Pi Network Price Update, Controversy Response, and Future Outlook (February 23, 2025)
Current Price and Market Activity:
As of February 23, 2025, Pi Network's native token, PI, is trading at approximately $1.60. This reflects a partial recovery from its initial post-mainnet low of $0.64 after launching on February 20, 2025. While still below its opening price of $1.84, the rebound signals growing market interest and cautious optimism.
Response to Ben Zhou’s Accusations:
Following public accusations from Bybit CEO Ben Zhou, who called Pi Network a scam and referenced a 2023 Chinese police warning, the Pi Core Team issued a firm rebuttal. They clarified that the police warning targeted fraudulent actors impersonating Pi Network, not the project itself. The Core Team reiterated their commitment to building a legitimate, community-driven ecosystem, highlighting their 60+ million engaged users as evidence of Pi’s credibility.
Future Price Predictions and Market Outlook:
Price predictions for 2025 remain mixed. Analysts forecast a potential trading range of $0.87 to $3.93, while more bullish projections place PI between $11.46 and $17.26 by year-end, depending on market adoption and exchange listings. A critical factor in PI’s trajectory will be the outcome of Binance’s community vote on February 27, 2025, which could unlock broader liquidity and visibility for the token.
Looking ahead, the potential listing of PI on major exchanges like Binance could influence its price trajectory. A community vote on Binance's platform, concluding on February 27, 2025, will determine whether PI gets listed. Such a listing could enhance liquidity and visibility, potentially leading to a price increase.