图片：全球6000万人，包括印度的大量我们，正在等待Pi Network的开放式主网掉落

这个加密故事刚刚开始 - 我很想介绍它。

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6000万人，包括在印度的大量部分，热切地等待着2025年2月20日PI Network的Open Mainnet推出。在推出之前，“ IOU” Tokens在网上迅速交易，达到50美元的高价，并引发了Crypto Lottery的梦想，价格触及300美元。但是，仅一周后，印度的真正的PI硬币价格为2或180美元。那么，所有炒作发生了什么？

Why Is Pi Stuck at $2–$3?

为什么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:

每个人都想到的问题是：为什么PI不价300美元，甚至50美元？这是崩溃：

• 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.

•数十亿个预处理的PI淹没了市场。目前，有1000亿次供应上限，60亿次杀死了任何稀缺氛围。每个人都可以自由；我们要做的就是每天在应用程序中点击一次。

• 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这样的重量级人物尚未列出PI。他们将进行社区投票，但不会列出令牌。 Bybit从网络开始了牛肉；如果交易所没有被黑客入侵，戏剧将加剧。

• 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已准备好100多个应用程序，并且诸如Pifest 2024之类的活动，但您还不能完全购买Chai。它比帮助更炒作。

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

•价格下跌80％，每天交易数十亿美元，然后以2-3美元的价格定居。

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

•那些你的价格？完全幻想。 Real Pi Coin现在按供需规则演奏，而不是做白日梦。

Pi Coin 101 for Traders: The Latest

Pi Coin 101用于交易者：最新的

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

好吧，让我们从2025年3月1日开始将其分解：

What is the Pi coin price?

PI硬币价格是多少？

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

根据CoinMarketCap的数据，PI硬币的价格为OKX，MEXC，HTX和BITGET的2.08美元，PI Coin的交易交易所交易所交换。

What Is Pi Coin Price in India?

印度的PI硬币价格是多少？

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硬币价格为$ 1.8至2.2美元，考虑到INR Exchange的157卢比至192卢比，为87.5卢比。

Where can you trade Pi coin?

您在哪里可以交易pi硬币？

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，但是区域法规可以阻止用户交易。

Is It Legal to Use Pi Coin in India?

在印度使用PI硬币是合法的吗？

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，交易和持有加密货币是合法的，利润税30％，交易1％。但是，用户必须使用FIU注册的交换以完全遵守。没有澄清其状态的未注册平台，例如HTX和Gate.io。

From IOU Dreams to Mainnet Reality

从我梦想到主网现实

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只是占位符，而不是真正的硬币。人们像神奇宝贝卡一样对它们进行了交易，价格达到50至300美元，基于纯净的氛围，而不是价值。然后，繁荣 - 2月20日，上午8:00 UTC，开放的主网发射了。根据CoinMarketCap的数据，Pi Coin命中了OKX，BITGET，HTX和GATE.IO等交易所，以2.29美元的价格开出了10亿美元的交易量。一些快速数学（大约60亿个令牌迁移）建议市值12-14亿美元。疯了，对吗？

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

但是现在炒作在哪里？开拓者的热情在哪里？

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.

免费获得PI的早期矿工开始快速倾倒。 X帖子就像是：“ Pi Coin发布，这是一个卖掉的疯狂！”几天内，价格下降到$ 0.737，然后冷却约1.60-2美元。这是经典的加密过山车 - 梦想，更大的现实检查。

The GCV Fiasco

GCV惨败

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.

尽管许多人正在努力填补IOU硬币和真实硬币之间的空白，但提高价格为314159美元的GCV集团仍然坚定不移地坚定不移，但他们继续相信PI实际上将在不久的将来是如此之高。

What’s Next for Pi

PI的下一步是什么

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价格显示了一个市场在供应转储和有限覆盖范围后弄清楚自己。对于印度的我们来说，VPN和应用程序是我们在HTX和Gate.io上跳跃的方式，但这是一场赌博。如果PI降落在那里，诸如Binance或Indian交流之类的更安全的赌注可能会改变游戏。展望未来，有人说，如果收养开始，年终会划分5美元；以印度货币为单位，该价格约为500至1000卢比。不多