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Pi Network has officially launched its mainnet and is already listed on several exchanges. With a maximum supply of 100 billion, the circulating amount of Pi Coin stands at approximately 9.7 billion. After peaking above the all-time high of $2, Pi has plummeted sharply to $0.64, resulting in a significant drop of over 55% as investors flock to sell.
The Decline in Pi Coin’s Price and Market Response
OKX has listed Pi Coin; however, the largest exchange, Binance, has yet to list the altcoin. Binance has stated that specific criteria must be met for Pi Coin to be listed. If these criteria are fulfilled, the exchange may proceed with the listing, which could potentially drive the price upward.
Market analyst Kim Wong commented on social media, stating, “Pi Coin’s trading volume is low. Sales are heavy, and buy orders are small-scale. Large capital is still absent from the market. However, it indicates that these sales may be nearing exhaustion, and the price could rise again as buyers step in.”
Wong emphasized, “The important thing is that Pi Network has become accessible on a global scale. As users adopt the ecosystem and major investors enter the market, the price may increase. Do not sell your Pi Coins; hold on to them.”
The Future of Pi Network
The founders of Pi Network assert that the project is fully functional and user-friendly. The platform, accessible via the Pi Browser, supports secure transactions through the Pi Wallet application. Additionally, it allows Web3 applications to be shared in Web2 browsers, reaching a broad audience.
However, the success of Pi Network is not limited to its technological infrastructure. For it to reach wider audiences, developers must create real use cases, and businesses need to adopt the network. The coin economy is carefully planned to prevent hyperinflation from the millions of circulating Pi Coins, aiming to maintain long-term price stability.
