After years of anticipation, Pi Network is finally opening its doors to external trading. On 20 February 2025, at 08:00 AM UTC, the Open Mainnet will go live, ending the Enclosed Mainnet phase that began in December 2021.
This shift will allow Pi Coin to be traded on major exchanges, marking a crucial turning point for millions of users worldwide.
Exchanges line up for Pi Coin listings
Several centralised exchanges have confirmed their support for Pi Coin. OKX, Bitget, Bitrue, HTX, and BitMart will list the token at launch. Bitget has also announced a $60,000 Pi airdrop pool for eligible users, running until 3 March.
“Based on their engagement and exchange activities, different amounts of PI coins will be airdropped to users,” Bitget stated. Meanwhile, BitMart is offering a $3,000 USDT Pi giveaway to 300 selected users.
While these promotions generate excitement, Binance has taken a different approach.
The exchange is holding a rare community vote to determine if Pi Network should be listed, with the results expected on 27 February.
However, not all exchanges are embracing Pi. HTX recently delisted Pi Network’s IoU (I owe You) token, contributing to a price drop of over 50%.
This IoU token was used by traders to speculate on Pi’s value before the official launch.
Surging Interest and Record-Breaking Growth
Public interest in Pi Network has soared ahead of the mainnet launch.
Google Trends data reveals that searches for “Pi Network” have reached their highest possible value of 100, a massive jump from 26 in March 2024.
The project has also seen a surge in app downloads.
Pi Network has surpassed 110 million installations, with an average of 110,000 new downloads per day.
On 17 February alone, more than 540,000 new users joined the network. Currently, the app ranks #4 in the Social category on the Google Play Store, trailing only Facebook and Instagram.
On social media, Pi Network has outpaced major blockchain networks, including Ethereum and BNB Chain, in follower count.
Crypto analyst Kim H Wong noted, “Pi Network is quickly becoming one of the most discussed blockchain projects among top cryptocurrencies.”
Price Speculation: What Will Pi Coin Be Worth?
As Pi Coin prepares for open trading, its potential value is widely debated.
Current IoU trading suggests a price range of $61–$70.
However, projections vary, with some estimates placing it at $331.40 by March 2025.
Some extreme predictions suggest it could be anywhere between $1 and $314,159—the numerical value of Pi.
But market demand and trading volume will ultimately determine the real price.
Analysts highlight that if Pi Coin surpasses the psychological resistance of $100, it could rise to $120–$150.
If it faces rejection at this stage, a fallback to the $40–$50 range is likely before another upward movement.
Challenges and Future Prospects
Despite the enthusiasm, Pi Network still faces key challenges. Regulatory approval and compliance will be critical for its legitimacy in the wider crypto market.
A listing on Binance could provide the liquidity needed to boost prices, but the exchange has not yet confirmed any plans.
Additionally, the move to a decentralised blockchain must be executed seamlessly.
If successful, Pi Coin could gain broader adoption and become a significant player in the crypto industry.
However, if technical or regulatory roadblocks emerge, its momentum could stall.
As the countdown to launch nears its final hours, Pi Network is at a crossroads.
Whether it becomes a game-changer or fades into obscurity will depend on how well it navigates the transition into the open market.
(The Economic Times)
