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After years of anticipation, Pi Network has confirmed the launch date for its long-awaited mainnet. Set to go live on February 20, 2025, the Open Network marks a significant milestone for the project, led by Nicolas Kokkalis. Pi Network’s innovative approach to cryptocurrency mining, which allows users to mine coins directly from their mobile phones, has attracted millions of users over the past six years. Now, the question on everyone’s mind is: What will happen when Pi goes live?
#PiNetwork Set for Open Mainnet Launch on February 20, 2025; Pi Coin Surges 80%$PI #PiNetwork2025 #Picoin https://t.co/lm0GoWkmcC
— ChainAffairs ⚡ (@ChainAffairs) February 12, 2025
Pi Price Surge Amid Market Decline
Despite a 4% dip in the total cryptocurrency market cap, which now sits at approximately $3.27 trillion, Pi has defied the downward trend. In just 24 hours, Pi’s price surged by 66%, trading at an impressive $83.28. However, it’s important to note that Pi coins remain in the IOU phase, meaning they cannot yet be transferred across exchanges. This surge in price has fueled speculation surrounding the launch and its potential market impact.
Pi Network’s Market Valuation and Trading Activity
Market data from Coinmarketcap, supported by Binance, reveals that Pi coins have a fully diluted valuation of around $5.5 billion. The total supply is approximately 68 million coins. In the past 24 hours, Pi has seen a remarkable 120% increase in trading volume, reaching $761,000. The growing trading activity highlights the heightened excitement surrounding the upcoming mainnet launch.
The Big Question: Will Early Holders Sell After Mainnet Launch?
As Pi’s mainnet launch date approaches, many are wondering whether early holders will sell their coins once trading becomes available. Miners who have held their coins for over five years without the ability to cash out could lead to a sell-off, potentially putting downward pressure on the price. How the market reacts to this influx of tokens will be crucial in determining Pi Network’s future price trajectory.
Also Read: Pi Network Set for Open Mainnet Launch on February 20, 2025; Pi Coin Surges 80%
As Pi Network’s mainnet launch draws nearer, all eyes will be on the cryptocurrency’s next steps in an already volatile market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
