Key Takeaways:
- Pi Coin launched on the mainnet on February 20, 2025, initially surging 36% to $1.99 due to high investor anticipation.
- The euphoria was short-lived as PI crashed 55% within hours, plummeting from $1.989 to $0.9123 on OKX amid massive sell-offs.
- Major exchanges like Binance, Coinbase, and Kraken are yet to list Pi Coin, with Binance currently conducting a poll that closes on February 27, 2025.
- Recent controversies include fraud allegations by Bybit’s CEO and warnings from Chinese authoritiesregarding Pi Network.
- Social media reactions show mixed sentiment, with some traders hopeful while others warn of further declines.
Pi Network Mainnet Launch Triggers Extreme Volatility
Pi Network’s long-awaited mainnet debut on February 20, 2025, sent shockwaves through the crypto market. Riding on years of anticipation, Pi Coin (PI) skyrocketed by 36% within the first hour of trading, reaching $1.99 on major exchanges.
However, the momentum didn’t last. Within hours, Pi Coin collapsed by 55%, nosediving from $1.989 to $0.9123 on OKX. Panic set in as billions of dollars in trading volume flooded the market, triggering a massive liquidation spree.’t last. Within hours, Pi Coin collapsed by 55%, nosediving from $1.989 to $0.9123 on OKX. Panic set in as billions of dollars in trading volume flooded the market, triggering a massive liquidation spree.
What Caused Pi Coin’s Price Crash?
Pi Coin’s brutal 55% plunge can be attributed to several key factors:
- Heavy Sell-Offs: Early investors rushed to liquidate their holdings, causing a rapid decline in price.
- Lack of Liquidity: Despite early excitement, trading volume dried up quickly, amplifying volatility.
- Exchange Speculation: Many traders had expected higher prices based on pre-market IOU trading, but reality painted a different picture.
On Bitget, Pi Coin briefly spiked to $3.40 before plummeting again, while on Bybit, the token fell below $1 shortly after trading began. Meanwhile, on OKX, Pi Coin managed to stabilize around $1.50, but uncertainty remains.
Is Pi Coin Headed to Zero?
The extreme price swings have sparked fears of a total collapse, with some analysts warning that Pi Coin could suffer a near 99% wipeout if the sell-off continues.
“Pi Network’s unique model attracted millions of users, but the market reaction signals a mix of excitement and skepticism,” noted one analyst.
Additionally, Bybit’s CEO has openly called Pi Network a scam, citing official Chinese government warnings against the project since 2023. Bybit has refused to list Pi Coin, further fueling skepticism among investors.
However, not all hope is lost. Some investors believe that upcoming major exchange listings could trigger a price recovery in the coming weeks.
Will Binance, Coinbase, and Kraken List Pi Coin?
Currently, Pi Coin is listed on exchanges like OKX, Bybit, BitMart, Gate.io, MEXC, and Bitget. However, Binance—the world’s largest crypto exchange—has yet to commit to listing PI. Instead, it has launched a community poll to gauge interest, which closes on February 27, 2025.
So far, 86% of respondents have voted in favor of Pi’s listing on Binance, signaling strong demand among retail traders.
Meanwhile, Coinbase, Kraken, and Upbit remain silent on whether they will support Pi Coin. If these platforms decide to list it, the price could see a major rebound in the near future.
Trending Social Media Reactions
- @CryptoInsider: “Pi Coin’s crash was inevitable—early traders dumped hard. Will it recover? Only if Binance lists it. #PiNetwork #Crypto”
- @DeFiExpert: “I bought the dip on Pi at $0.95. If Binance lists it, we’re mooning! 🚀 #PiCoin”
- @BlockchainTalks: “Huge volume on OKX for Pi. Watching closely if whales re-enter. #CryptoMarket”
- @AltcoinTrader: “This Pi Network drama is crazy. From $3.40 to below $1 in a flash! #PiNetwork”
- @DEXWireTeam: “$PI Crashes 99% After Listing! Pi Network’s long-awaited mainnet launch shocked traders. Will $PI bounce back? #PiNetwork #CryptoCrash”
FAQs on Pi Network & Price Movements
1. Why did Pi Coin crash after the mainnet launch?
The crash was driven by heavy sell-offs, low liquidity, and speculative expectations that weren’t met post-launch.
