As of March 22, 2025, Pi Network has made significant strides, notably launching its Open Mainnet on February 20, 2025. This milestone has allowed users to transfer and utilize Pi coins across various platforms, enhancing the cryptocurrency's real-world utility.

Following the mainnet launch, Pi Coin experienced substantial price volatility. The coin's price surged by 80%, rising from $49 to $92 in a few hours post-launch. However, this surge was short-lived, and Pi Coin has since faced significant selling pressure. As of March 21, 2025, Pi Coin's price dropped below $1, marking a 20% decline in value. This downturn is attributed to delays in exchange listings and an unclear development roadmap, leading to investor concerns.

In response to these challenges, Pi Network has extended the deadline for Know Your Customer (KYC) verification and mainnet migration to February 28, 2025, providing users additional time to complete necessary procedures. Additionally, the network hosted PiFest 2025, aiming to drive global adoption of Pi Coin. Despite these efforts, legal and regulatory uncertainties, alongside a 10% drop in its price, have cast a shadow over the event's success.

Currently, Pi Coin is trading at approximately $1.17, with a market capitalization of around $7.62 billion. The coin's future performance will likely depend on the network's ability to address regulatory challenges, secure exchange listings, and enhance user adoption.