Pi coin listing controversy: opportunities, risks and market game (Updated as of February 20, 2025) $BNB 1. Market Status and Exchange Attitude Divergence
1. Mainnet launch and exchange updates
The Pi Network mainnet was officially opened at 16:00 (Eastern Time) on February 20, 2025, ending the six-year closed beta phase. OKX, Bitget and other exchanges simultaneously launched Pi spot trading, and the opening price fluctuated violently. The price of Gate Exchange plummeted from 2.88 to 1.3 on the first day, with a daily drop of more than 50%. Binance initiated a community vote, with 86.2% of users supporting listing, but the final decision still needs to pass compliance review.