Last Updated on February 20, 2025 by IPO Manthan Team
The Pi Network Launch has officially taken place today, February 20, 2025, at 8:00 AM UTC. With the opening of its Mainnet, Pi Network moves from a closed ecosystem to a fully functional blockchain platform. This means Pi holders can now conduct external transactions, trade on exchanges, and explore new possibilities in the crypto market.
Trading Begins on Major Exchanges
One of the biggest highlights of the Pi Network Launch is its listing on major cryptocurrency exchanges. Trading for Pi Coin starts today, with the first available pair being PI/USDT. Users were allowed to deposit their Pi coins starting from February 12, 2025, while withdrawals will begin on February 21, 2025, at 8:00 AM UTC.
| Exchange | Trading Pair | Deposit Start Date | Withdrawal Start Date |
|---|---|---|---|
| OKX | PI/USDT | Feb 12, 2025 | Feb 21, 2025 |
| Bitget | PI/USDT | Feb 12, 2025 | Feb 21, 2025 |
This listing is a major step forward, allowing Pi holders to buy, sell, and trade their coins in open markets.
Strong Community Growth
Pi Network has experienced rapid community expansion. More than 19 million users have successfully completed the Know Your Customer (KYC) process, a key requirement to migrate their Pi to the Mainnet. Out of these, over 10 million have already transferred their Pi coins, surpassing initial expectations.
| KYC Completion | Mainnet Migration |
|---|---|
| 19+ million users | 10+ million users |
This strong adoption indicates a high level of trust and engagement from Pi holders worldwide.
External Transactions Now Possible
Before the Pi Network Launch, users could only use Pi within the network. Now, with the Open Mainnet, they can transfer their coins to external wallets. This is a major shift, making Pi a fully functional cryptocurrency with real-world applications.
Developers can also build decentralized applications (DApps) on the Pi blockchain, expanding its use beyond simple transactions. Businesses now have the option to accept Pi as a form of payment, increasing its potential as a digital currency.
Market Reaction and Price Volatility
Following the announcement of the Pi Network Launch, Pi Coin saw a massive price surge of 106%, reaching around $71.81. However, analysts predict that the price could face volatility due to early selling pressures.
| Price Before Launch | Price After Announcement | Percentage Increase |
|---|---|---|
| ~$34.90 | ~$71.81 | 106% |
While some experts believe Pi Coin could see further growth, others caution that a price correction may happen as more users start selling their holdings.
Future Potential and Adoption
The Pi Network Launch is a crucial step toward decentralization and mass adoption. With exchange listings, external transactions, and business integrations, Pi is positioning itself as a competitive cryptocurrency.
To fully participate in the Open Mainnet, users must complete their KYC verification. This ensures compliance and security while preventing fraudulent activities.
As Pi Network moves forward, its success will depend on how well it can maintain liquidity, utility, and adoption in the crypto ecosystem. With millions of users actively involved, it remains one of the most watched projects in the industry.