Pi Coin (PI) Price Crashes Over 32% After Open Mainnet Launch, Trading at $1.15 on Binance

Pi Network's Open Mainnet was launched officially on February 20. This enabled users to transfer their PiCoin outside the network for the first time.

The price of Pi Coin (PI) has fallen more than 32% in a month following the launch of Pi Network’s Open Mainnet.

Pi Network’s Open Mainnet was launched officially on February 20. This enabled users to transfer their PiCoin outside the network for the first time.

Following the launch, this PiCoin is now available on prominent cryptocurrency exchanges like OKX, Bitget, and CoinDCX.

Prior to the launch of Pi Network’s mainnet, the token could not be traded on any cryptocurrency exchange. This was due to the fact that Pi Network was still under development and users could only transfer their tokens within the network.

However, the mainnet launch allowed Pi Network to integrate with cryptocurrency exchanges.

What Happened To Pi Coin Price Today?

Pi Coin’s price has dropped substantially since the mainnet launch.

Pi Coin’s price has dropped by about 55% since the mainnet launch.

Earlier this year, the price of Pi Coin reached highs of around $2.

However, since then, its price has dropped substantially, and its price soon fell by about 55% to around $1.

The mainnet launch also saw the price of Pi Coin crash further.

Prior to the launch, some investors were trading PiCoin at very high prices, up to $200, which created unrealistic expectations about it.

What Happened To Other Cryptocurrencies Today?

From Pi Coin to Bitcoin, prices of the major cryptocurrencies in the world are continuously declining.

This decline comes despite the Donald Trump established the US Crypto Reserve. According to media reports, the market reaction to the US Crypto Reserve news was somewhat disappointing, as investors had anticipated the US would inject new funds into the cryptocurrency market, rather than just setting aside existing assets.

There are several factors which led to the drop of the major cryptocurrencies. These factors include: market volatility following policy announcements by US President Donald Trump, and implementation of new tariffs by the US President.

Despite the administration setting aside six cryptocurrency varieties and $500 million for the reserve, there are no immediate plans to use the funds.

Moreover, the US president has the authority to decide which cryptocurrencies will be included in the reserve.

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