Breaking News: Pi Network’s Mainnet Launch Causes Surge and Sudden Drop in PI Coin Value



Pi Network, the highly anticipated cryptocurrency project, officially launched its mainnet on February 20, 2025, allowing the long-awaited trading of PI Coin on major exchanges. The token’s initial listing on platforms like OKX, Bitget, and Gate.io led to an initial surge in value, briefly reaching as high as $1.99.

However, the excitement was short-lived as the PI Coin’s price quickly dropped over 55%, falling to approximately $0.91 just hours after its peak. Despite the volatility, trading volumes surged, with PI Coin outperforming major cryptocurrencies like Bitcoin and Ethereum on some exchanges.

Yet, the project continues to face significant criticism. Ben Zhou, CEO of Bybit, strongly criticized Pi Network, labeling it a scam and pointing to warnings from Chinese authorities about the project's legitimacy. The sharp market fluctuations and ongoing regulatory concerns leave many in the crypto community divided over the future of Pi Coin.

As Pi Network transitions into the open market, the project's ability to address these concerns and establish long-term viability will play a crucial role in determining whether it can overcome the current volatility. Investors are urged to exercise caution while the situation unfolds.


 Pi Network, the highly anticipated cryptocurrency project, officially launched its mainnet on February 20, 2025, allowing the long-awaited trading of PI Coin on major exchanges. The token’s initial listing on platforms like OKX, Bitget, and Gate.io led to an initial surge in value, briefly reaching as high as $1.99. However, the excitement was short-lived as the PI Coin’s price quickly dropped over 55%, falling to approximately $0.91 just hours after its peak. Despite the volatility, trading volumes surged, with PI Coin outperforming major cryptocurrencies like Bitcoin and Ethereum on some exchanges. Yet, the project continues to face significant criticism. Ben Zhou, CEO of Bybit, strongly criticized Pi Network, labeling it a scam and pointing to warnings from Chinese authorities about the project's legitimacy. The sharp market fluctuations and ongoing regulatory concerns leave many in the crypto community divided over the future of Pi Coin. As Pi Network transitions into the open market, the project's ability to address these concerns and establish long-term viability will play a crucial role in determining whether it can overcome the current volatility. Investors are urged to exercise caution while the situation unfolds.