Pi Network Coin has taken the crypto world by storm, experiencing sharp price fluctuations since its official listing on major exchanges. After debuting at $1.97, the token quickly plunged over 60% to $0.64 before staging a stunning 160% rebound within a day. This remarkable turnaround has drawn significant attention from traders and analysts alike, as speculation builds around Pi’s long-term potential.

Officially entering open trading on February 20, 2025, Pi Network ended years of anticipation, allowing users to finally move their mined tokens from testnet to mainnet. The initial trading frenzy saw Pi Coin rise to $1.84 before a massive sell-off drove it down to $0.737 by February 21. However, a rapid recovery soon followed, pushing the coin back up nearly 97% within 24 hours. The surge catapulted Pi to the top of CoinMarketCap’s trending list, further boosting interest in the cryptocurrency.

Pi Network, founded in 2019 by Stanford Ph.Ds Nicolas Kokkalis and Chengdiao Fan, is a Web3 project designed for mobile mining. Unlike Bitcoin, which requires expensive hardware, Pi allows users to mine tokens by simply tapping a button on the app daily. The project has gained massive traction, surpassing 110 million downloads and drawing in over 540,000 new users in a single day on February 17, 2025.

For long-time Pi miners, the listing marked a historic moment, finally enabling them to trade their holdings on exchanges such as Binance, CoinDCX, OKX, and Bitget. The excitement was further fueled by a Binance community vote, where 85% of users supported listing the token. Pi Network announced the transition to open trading with a post on X, emphasizing how it would expand Pi’s utility by allowing transactions beyond its ecosystem.

Mining Pi remains simple and accessible. Users can start by downloading the Pi Network app, tapping the lightning bolt to mine, and adding trusted contacts to boost their mining rates. As Pi Coin is now listed on major exchanges, buyers can acquire it by signing up on platforms like CoinDCX, OKX, or Bitget, completing KYC verification, and funding their wallets for purchases.

Looking ahead, market analysts remain divided on Pi’s long-term prospects. Some predict the coin could reach $500 by 2030 if it successfully integrates into real-world applications, while others warn of potential volatility and speculative hype. Meanwhile, the broader crypto market remains bullish, with Bitcoin recently hitting $98,000 and Ethereum struggling near $2,800.

As Pi Network continues to evolve, its ability to sustain momentum and integrate into the wider financial ecosystem will be key in determining its future success. With strong exchange backing, rising user adoption, and promotional campaigns like Bitget’s $60,000 Pi airdrop, the coming weeks will be crucial in shaping Pi’s role in the crypto landscape.