pinetwork

After years of hype and mobile mining, Pi Network has finally launched its Open Mainnet on February 20, 2025, shifting from a closed beta to a fully open ecosystem. With over 47 million users and 10 million+ KYCed wallets, the move marks a major turning point in Pi’s journey toward real-world crypto utility.
But the big question remains:
Is $PI ready for prime time—or just another overhyped mobile project?
🧠 What’s New with the Open Mainnet?
🔓 Mainnet is now fully open — users can send, receive, and trade $PI freely
💼 Listed on major exchanges like OKX, Bitget, and MEXC
💱 Initial trading price ranged from $0.65 to $3, with current levels around $1.20
📲 dApp ecosystem growing fast: 100+ apps live on Pi Browser
🧾 KYC and migration updates continue, with new waves onboarding daily
📊 Key Metrics:
🌍 47M engaged users globally✅ 10.14M wallets migrated to mainnet🔑 Over 19M passed KYC🧠 Ecosystem includes apps for DeFi, marketplaces, NFTs, and even educational tools
💬 Why the Buzz Around $PI?
Despite early skepticism, Pi Network has built something rare in crypto: a loyal global community of non-tech users. Most Pi miners have never used a centralized exchange before. That gives Pi a unique angle—onboarding the masses into Web3 without the usual crypto barrier-to-entry.
Meanwhile, no official tokenomics or VC allocations have been released, leading some to speculate that $PI is more decentralized than it looks.
⚠️ But There Are Risks…
❗ Not listed on Binance (yet)
❗ Confusion between real $PI and IOU listings on some platforms
❗ Some crypto execs (e.g. Bybit’s CEO) have called Pi a “scam”
❗ Delays and lack of transparency have hurt confidence in the dev team
Still, millions of users remain active, and momentum is growing.
📈 What’s Next?
The real test starts now:
Can Pi turn mobile mining into real token utility?
Will devs ship usable dApps beyond hype?
And can Pi’s army of holders resist the urge to sell early?
📢 My Take:
If $PI keeps growing organically, focuses on utility, and lands a Binance listing, it could easily reach $3–5 this cycle. But until the tokenomics and foundation plans are clear, caution is still warranted.
#PiNetwork #PiMainnetHype #CryptoNews #Web3Adoption #BinanceSquareTalks

