Pi Network has recently undergone significant developments, notably the launch of its Open Mainnet in February 2025. This transition marked the network's move from an experimental phase to a fully operational blockchain ecosystem, enabling Pi tokens to be traded on external exchanges and integrated into decentralized applications.
However, following the mainnet launch, Pi Coin experienced a sharp price decline. The token's value dropped by over 74% from its all-time high, reaching $0.7915 on March 26, 2025. This decline is attributed to an increase in token supply and investor skepticism regarding the network's future prospects.
Compounding these challenges, major cryptocurrency exchanges, including Binance, have declined to list Pi Coin. Binance's decision has sparked discussions within the crypto community, especially among Pi Network supporters who had anticipated broader exchange support.
Despite these setbacks, the Pi Network community remains active. The recent domain auction received over 200,000 bids, indicating ongoing enthusiasm and engagement among users. Some community members are optimistic that such initiatives could help stabilize and potentially increase Pi Coin's value.
Analysts have identified several risks that could impact Pi Coin's price trajectory, including potential sell-offs by early miners and technical challenges associated with the mainnet launch. These factors contribute to the current volatility and uncertainty surrounding Pi Coin's market performance.
As Pi Network continues to evolve, its future will depend on addressing these challenges and achieving broader adoption within the cryptocurrency ecosystem.
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