The long-anticipated listing of Pi Network on major cryptocurrency exchanges has finally arrived, marking a pivotal moment for one of the most community-driven blockchain projects in recent years. As of February 20, 2025, Pi Coin made its debut on leading platforms including OKX, MEXC, and Bitget — sparking intense market activity and global interest.
This article explores the price movements, exchange listings, expert insights, and market sentiment surrounding Pi Network’s official launch, offering a comprehensive overview for investors and enthusiasts alike.
Pi Network Price Volatility Before Official Launch
Just hours before the official mainnet launch, the Pi Network team announced that the network would go live at 3:00 PM Vietnam time (UTC+7) on February 20, 2025. However, in a strategic move, OKX opened pre-trading order books as early as 2:00 PM, allowing users to place limit orders and gauge market demand ahead of formal trading.
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According to Nguyen Ha Minh Thong, a cryptocurrency investment advisor, "Although full trading wasn’t live yet, this pre-order mechanism functioned like reserving a spot — users were essentially 'staking their claim' at desired prices, anticipating the official launch."
Immediately after the network activation, Pi Coin’s price fluctuated between $1.30 and $2.00 per Pi, driven by strong speculative demand. While OKX initially listed Pi at a reference price of $0.10, the market quickly adjusted upward due to overwhelming buy pressure.
Minh Thong explained: "Traders are aggressively placing bids around the $2.00 mark. This suggests the actual market-clearing price could settle above $2.00 if demand sustains."
At present, Pi is trading around $1.60**, with a reported trading volume of **$10.3 million within the first hour across exchanges.
Core Factors Influencing Pi’s Initial Market Value
Several key factors are shaping Pi Network’s early price dynamics:
- Limited circulating supply vs. massive user base: With an estimated 6.3 billion Pi in circulation, and over 30 million engaged users globally, scarcity perception is high despite the large nominal supply.
- Pre-launch mining activity: Millions participated in mobile mining over several years, creating a vast holder base eager to see real-world value.
- Speculative momentum: The absence of prior exchange trading fueled pent-up demand, leading to rapid price discovery once markets opened.
Minh Thong projected that if half of Vietnam’s population joined mining efforts, each participant might hold approximately 126 Pi, which could support a sustainable price near $1.00** under balanced conditions. However, with global participation and increasing institutional curiosity, optimistic valuations could reach **$7.00 per Pi in bullish scenarios.
He also noted that the total future supply of Pi Network might expand to 100 billion coins, depending on emission schedules and ecosystem growth — a factor investors should monitor closely.
Exchanges That Listed Pi Network on Launch Day
As of 3:30 PM on February 20, 2025, Pi Coin became officially tradable on the following platforms:
- OKX
- MEXC
- Bitget
Notably absent from the list was Binance, one of the world’s largest crypto exchanges, which has not yet announced plans to list Pi. This omission surprised many investors who expected broader support at launch.
Despite Binance’s absence, other exchanges launched promotional campaigns to attract Pi traders:
- Bitget introduced an airdrop pool worth $60,000 for Pi users, running until March 3.
- BitMart launched a reward program offering 3,000 USDT distributed among the top 300 active traders.
These incentives highlight the competitive landscape among mid-tier exchanges seeking to capture early liquidity and user engagement.
Market Sentiment and Technical Outlook
Investor Uyen Thy analyzed early trading patterns: "Hard buying support appears around $1.00–$1.20. That’s where significant buying interest emerges. Resistance is forming near $1.60 — if selling pressure eases and buyers push through, we could see a breakout toward $2.00."
She added: "A break above $2.00 could trigger a new FOMO (fear of missing out) cycle, especially if media coverage intensifies and more exchanges announce listings."
For long-term holders — affectionately known as "Pi farmers" or "Pi thủ" in Vietnamese communities — the listing represents more than financial gain.
Hoai Duong, a dedicated user from Hanoi, shared his emotions: "We’ve waited years for this moment. It’s nerve-wracking, exciting — full of hope. For us, Pi isn’t just a coin; it’s a symbol of trust in what we’ve built together."
Frequently Asked Questions (FAQ)
Q: Is Pi Coin officially listed on OKX?
Yes, Pi Coin began trading on OKX on February 20, 2025. Users can now trade Pi against major pairs like USDT after the mainnet officially launched.
Q: What was the initial listing price of Pi on OKX?
OKX set an initial reference price of $0.10 per Pi, but due to high demand, the market price surged rapidly past $2.00 before stabilizing near $1.60.
Q: Why isn’t Binance listing Pi Coin yet?
Binance has not issued an official statement regarding Pi Network. Exchange listings depend on multiple factors including compliance, liquidity, and project maturity.
Q: Can I withdraw Pi from OKX after buying?
Withdrawal availability depends on wallet integration status. OKX may enable deposits and withdrawals gradually as network stability is confirmed post-launch.
Q: What are the risks of investing in Pi Coin now?
As with any newly listed asset, volatility is extremely high. Prices may swing dramatically based on sentiment, exchange policies, and regulatory developments. Always conduct independent research.
Q: How many Pi coins are in circulation?
Current estimates suggest about 6.3 billion Pi are in circulation, though the total supply could eventually reach up to 100 billion based on network parameters.
Why Early Exchange Access Matters
The ability to place pre-market orders on OKX gave savvy traders an edge in positioning themselves before official trading began. This feature allows for more accurate price discovery and reduces slippage during volatile openings.
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Platforms like OKX continue to lead innovation by integrating advanced trading mechanisms for emerging digital assets — making them a preferred destination for early movers in the crypto space.
Final Thoughts
The listing of Pi Network marks a milestone in decentralized community-based projects transitioning into open markets. With strong grassroots support, growing exchange adoption, and real-time price discovery now underway, Pi Coin has entered a new phase of transparency and accountability.
While short-term fluctuations are expected, the long-term trajectory will depend on ecosystem development, utility expansion, and sustained user engagement.
Whether you're a seasoned investor or a loyal "Pi farmer," staying informed through reliable platforms is crucial.
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As always, remember that cryptocurrency investments carry risk. Conduct thorough due diligence and never invest more than you can afford to lose.
Disclaimer: The information provided in this article is for educational and informational purposes only and should not be construed as financial advice.