Pi Network’s price upon listing will be influenced by supply and demand, exchange liquidity, and market sentiment. While early hype suggests a starting price of $0.01 – $0.02, historical data from similar projects warns of an 85%-99% drop post-listing.

As Pi Network moves into its Open Network phase, the biggest question remains: Will Pi maintain its hype or face the same fate as past airdrop-based tokens?

Key Takeaways: – Pi Network’s initial trading may start at $0.01 – $0.02, but heavy sell pressure could push prices as low as $0.001 – $0.002. – Confirmed listings on OKX and Bitget (February 20, 2025) provide initial liquidity, but Binance, Huobi, and other major exchanges will be crucial for long-term price stability. – If Pi Network gains real-world DeFi, Web3, and payment use cases, its price could stabilize between $0.15 – $0.2.

Introduction

Pi Network has announced that its Open Network phase will officially commence on February 20, 2025. The transition marks a significant milestone in the project’s development, allowing users to transact Pi freely and connect with external blockchain systems. OKX and Bitget have confirmed plans to list the Pi token for trading.

19M KYC-Verified Users Gain Access to Pi Open Mainnet

The Open Network launch will remove these restrictions, enabling full integration with external blockchains and financial systems. According to the Pi Core Team, this transition will allow more than 19 million KYC-verified users to engage in unrestricted transactions on the mainnet.

As part of the Open Network rollout, the Pi Core Team has also announced an extension of the KYC (Know Your Customer) deadline to February 28, 2025.

Pi Exchange Listings Expand, But History Suggests Price Drop

Following the Open Network announcement, OKX confirmed it would list the Pi/USDT trading pair starting February 20, 2025. Bitget has also announced support for Pi trading on the same date. Other cryptocurrency exchanges are expected to follow suit, although no additional listings have been officially confirmed as of this report.

Currently, Pi’s price in the IOU (futures) market is trading at approximately $62.2, reflecting speculative demand ahead of its official exchange debut.

However, analysts caution that tokens launched through airdrops and mining distributions often experience significant price corrections after initial listing. Historical data from similar projects, such as DOGS (-88%), NOT (-85%), and Hamster Kombat (-90%), suggest that Pi could face an 85-99% drop in value once trading begins.

What is Pi Network?

Pi Network was developed by a team of Stanford University graduates, including Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip. Unlike Bitcoin and other proof-of-work cryptocurrencies, Pi Network utilizes a low-energy, mobile-based mining mechanism, allowing users, known as Pioneers, to earn Pi using their smartphones without high computational costs.

Initially, Pi Network operated within an Enclosed Mainnet, where transactions were restricted to an internal marketplace. The project has since progressed through various phases, leading to the upcoming Open Network transition, which will enable full blockchain connectivity and unrestricted transactions.

Key Milestones in Pi Network’s Development

Category	Details
Engaged Users	Over 60 Million
Identity-Verified (KYC) Users	19 Million
Pi Migrated to Mainnet	10 Million+

Over 60 Million Engaged Users

In a press release on June 28, 2024, Pi Network reported surpassing 60 million users, with 12 million KYC-verified individuals indicating they had undergone identity authentication.

By December 2024, Pi Network updated that KYC-verified users had risen to 18 million. However, despite this growth, concerns persist regarding the accuracy of these figures, particularly in comparison to actual blockchain data.

19 Million Identity-Verified (KYC) Users

As of February 2025, Bitget reported that over 19 million users have completed the verification process, allowing them to fully participate in Pi transactions, staking, and decentralized applications (dApps) once the Open Network is live.

10 Million+ Pi Migrated to Mainnet

According to the latest data from explorepi, Pi Network has recorded over 10 million Pi wallets migrated to the mainnet, surpassing its initial milestone of 10 million mainnet migrations.

Latest Updates on Pi Network (2025)

Pi Network is preparing for a major transition, with its Open Network launch on February 20, 2025, marking a significant shift from its previous Rung Mainnet phase.

Meaning of Open Network for Pi’s Ecosystem

The Open Network phase represents the final stage of Pi Network’s roadmap, allowing unrestricted access to its blockchain. Until now, Pi transactions were limited to an internal ecosystem, where users could only exchange Pi within the network. Once Open Network is activated, users will be able to:

• Freely transact Pi across the blockchain.
• Use Pi for payments, DeFi applications, and smart contracts.
• Trade Pi on cryptocurrency exchanges.
• Connect with other blockchain networks.

Pi Network Listing on Exchanges

OKX, Bitget to Launch PI/USDT Trading

Following the Open Network announcement, multiple exchanges have confirmed plans to list Pi for public trading:

• OKX – Officially announced PI/USDT trading, set to begin on February 20, 2025.
• Bitget – Also confirmed the listing of PI/USDT on the same date.

Potential Future Listings: Binance, Huobi, and More

While OKX and Bitget have officially confirmed their support, other major exchanges may follow. Historically, large exchanges such as Binance and Huobi tend to observe market demand before listing new tokens.

Exchange	Description
Binance	The largest cryptocurrency exchange, known for listing high-demand tokens.
Huobi	Previously supported Pi in its IOU market.
KuCoin	A mid-tier exchange that often lists trending assets post-launch.

Pi Network Price Prediction After Listing

Given the high number of Pi holders and potential selling pressure, analysts caution that Pi’s price could see a steep decline after listing. However, if Pi successfully integrates into DeFi, payment solutions, and Web3 applications, its long-term value may stabilize.

