🧩 Overview of the Pi Network Project

Pi Network was founded in 2019 by a team of Stanford University graduates, led by Dr. Kokalais and Dr. Qingdao Fan. The project aims to enable users to mine digital currencies through a mobile application, without the need for specialized hardware or high energy consumption, making mining more accessible and easier.

🚀 Launch of the Mainnet and Price Developments

On February 20, 2025, Pi Network launched its open mainnet, allowing users to freely trade Pi currency on platforms such as OKX, Bitget, and MEXC. At launch, the currency was traded at a price of $1.6, but it experienced sharp fluctuations due to significant selling pressure.

📊 Technical Analysis of Pi Network's Price

After the launch of the mainnet, the price of Pi peaked at $3, then fell to $0.3980. Currently, the price is trading around $0.7595, with expectations of rising to $1 if the positive momentum continues. However, there are concerns about the formation of a "rising wedge" pattern, which could lead to a price drop of up to 50% if this pattern materializes.

📌 Conclusion

Pi Network is an innovative project aimed at making digital currency mining more accessible. With the launch of the mainnet, the currency became tradable, representing an important step towards achieving the project's goals. However, Pi Network faces challenges such as centralized control and lack of listing on major platforms.