A staggering 60 million people worldwide awaited Pi Network's Open Mainnet launch on 20 February 2025

Before its debut, speculative trades sent "IOU" tokens soaring to an imagined value range of £50 to £300, transforming many users into digital dreamers overnight.

A staggering 60 million people worldwide, including countless enthusiasts in India, eagerly awaited Pi Network’s Open Mainnet launch on 20 February 2025, with bated breath. Anticipation had reached a fever pitch, pushing ‘IOU’ tokens to an imagined value range of £50 to £300, transforming many users into digital dreamers overnight. However, the day of reckoning painted a different picture, as Pi Coin opened on exchanges at a humble £2, or approximately ₹180.

Where did the fervour vanish? And what does the future hold for this beleaguered coin?

The truth about Pi’s post-launch pricing lies in a brew of factors, all undermining the inflated expectations. A massive oversupply of 6 billion pre-mined Pi tokens hit the market like a tidal wave, eliminating any scarcity—a cornerstone of high valuation in digital currencies.

While this vast stockpile lay in wait, major exchanges like Binance left Pi unlisted, causing some friction within the crypto community. A highly publicised rift with Bybit added layers to the intrigue, nursing uncertainty in the absence of a diffusion path toward widespread listing.

This brings us to the third spoke in Pi’s paradox—utility. Despite launching over 100 decentralised applications and hosting events such as PiFest 2024, the everyday user remains unable to turn Pi Coins into tangible assets like a cup of chai or pay rent with it. This impasse has left many investors feeling the burn of unmet expectations.

The market responded with a chaotic price surge in the initial week, followed by a sobering decline, as dreams of a £300 coin had to confront the reality of supply and demand. Many early adopters, who acquired their Pi gratis through an app, hastily traded away their holdings, exacerbating the volatility.

As March 2025 unfolds, Pi Coin hovers between £2 to £3, a testament to a young market finding its footing amid a sea of speculative hopes. With potential for wider adoption across Indian exchanges and reputable platforms like Binance, Pi coin could reach new shores in valuation, stretching toward the £5 to £10 mark.

The crypto horizon remains clouded but promising, urging traders to consider whether to wait for clearer skies or ride out the storm now. As Pi Coin deftly oscillates between dreams and reality, this digital odyssey keeps the crypto world intrigued. Will you set out on this journey now, or await the next perfect tide for your crypto endeavors?