Pi Coin Launches Mainnet, Listed on OKX and Bitget, Price Surges to $1.4 and Drops to $1.18 After a 30% Crash

Pi Coin, the digital currency of Pi Network, has officially launched its Mainnet and been listed on several major exchanges, including OKX and Bitget, among others.

Pi Coin, the cryptocurrency of the Pi Network, has finally launched its Mainnet and been listed on several major exchanges, including OKX and Bitget. Following the launch, Pi Coin's price quickly surged, reaching $1.4, and some platforms even reported an all-time high of over $2. However, the price has since seen a decline, currently trading at around $1.18 following a 30% crash.

The launch of the Pi Network Mainnet is a monumental event, marking the culmination of six years of development for the project. Users who have completed their KYC process will now be able to migrate their Pi coins to the Mainnet, enabling them to use the coins for transactions, business payments, and various other applications within the Pi ecosystem.

Throughout its development, the Pi Network has faced numerous claims of being a scam. However, analyst Kim Wong has countered these claims, stating that "Pi Network has been distributing wealth to all the people in the world who want it, for free, and this has already benefited millions of people."

Despite initial high expectations for Pi Coin's value—with some predicting it to reach $100 to $500—the reality has fallen short of many predictions. Nevertheless, the coin's value, while lower than anticipated, still represents a significant achievement for holders, especially those who managed to accumulate coins during the network's test phase, as they can now exchange them for real value.

One user on X commented, "I will not sell my $PI coins, which I have worked for 6 years, for a ridiculous price like $2 dollars. $XRP is over $2.5 with a 60B supply. These prices are ridiculous with a 100M supply. I will not sell without 1 $PI = $50."

Another user shared that the Pi Network has made crypto history. After launching its open mainnet, Pi's market cap has almost entered the top 10 and is expected to break into the top 3 soon. They believe that once Pi staking starts, the price will soar.