As of July 4, 2025, Pi Network’s native token, PI, is trading at approximately $0.48 USD, with recent market movements and a controversial staking mechanism fueling debates about its future. This article explores Pi’s current price, the uproar over its no-reward staking system, and whether the coin risks plummeting to zero.Current Price and Market PerformancePi Network’s price today hovers between $0.4702 and $0.5006 USD, with a 24-hour trading volume of $25.91M to $79.51M. The coin has seen a slight decline of -0.04% to -5.03% in the past day and a steeper drop of -12.50% to -22.28% over the last week, underperforming the broader crypto market’s 1.20% gain and Layer 1 cryptocurrencies’ 2.70% rise. Pi’s market cap is around $3.59B to $3.82B, with a circulating supply of 7.63B to 7.64B PI coins out of a maximum supply of 100B. Its fully diluted valuation (FDV) ranges from $48.39B to $51.91B, ranking it between #30 and #38 on platforms like CoinMarketCap and CoinGecko.The price is down significantly from its all-time high of $2.97 to $3.00 on February 26 or 27, 2025, a drop of -83.90% to -84%. It remains 18.10% to 383.10% above its all-time low of $0.049 to $0.10 on February 20, 2025. Recent 24-hour trading shows a high of $0.4977 to $0.5058 and a low of $0.4688 to $0.480, with some exchanges reporting lower volumes for Pi [IOU] at $1.56M to $7.64M.Controversy Over No-Reward StakingA recent update allowing Pi users to stake coins to rank apps in the ecosystem has sparked significant backlash. Unlike traditional staking, which offers rewards like interest or additional tokens, Pi’s mechanism provides no direct financial incentives. This has confused and frustrated users, with posts on X highlighting discontent: “Why lock up Pi with zero profit?” asked one user, reflecting community sentiment. The lack of rewards has led to speculation that staking could reduce circulating supply without boosting demand, potentially driving prices lower.Analysts warn that this staking model, combined with 19.2 million PI tokens (valued at ~$10M) set to unlock on July 4, could exacerbate selling pressure. The bearish flag pattern observed in late June, with a 28% drop from $0.66 to $0.47, suggests a potential further decline to $0.351 if the price falls below the $0.493 support level.Why Is Pi’s Price Dropping?Several factors are contributing to Pi’s bearish trend:Token Unlocks: The scheduled release of 18.2M to 19.2M PI tokens increases supply, potentially flooding the market and pushing prices down. Over 366M PI (~$177M) are already held on exchanges, raising fears of a sell-off.No-Reward Staking Backlash: The lack of staking incentives has dampened community enthusiasm, with some X users calling it a “misstep” that could erode trust.Market Decoupling: Pi’s correlation with Bitcoin, currently at a low 0.07, shows it’s not benefiting from Bitcoin’s rally to $108,981. This decoupling, alongside a broader altcoin sell-off, has left Pi vulnerable.Centralization Concerns: The Pi Core Team controls 90% of the token supply, leading to accusations of centralization. This has fueled skepticism about price manipulation and limited utility, with some labeling Pi a “ghost chain” due to the lack of mainstream ecosystem applications.Limited Utility and Liquidity: Most mined Pi coins remain locked in the closed mainnet, and only a small percentage of users have completed KYC verification, restricting real-world use and exchange listings.Is Pi Going to $0?While some fear Pi could crash to $0, analysts suggest this is unlikely in the near term. Dr. Altcoin, cited on Coinpedia, argues that the Pi Core Team’s control over 90% of tokens will prevent a drop below $0.40 to maintain the coin’s image and top-30 ranking. Technical indicators like the Relative Strength Index (RSI) at 34.67 (nearing oversold) and price hugging the lower Bollinger Band also suggest limited downside. Support levels at $0.40 to $0.45 are expected to hold, with a potential rebound to $0.60 if bullish momentum returns.However, risks remain. A break below $0.493 could trigger a 28% drop to $0.351, and persistent negative sentiment, coupled with token unlocks, could push Pi toward its all-time low of $0.40. X posts reflect mixed views: some predict a “panic dump” below $0.40, while others see a 100X surge if major exchanges like Binance list Pi.Bullish Catalysts to WatchDespite the bearish outlook, several developments could spark a recovery:Pi2Day and Ecosystem Growth: The upcoming Pi2Day event and over 7,900 AI-powered apps built on Pi’s no-code studio signal increasing developer engagement.Fiat Integration: Partnerships with platforms like Onramper and On-ramp.money make Pi more accessible, potentially boosting demand.Mainnet Launch: The transition to an open mainnet, expected by late 2024 or 2025, could unlock liquidity and enable listings on major exchanges, driving prices toward $2 to $3 by 2026, per Coinpedia.Community Strength: With over 50M to 70M users, Pi’s community remains a key asset, though sustained engagement depends on addressing staking and utility concerns.Price PredictionsShort-Term (July 2025): Analysts predict a potential drop to $0.351 to $0.40 if bearish trends continue, or a rebound to $0.60 to $0.80 if support holds and Pi2Day delivers positive news.Medium-Term (2026-2027): Prices could reach $2.25 to $3.50 with major exchange listings and increased adoption, though weak growth may limit it to $0.70 to $1.25.Long-Term (2030): Optimistic forecasts suggest $20 to $50, but only with real-world utility and exchange listings. Speculative claims of $100+ are considered unlikely.Investor ConsiderationsHigh Volatility: Pi’s 3.51% to 8.24% daily fluctuations signal significant risk. Investors should be cautious of rapid price swings.IOU Risks: Current Pi prices reflect IOU tokens, which may not transfer across exchanges until the open mainnet launches.KYC and Mainnet Delays: Ongoing KYC issues and a closed mainnet limit utility, impacting price stability.Do Your Own Research (DYOR): Cryptocurrencies are speculative, and Pi’s centralized control and staking controversy add uncertainty. Verify information and assess risks before investing.Where to Buy PiPi is available on exchanges like OKX, Bitget, Kucoin, and Gate.io. Ensure KYC compliance and use secure wallets like Ledger for storage.
Warning ⚠️ ⚠️: High-Risk InvestmentPi Network (PI) at ~$0.48 USD (July 4, 2025) is highly volatile, with daily swings of 3.51%-8.24% and a weekly drop of 12.50%-22.28%. No-reward staking, IOU trading, centralized control (90% token supply), and regulatory risks could lead to significant losses. DYOR, consult advisors, and only invest what you can afford to lose.

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