Pi Network (PI) is now officially ready for trading on February 20, 2025, after years of waiting. The coin initially shot up to USD1.84 but fast dropped to USD0.64 as many investors rushed to sell. By February 21, its price had fallen 62.63 percent to USD0.737, a big drop from its high of USD1.97 when it first hit exchanges.
In spite of the previous fall, Pi Coin made a strong comeback. Within just 24 hours, the coin’s value surged by 97 percent, making it the most talked-about cryptocurrency on CoinMarketCap. A poll on Binance showed that 85 percent of users wanted Pi to be listed, further boosting excitement.
What is Pi Network?
Pi Network is a Web3 blockchain project that allows users to mine cryptocurrency using their smartphones. No expensive equipment needed. It was created in 2019 by Stanford Ph. Ds Nicolas Kokkalis and Chengdiao Fan. Unlike Bitcoin, which requires powerful computers, Pi can be earned by simply opening the app and tapping a button once a day.
According to the official Pi Network website, the project has built a massive community of people mining Pi to develop a Web3-based ecosystem. The network also uses a special mining system that consumes very little energy and has a strong KYC verification process to prevent fraud.
Why Was Pi’s Listing So Important?
Millions of Pi users had been waiting for this moment for years. After a two-year delay, they were finally able to move their mined Pi Coins from a test version to the real blockchain (mainnet). As of February 2025, Pi Network had been downloaded over 110 million times, with 5,40,000 new users joining on February 17 alone.
The listing on big exchanges like Binance, CoinDCX, OKX, and Bitget meant that users could now sell their Pi Coins for the first time. Ahead of the launch, Pi Network posted on X:
"One day left before Open Network’s launch at 8-am UTC on February 20, 2025! The transition to Open Network will enable external connectivity on the Mainnet blockchain, allowing Pi to interface with other compliant networks and systems. This means Pioneers will be able to engage in transactions beyond the Pi ecosystem, expanding Pi’s utility and reach."
How to Mine Pi Coin on Your Phone
Mining Pi is easy and requires no special hardware. Here is how to do it:
Download and install the Pi Network app.
Tap the lightning bolt icon once a day to start mining.
After three days, add 3-5 trusted contacts to increase your mining rate.
Refer friends to boost earnings even more.
How to Buy Pi Coin
Now that Pi is officially listed, you can buy it by following these steps:
Download a crypto exchange app like CoinDCX, OKX, or Bitget.
Complete the KYC (Know Your Customer) verification process.
Add funds to your exchange wallet and purchase Pi Coin.
What’s Next for Pi Coin?
According to Fortune India, if Pi Network creates real-world uses for its coin, its price could rise above USD500 by 2030. While this is just a prediction, Pi’s fast-growing user base and strong community support make it a serious player in the crypto world.
Bitcoin and Ethereum: The Bigger Picture
The overall crypto market is also looking strong. Bitcoin recently hit USD98,000 and could move between USD98,000 and USD102,000 before climbing higher, according to CoinSwitch Markets Desk. Meanwhile, Ethereum is struggling to break past the USD3,000 mark and is hovering around USD2,800.
Pi Network’s fast rise has generated a lot of excitement, but its future will depend on how well it integrates into the larger financial system. With over 60 million registered users and growing support from major exchanges, the coming weeks will show whether Pi can hold its momentum or if it's just another hype-driven surge.
To encourage more adoption, exchanges like Bitget and BitMart are offering special promotions, including a USD60,000 Pi airdrop pool and a USD3,000 USDT give-a-way for select users.
In India, Pi Network has crossed 10-cr downloads on the Google Play Store, proving its strong popularity in the country. As the project continues to develop, all eyes are on whether Pi Coin can setup itself as a valuable cryptocurrency for real-world use.