Current Market Trends & Analysis

Google Trends Data: Interest Surge in February 2025

Search interest in Pi Network has surged significantly ahead of its Open Network launch, as reflected in Google Trends data. Over the past 30 days, Pi Network-related searches have experienced a sharp increase, indicating heightened public curiosity and speculation.

Community Reaction: Bullish or Sell-Off?

The Pi Network community has long awaited the Open Network transition. However, opinions remain divided between short-term traders looking to cash out and long-term supporters aiming for ecosystem development.

Bullish	Sell-Off Risks
Large user base of over 60M Pioneers.	Many users have been mining Pi for years and may sell immediately upon listing.
Potential for real-world payments and decentralized applications.	No confirmed large-scale institutional adoption yet.
Possible adoption in Web3, DeFi, and e-commerce.	High circulating supply (6.04B – 7.13B Pi) could limit price growth.

Given these factors, the first 24-48 hours after listing will be crucial in determining whether Pi stabilizes or experiences a rapid decline.

Impact of Mass Sell-Offs from Early Adopters

Pi Network has been in development since 2019, meaning millions of users have accumulated Pi at no cost through mining. When airdropped tokens hit exchanges, early holders often engage in mass sell-offs, driving prices down significantly.

Prime examples of similar cases:

• DOGS (Telegram memecoin): Dropped -88% after listing.
• Notcoin (NOT): Fell -85% from its initial price.
• Hamster Kombat (HMST): Declined -90% post-listing.

Given Pi Network’s large user base and free distribution model, a similar pattern is likely unless demand significantly outweighs selling pressure.

Comparison: Pi Network vs. Airdrop-Based Tokens (DOGS, NOT, HMST)

Pi Network shares key similarities with tokens that launched via free airdrops or mining, including DOGS, NOT, and HMST, all of which experienced sharp price drops after listing.

Crypto	Initial Price (USD)	Price at Listing (USD)	Price Drop After Listing	Current Price (USD)	Market Cap at Peak
Pi Network (Prediction)	updating	$0.01 – $0.02	Potential -85% to -99%	updating	$1B – $10B (Estimated)
DOGS (Telegram Memecoin)	$0.0017	$0.0016	-88%	$0.00019	~$872M
Notcoin (NOT)	$0.020	$0.017	-85%	$0.0031	~$2.5B
Hamster Kombat (HMST)	$0.15	$0.12	-90%	$0.0017	~$552M

What should you expect from Pi Network’s price?

Short-term (First 24-48 hours):

• Extreme volatility is expected.
• Potential price drop of 85-99%, similar to past airdrop tokens.
• Heavy sell-offs from early holders could drive the price below $0.01.

Medium-term (Weeks After Listing):

• Price could stabilize between $0.01 – $0.02, depending on exchange support and real-world adoption.
• Further exchange listings (e.g., Binance, Huobi) could impact liquidity.

Long-term (Beyond 2025):

• If Pi develops a strong DeFi and Web3 ecosystem, the price could rise toward $0.15 – $0.2.
• Adoption of DeFi, payments, and smart contracts will be crucial.

Scenario	Market Cap Estimate	Predicted Pi Price (USD)
DOGS-Like Market Cap at Launch	~$872M	$0.01 – $0.02
Pi Follows DOGS’ Drop (-88%)	~$100M	$0.001 – $0.002
Pi as a Small Blockchain (Near, Algorand Level)	~$1B	$0.015 – $0.03
Pi Reaches ADA/SOL-Level Market Cap	~$10B	$0.1 – $0.15

Considering all the price scenarios above, the main question is, is there enough liquidity on exchanges?

How Much Will Your Pi Be Worth?

Pi Price (USD/Pi)	Total Value for 20,000 Pi (USD)
$0.12	$2,400
$0.15	$3,000
$0.02 (DOGS-style crash)	$400
$1.00 (Top blockchain status)	$20,000
$10.00 (Unrealistic scenario)	$200,000

Factors Influencing Pi Network’s Price

The price of Pi Network (PI) will be determined by multiple market dynamics following its Open Network launch on February 20, 2025, and exchange listings. Like other cryptocurrencies, supply and demand, exchange liquidity, ecosystem growth, and regulatory factors will play a crucial role in driving Pi’s short- and long-term valuation.

Supply and Demand Technicians

• Circulating Supply: 6.041B – 7.13B Pi (as of February 2025).
• Total Supply: 9.294B Pi (potential unlocking).
• Max Supply: 100B Pi (long-term dilution).
• Locked Supply: Staked Pi reduces immediate sell pressure.

Impact on Price:

• High sell pressure from early miners could lead to -85% to -99% declines (similar to DOGS, NOT, and HMST).
• If adoption grows, Pi could stabilize at $0.10 – $1.00.

Exchange Liquidity (Number of Listings)

Exchange Liquidity (Number of Listings)	Details
Confirmed Listings	OKX – PI/USDT trading starts February 20, 2025. Bitget – Also listing PI/USDT on February 20, 2025.
Potential Future Listings	Binance, Huobi, KuCoin, Bybit, Gate.io.

Impact on Price:

• More exchange listings = higher liquidity and reduced volatility.
• Fewer listings = low trading volume and price manipulation risks.

Frequently Asked Questions (FAQs)

What will Pi Network’s price be after listing?

Likely $0.01 – $0.02, based on past airdrops like DOGS and NOT.

Can Pi reach $100 or $1,000?

Highly unlikely due to large supply and lack of institutional adoption.

Where can I buy and sell Pi Network (PI)?

OKX, Bitget (confirmed), Binance & other exchanges (pending).

What is Pi Network’s long-term potential?

If adoption grows, it may stabilize between $1 – $1.50, similar to ADA.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.