Pi Network Mainnet Launch Ignites Market Excitement as PI Coin Surges Amid Major Exchange Listings
Key Highlights:
- The long-anticipated launch of the Pi Network Mainnet has created a buzz in the cryptocurrency market.
- Several top-tier crypto exchanges have listed Pi Coin, driving optimism among investors.
- Following the launch, PI Coin’s price soared beyond $2.
Pi Network Mainnet Launch Shakes Up the Market
The recent launch of the Pi Network Mainnet has sparked significant excitement, with many market participants closely monitoring its price movements. Initially, Pi Coin began trading at $1.28, having previously surged past the $100 mark ahead of the launch. Additionally, major exchange listings have captured the attention of investors as the network reaches this much-awaited milestone.
Why Is the Pi Network Mainnet Launch Important?
The mainnet launch represents a major breakthrough for Pi Network, a platform that has amassed over 10 million users. After facing a two-year delay, users can now transfer their mined Pi coins from the testnet to the mainnet, officially transitioning the cryptocurrency into a tradable asset.
The enthusiasm surrounding Pi Coin is evident, as major exchange listings fuel market speculation. The global appeal of the cryptocurrency is growing, with users across various regions eagerly anticipating its wider adoption. As the Pi Network community celebrates this achievement, all eyes are on its future prospects.
Pi Network Mainnet Launch Key Details
The Pi Network Mainnet officially launched today at 8 AM UTC. Reports indicate that over 10 million users have completed the KYC process and are prepared to migrate their Pi holdings to the mainnet.
Currently, trading for Pi Coin has begun, but estimates suggest that only 1 billion out of the total 9.7 billion tokens will be accessible at this stage. The remaining tokens will remain locked in users’ wallets for months or even years.
This limited supply, coupled with strong demand from top exchanges, has the potential to drive prices higher. Investors are closely tracking the coin’s performance, anticipating further price surges due to restricted token availability.
Recent Developments and Future Outlook
Pi Network recently announced the launch of its Open Network, a significant milestone that enables external connectivity and facilitates an ecosystem of innovative applications and peer-to-peer networks.
Through Open Network, Pi Network’s community members—referred to as Pioneers—can now leverage a utilities-backed ecosystem that interacts with compliant networks and systems beyond Pi. This expansion enhances Pi’s overall usability.
Key features of Open Network include:
- Integration with Centralized Exchanges (CEXs) and onramps, allowing users to acquire Pi for transactions within the ecosystem.
- KYB (Know Your Business) Verification, ensuring businesses can create Mainnet Pi Wallets for secure transactions.
- Enhanced Security and Compliance, as all users and businesses must complete KYC and KYB verification.
To celebrate the Open Network launch, Pi Network will introduce an Open Network Challenge next week. This initiative will allow users to explore the ecosystem through interactive tasks and incentives.
This step marks a crucial milestone in Pi Network’s vision of fostering a widely adopted, utility-driven cryptocurrency. As the Open Network expands, its influence on the blockchain industry could be substantial.
Major Exchange Listings Fuel Optimism
Pi Network has gained backing from several prominent cryptocurrency exchanges. For instance, MEXC Exchange introduced pre-listing trading for Pi Coin, attracting considerable market interest. Following the mainnet launch, additional leading exchanges have also announced listings.
- OKX launched spot trading for the PI/USDT pair immediately after the mainnet launch.
- Bitget listed PI/USDT Futures, boosting overall market sentiment.
Pi Coin Price Performance
During the mainnet launch, Pi Coin was valued at approximately $1.3, but it quickly surged past $2, signaling strong investor demand. At the time of writing, the cryptocurrency was trading around $1.87, reflecting a 46% increase, with trading volumes reaching $118.86 million. 
However, investors should exercise caution, as Pi Coin remains highly volatile despite its promising debut. A recent report has also outlined three key risks that could potentially impact its price in the near future.
