Pi Network (PI) Goes Live on Major Exchanges but Faces Initial Price Correction

Pi Network (PI) made its long-awaited debut on leading cryptocurrency exchanges such as Bitget, Gate.io, OKX, and others. However, shortly after the listing, the token experienced a sharp decline, dropping over 25% and trading below $1 at the time of writing. Despite this price correction, PI has seen a remarkable trading volume exceeding $735 million, according to CoinGecko data, signaling strong market interest.

Community Reactions: Pioneers Voice Their Concerns

The Pi Network community, known as Pioneers, has taken to X (formerly Twitter) to express their disappointment regarding the token’s initial trading price. Many early adopters who mined PI over the years expected a much higher valuation and are now questioning the impact of the listing on the network’s long-term vision. Some users have even suggested that the Core Team reassess the situation to ensure that the interests of dedicated Pioneers are protected.

A key demand from the community, as highlighted by Dr. Picoin, is for the Core Team to officially confirm and distribute mined PI tokens to users. Concerns have also been raised about how the referral-based mining system should evolve to maintain fairness within the ecosystem.

Long-Term Perspective: A Temporary Setback or a Launchpad for Growth?

While some may view PI’s early price drop as discouraging, seasoned crypto investors point out that many successful projects, including Solana (SOL) and Ethereum (ETH), experienced similar early-stage volatility before achieving massive growth. The Pi Network’s vast user base of over 60 million members worldwide, combined with its mobile-first mining approach, could position it for future success as adoption increases.

As the market digests the new supply and trading activity stabilizes, the real question remains: Will PI follow the path of major cryptocurrencies and see long-term value appreciation?

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