Pi Network, launched in March 2019, transitioned to an open mainnet on February 20, 2025, marking a pivotal moment for its native token, PI. Prior to this, the token was primarily mined via mobile devices, attracting over 35 million users. The price reached an all-time high of $2.99 on February 26, 2025, but by March 9, 2025, it had fallen and being traded below $1.40.
Let look the major 4 factors contributing this falling:
🏮 1. Broader Market Trends
The cryptocurrency market has experienced significant turbulence, with institutional moves impacting prices. The insidance like BlackRock's dumping of Bitcoin and Ethereum likely contributed to a broader market slump, which is also affecting Pi Network's price, this is clearly show that external market forces, beyond Pi Network's control, played a role in the price decline.
🏮 2. Selling Pressure from Early Adopters
Following the mainnet launch, early adopters who mined Pi tokens at little to no cost began selling their holdings, creating a flood of supply to the exchangers while some people believe it may be caused by "revenge selling" by frustrated miners who expect higher price at the Open minnet, This selling pressure noted as massive sell-off post-launch, pushing prices down due to increased supply without matching the market demand.
🏮 3. Delayed or Uncertain Exchange Listings
While Pi Network secured listings on exchanges like OKX, Bitget, and MEXC around the mainnet launch, delays in listing on major platforms like Binance have created uncertainty. The delayed Binance listing, despite 86% user support in a vote from February 17-27, 2025, has dimmed investor confidence, contributing to the price crash.
🏮 4. Speculative Trading and Volatility
Pi Network, as a newly launched token with high anticipation, has been subject to speculative trading and high volatility. This highlights the speculative nature of the market and the potential for whale manipulation, For instance big investors dumping the market from $1.98 to $1.54.
♟️In addition:
Community and Adoption Challenges
Despite gaining some adoption, such as number of business that accept the Pay with Pi, the slow pace of utility development and dApp deployment has not been sufficient to stabilize the price. The once a majority of Pi dApps are deployed, it could reduce pump-and-dump cycles by increasing utility-based demand.
📌 Conclusion and Investor Considerations ⚠️
The recent price dump of Pi Network is a complex interplay of market trends, selling pressure, exchange listing uncertainties, and speculative trading.
Investors should be aware of the high volatility and consider the risks, especially given the token's recent launch and ongoing challenges in achieving stable adoption. It is advisable to conduct independent research and stay updated with official announcements from Pi Network and major exchanges.
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