** at earlier points). This volatility is attributed to early miners selling off their holdings, limited real-world utility, and a lack of immediate Binance listing confirmation, despite Binance polling its community about Pi Network.
