Pi Coin Crashes 22% After Volatile Week Marked by Mainnet Launch

Pi Coin, the cryptocurrency developed by Stanford-backed Pi Network, saw a 22% price crash in the last 24 hours

Pi Coin, the cryptocurrency developed by Stanford-backed Pi Network, has crashed by 22% in the last 24 hours to reach $1.24 as of March 3, 2025. This decline follows a volatile week marked by speculation around its mainnet launch, regulatory concerns, and overall market sentiment shifts.

As experts remain divided on its future, some predict an upcoming rebound fueled by KYC verification unlocks and real-world adoption, while others advise caution due to the coin’s low liquidity and potential for a "pump-and-dump" scenario.

Pi Coin price crashed 22% in the last 24 hours to reach $1.24 by 03 March, 2025. This steeper decline follows a volatile week marked by speculation around its mainnet launch, regulatory concerns, and overall market sentiment shifts.

While major cryptocurrencies like Bitcoin and Ethereum also saw losses, Pi Coin’s plunge was more significant, especially after a brief surge to $92 on February 20, 2025, following its mainnet launch announcement.

This volatility can be attributed to the low liquidity and speculative trading activity surrounding Pi Coin as it transitioned from a testnet to a fully functional blockchain.

After listing on OKX exchange at $2.20, the coin rapidly crashed to $1, further highlighting the extreme price swings and potential for market manipulation.

Despite the downturn, some analysts remain bullish long-term, with Fortune India projecting Pi Coin to hit $500 by 2030 if it achieves mainstream adoption.

Highlighting the coin’s unique smartphone-mining model and growing user base of 35 million, the analysis adds that it could outlast other cryptocurrencies like Bitcoin.

In the short term, Coin pedia notes that prices might stabilize around $1.50–$2.00 if the network resolves KYC bottlenecks and expands use cases.

However, critics have warned of a “pump-and-dump” scenario, pointing towards Pi Network’s lack of real-world utility and reliance on hype to sustain its value.

This contrasts with earlier expert predictions of a $33.74 all-time high in 2024, with current support levels at $1.00 acting as a critical psychological barrier for investors.

As Pi Coin continues to be listed on major exchanges and undergoes crucial development stages, investors and traders will be closely monitoring any upcoming catalysts that could influence the coin’s price trends in the coming months.

Pi Coin price crashed 22% in the last 24 hours to reach $1.24 by 03 March, 2025. This steeper decline follows a week of volatility marked by speculation around its mainnet launch, regulatory concerns, and overall market sentiment shifts.

While major cryptocurrencies like Bitcoin and Ethereum also saw losses, Pi Coin’s plunge was more significant, especially after a brief surge to $92 on February 20, 2025, following its mainnet launch announcement.

This volatility can be attributed to the low liquidity and speculative trading activity surrounding Pi Coin as it transitioned from a testnet to a fully functional blockchain.

After listing on OKX exchange at $2.20, the coin rapidly crashed to $1, further highlighting the extreme price swings and potential for market manipulation.

Despite the downturn, some analysts remain bullish long-term, with Fortune India projecting Pi Coin to hit $500 by 2030 if it achieves mainstream adoption.

Highlighting the coin’s unique smartphone-mining model and growing user base of 35 million, the analysis adds that it could outlast other cryptocurrencies like Bitcoin.

In the short term, Coin pedia notes that prices might stabilize around $1.50–$2.00 if the network resolves KYC bottlenecks and expands use cases.

However, critics have warned of a “pump-and-dump” scenario, pointing towards Pi Network’s lack of real-world utility and reliance on hype to sustain its value. This contrasts with earlier expert predictions of a $33.74 all-time high in 2024, with current support levels at $1.00 acting as a critical psychological barrier for investors.

As Pi Coin continues to be listed on major exchanges and undergoes crucial development stages, investors and traders will be closely monitoring any upcoming catalysts that could influence the coin’s price trends in the coming months.