2. Will Pi Coin recover from this crash?
A recovery is possible if major exchanges like Binance, Coinbase, and Kraken decide to list it, leading to higher liquidity and demand.
3. What controversies surround Pi Network?
Recent fraud allegations by Bybit’s CEO and official warnings from Chinese authorities have raised concerns about Pi Network’s legitimacy.
4. How are major exchanges responding to Pi Coin?
While some exchanges have listed Pi Coin, others, like Bybit, have refused due to fraud concerns.
5. When will Binance decide on listing Pi Coin?
Binance’s poll for community interest will close on February 27, 2025. The listing decision might follow soon after.On Bitget, Pi Coin briefly spiked to $3.40 before plummeting again, while on Bybit, the token fell below $1 shortly after trading began. Meanwhile, on OKX, Pi Coin managed to stabilize around $1.50, but uncertainty remains.
Is Pi Coin Headed to Zero?
The extreme price swings have sparked fears of a total collapse, with some analysts warning that Pi Coin could suffer a near 99% wipeout if the sell-off continues.
“Pi Network’s unique model attracted millions of users, but the market reaction signals a mix of excitement and skepticism,” noted one analyst.
Additionally, Bybit’s CEO has openly called Pi Network a scam, citing official Chinese government warnings against the project since 2023. Bybit has refused to list Pi Coin, further fueling skepticism among investors.
However, not all hope is lost. Some investors believe that upcoming major exchange listings could trigger a price recovery in the coming weeks.
Will Binance, Coinbase, and Kraken List Pi Coin?
Currently, Pi Coin is listed on exchanges like OKX, Bybit, BitMart, Gate.io, MEXC, and Bitget. However, Binance—the world’s largest crypto exchange—has yet to commit to listing PI. Instead, it has launched a community poll to gauge interest, which closes on February 27, 2025.
So far, 86% of respondents have voted in favor of Pi’s listing on Binance, signaling strong demand among retail traders.
Meanwhile, Coinbase, Kraken, and Upbit remain silent on whether they will support Pi Coin. If these platforms decide to list it, the price could see a major rebound in the near future.
Trending Social Media Reactions
@DEXWireTeam: “$PI Crashes 99% After Listing! Pi Network’s long-awaited mainnet launch shocked traders. Will $PI bounce back? #PiNetwork #CryptoCrash”
What Caused Pi Coin’s Price Crash?
@CryptoInsider: “Pi Coin’s crash was inevitable—early traders dumped hard. Will it recover? Only if Binance lists it. #PiNetwork #Crypto”
@DeFiExpert: “I bought the dip on Pi at $0.95. If Binance lists it, we’re mooning! 🚀 #PiCoin”
@BlockchainTalks: “Huge volume on OKX for Pi. Watching closely if whales re-enter. #CryptoMarket”
@AltcoinTrader: “This Pi Network drama is crazy. From $3.40 to below $1 in a flash! #PiNetwork”
Pi Coin’s brutal 55% plunge can be attributed to several key factors:
- Heavy Sell-Offs: Early investors rushed to liquidate their holdings, causing a rapid decline in price.
- Lack of Liquidity: Despite early excitement, trading volume dried up quickly, amplifying volatility.
- Exchange Speculation: Many traders had expected higher prices based on pre-market IOU trading, but reality painted a different picture.
On Bitget, Pi Coin briefly spiked to $3.40 before plummeting again, while on Bybit, the token fell below $1 shortly after trading began. Meanwhile, on OKX, Pi Coin managed to stabilize around $1.50, but uncertainty remains.
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Final Thoughts: What’s Next for Pi Coin?
Pi Coin’s mainnet launch has been a rollercoaster ride, leaving investors in uncertainty. While the initial crash has spooked many, some traders remain optimistic about a potential comeback if Binance and other major exchangesjump on board.
For now, Pi Coin remains a high-risk, high-reward asset, and only time will tell whether it will recover—or crash further.
Stay tuned to MoneyOye.com for the latest updates on Pi Network and other trending cryptocurrencies! 🚀
