Founded by Stanford Ph.D. Nicolas Kokkalis and Chengdiao Fan in 2019, Pi Network has amassed over 60 million users.
Pi Network’s native token, PI, is now listed on major exchanges including OKEx, Bitget, Bitrue, HTX, and BitMart. To encourage participation, Bitget is airdropping $60,000 in PI (until March 3rd), while BitMart is rewarding 300 users with a total of $3,000 USDT in PI tokens.
On February 24, 2025, the price of Pi Network (PI) showed a significant spike with an increase of 27.2%, reaching $1.59 or equivalent to Rp25,931 per coin. In the last 24 hours, the price of Pi Coin has moved in the range of $1.25 to $1.65, reflecting quite high volatility but with a clear uptrend.
With a market capitalization of $15.88 billion and a daily trading volume of $1.15 billion, Pi Coin shows considerable liquidity. Currently, the circulating supply is around 9.92 billion PI out of a maximum supply of 100 billion.
This sharp price increase is likely driven by factors that support the growth of the project, as well as the increasing market interest in the token. With its growing potential, many investors expect the price of Pi Coin to continue to soar higher in the near future.
Pi Network launched its Open Network and native PI token on February 20, 2025, marking almost six years in beta. The long period of development and speculation has built a strong community.
However, after the token launch, there was a “sell the news” response that caused the price of PI to drop drastically from almost $1.9 to around $0.6 in just a matter of hours after being listed on exchanges such as Bitget, OKEx, and MEXC, citing a report by The News Crypto.
A poll conducted by Binance, the largest cryptocurrency exchange, appears to be a factor driving PI Coin’s latest price surge. Preliminary results show that 85% of respondents support listing PI token on Binance.
The official results will be announced on February 27, 2025, but this strong level of support has raised speculation that the listing is imminent, which often triggers rapid price spikes and trend reversals.
Pi Network has been in trouble and has come under fire from Bybit, whose CEO called it a scam. However, Pi Network’s influence continues to grow, especially in India, where its app downloads have surpassed 100 million. This achievement reflects the platform’s global influence and the growing interest in its approach to digital currency.