圖片：全球6000萬人，包括印度的大量我們，正在等待Pi Network的開放式主網掉落

這個加密故事剛剛開始 - 我很想介紹它。

60 million people worldwide, including a massive portion in India, eagerly awaited the launch of Pi Network’s Open Mainnet on February 20, 2025. Ahead of the launch, "IOU" tokens were briskly trading online, reaching highs of $50 and sparking dreams of a crypto lottery with prices touching $300. However, a mere week later, the real Pi Coin price stands at $2 or ₹180 in India. So, what happened to all the hype?

全球6000萬人，包括在印度的大量部分，熱切地等待著2025年2月20日PI Network的Open Mainnet推出。在推出之前，“ IOU” Tokens在網上迅速交易，達到50美元的高價，並引發了Crypto Lottery的夢想，價格觸及300美元。但是，僅一周後，印度的真正的PI硬幣價格為2或180美元。那麼，所有炒作發生了什麼？

Why Is Pi Stuck at $2–$3?

為什麼Pi卡在$ 2- $ 3？

The question on everyone’s mind is: why isn’t Pi at $300—or even $50? Here’s the breakdown:

每個人都想到的問題是：為什麼PI不價300美元，甚至50美元？這是崩潰：

• Billions of pre-mined Pi flooded the market. With a 100 billion total supply cap, the 6 billion out now kill any scarcity vibes. Everyone got them free; all we had to do was tap once a day in the app.

•數十億個預處理的PI淹沒了市場。目前，有1000億次供應上限，60億次殺死了任何稀缺氛圍。每個人都可以自由；我們要做的就是每天在應用程序中點擊一次。

• Heavyweights like Binance haven’t listed Pi yet. They will make community votes but not list the tokens. Bybit started a beef with the network; had the exchange not been hacked, the drama would have intensified.

•像Binance這樣的重量級人物尚未列出PI。他們將進行社區投票，但不會列出令牌。 Bybit從網絡開始了牛肉；如果交易所沒有被黑客入侵，戲劇將加劇。

• Pi’s got 100+ apps ready and events like PiFest 2024, but you can’t exactly buy chai with it yet. It’s still more hype than help.

•Pi已準備好100多個應用程序，並且諸如Pifest 2024之類的活動，但您還不能完全購買Chai。它比幫助更炒作。

• Prices swung 80%, and billions traded daily before settling at $2–$3.

•價格下跌80％，每天交易數十億美元，然後以2-3美元的價格定居。

• Those IOU prices? Total fantasy. Real Pi Coin’s playing by supply-and-demand rules now, not daydreams.

•那些你的價格？完全幻想。 Real Pi Coin現在按供需規則演奏，而不是做白日夢。

Pi Coin 101 for Traders: The Latest

Pi Coin 101用於交易者：最新的

Alright, let’s break it down as of March 1, 2025:

好吧，讓我們從2025年3月1日開始將其分解：

What is the Pi coin price?

PI硬幣價格是多少？

As per data from CoinMarketCap, the Pi coin price is $2.08 on OKX, MEXC, HTX, and Bitget, the trading exchanges for Pi coin.

根據CoinMarketCap的數據，PI硬幣的價格為OKX，MEXC，HTX和BITGET的2.08美元，PI Coin的交易交易所交易所交換。

What Is Pi Coin Price in India?

印度的PI硬幣價格是多少？

At $1.8 to $2.2, the Pi coin price is ₹157 to ₹192 in India, considering the dollar to INR exchange at ₹87.5.

印度的PI硬幣價格為$ 1.8至2.2美元，考慮到INR Exchange的157盧比至192盧比，為87.5盧比。

Where can you trade Pi coin?

您在哪裡可以交易pi硬幣？

OKX, Bitget, HTX, and Gate.io have it, but regional regulation can stop users from trading.

OKX，BITGET，HTX和GATE.IO具有它，但是區域法規可以阻止用戶交易。

Is It Legal to Use Pi Coin in India?

在印度使用PI硬幣是合法的嗎？

Yes, trading and holding crypto is legal, with a 30% tax on profits and 1% TDS on transactions. However, users must use FIU-registered exchanges to comply fully. Unregistered platforms like HTX and Gate.io aren’t lawful options without clarification of their status.

是的，交易和持有加密貨幣是合法的，利潤稅30％，交易1％。但是，用戶必須使用FIU註冊的交換以完全遵守。沒有澄清其狀態的未註冊平台，例如HTX和Gate.io。

From IOU Dreams to Mainnet Reality

從我夢想到主網現實

Before the big day, Pi IOUs were just placeholders, not real coins. People traded them like Pokémon cards, with prices hitting $50–$300 based on pure vibes, not value. Then, boom—February 20, 8:00 AM UTC, the Open Mainnet launched. According to coinmarketcap, Pi Coin hit exchanges like OKX, Bitget, HTX, and Gate.io, kicking off at $2.29 with a wild $1 billion in trading volume. Some quick math (about 6 billion tokens migrated) suggested a $12–$14 billion market cap. Insane, right?

在重要的一天之前，Pi ious只是佔位符，而不是真正的硬幣。人們像神奇寶貝卡一樣對它們進行了交易，價格達到50至300美元，基於純淨的氛圍，而不是價值。然後，繁榮 - 2月20日，上午8:00 UTC，開放的主網發射了。根據CoinMarketCap的數據，Pi Coin命中了OKX，BITGET，HTX和GATE.IO等交易所，以2.29美元的價格開出了10億美元的交易量。一些快速數學（大約60億個令牌遷移）建議市值12-14億美元。瘋了，對嗎？

But where is the hype now? Where is the enthusiasm of pioneers?

但是現在炒作在哪裡？開拓者的熱情在哪裡？

Early miners who got Pi for free started dumping it fast. X posts were like, “Pi coin released, and it’s a sell-off frenzy!” The price tanked to $0.737 in days before chilling around $1.60–$2. It’s the classic crypto rollercoaster—big dreams, bigger reality checks.

免費獲得PI的早期礦工開始快速傾倒。 X帖子就像是：“ Pi Coin發布，這是一個賣掉的瘋狂！”幾天內，價格下降到$ 0.737，然後冷卻約1.60-2美元。這是經典的加密過山車 - 夢想，更大的現實檢查。

The GCV Fiasco

GCV慘敗

While many are struggling to fill the gap between IOU coins and Real ones, The GCV group that boosted the price of $314159 are still unwavering from their strong faiths, they continue to believe pi will be actually this high in near future.

儘管許多人正在努力填補IOU硬幣和真實硬幣之間的空白，但提高價格為314159美元的GCV集團仍然堅定不移地堅定不移，但他們繼續相信PI實際上將在不久的將來是如此之高。

What’s Next for Pi

PI的下一步是什麼

Pi’s $2–$3 price shows a market figuring itself out after a supply dump and limited reach. For us in India, VPNs and apps are how we’re jumping on HTX and Gate.io, but it’s a gamble. Safer bets like Binance or Indian exchanges could change the game if Pi lands there. Looking ahead, some say $5–$10 by year-end if adoption kicks in; in Indian currency, that price is roughly ₹500 to ₹1000. Not many can

PI的$ 2– $ 3價格顯示了一個市場在供應轉儲和有限覆蓋範圍後弄清楚自己。對於印度的我們來說，VPN和應用程序是我們在HTX和Gate.io上跳躍的方式，但這是一場賭博。如果PI降落在那裡，諸如Binance或Indian交流之類的更安全的賭注可能會改變遊戲。展望未來，有人說，如果收養開始，年終會劃分5美元；以印度貨幣為單位，該價格約為500至1000盧比。不多