Pi Network’s Open Mainnet: Will It Soar or Crash? 3 Risks That Could Tank Its Price

Pi Network’s Open Mainnet is set to launch on February 28, 2025, allowing external transactions and potential exchange listings. However, its price may drop due to revenge selling by longtime holders, the historical decline of tap-to-earn tokens, and unfavorable market timing. The network’s success will depend on sustained adoption, ecosystem growth, and investor confidence.

CONTENTS:

• Pi Network’s Open Network Launch Set for February 20, 2025!
• Pi Network Mainnet Delayed Again Ahead of Expected Exchange Listings
• Three Reasons Why Pi Network’s Price Could Plummet After Mainnet Launch

Pi Network’s Open Network Launch Set for February 20, 2025!

Pioneers, we’re excited to announce that Pi Network will officially transition to the Open Network phase of Mainnet at 8:00 AM UTC on February 20, 2025!

Thanks to the dedication and hard work of the entire Pi community over the past six years, we are now ready to take a major step toward realizing Pi’s vision of an inclusive, peer-to-peer digital ecosystem powered by Pi, our native cryptocurrency.

Milestones and Progress

Pi Network has surpassed key benchmarks, with over 10.14 million Pioneers successfully migrating to Mainnet, exceeding the initial 10 million target. The network now boasts more than 19 million identity-verified Pioneers, ensuring a strong foundation for Pi’s real-world applications and utility.

What to Expect at Open Network Launch

The Open Network phase will introduce external connectivity, allowing the Pi blockchain to interact with other networks and systems. This will significantly expand the opportunities for Pioneers and businesses to engage in transactions beyond the Pi ecosystem.

Upon launch:

• The Mainnet firewall will be removed, enabling greater integration with external platforms.
• Pioneers will be able to conduct transactions both within and outside the Pi ecosystem.
• Node operators will gradually transition from Testnet to Mainnet based on reliability and past contributions.
• Business and network participation will require KYC (Know Your Customer) for individuals and KYB (Know Your Business) for enterprises to maintain a secure and compliant environment.

Pi Network’s Journey

Since the launch of the Enclosed Network phase in December 2021, Pi has focused on:

• Enabling Pioneers to complete KYC and migrate to Mainnet.
• Encouraging developers to build real-world apps for the Pi ecosystem.
• Enhancing Pi’s features, including a mining rewards system designed to balance growth, accessibility, and longevity.

The Grace Period, introduced on July 1, 2024, accelerated the push toward Open Network by encouraging timely KYC verification. This approach ensured that unverified Pi could not be transferred to Mainnet while freeing up mining opportunities for active Pioneers.

Initiatives like PiFest 2024, a global event with over 27,000 sellers and 950,000 Pioneers, demonstrated Pi’s viability in real-world commerce. Participants transacted Pi for goods and services, utilizing key ecosystem tools like the Pi Wallet, Pi Mainnet blockchain, and Map of Pi.

Open Network Conditions and Readiness

Pi Network has now met all requirements for Open Network as outlined in December 2023:

1. Technical, product, business, and legal preparations are complete.
2. User and app adoption targets exceeded:
   • 19 million Pioneers have completed or tentatively passed KYC.
   • 10.14 million have migrated to Mainnet.
   • 100+ Mainnet-ready apps are available.
3. No external delays or unfavorable conditions hinder the launch.

How Pioneers and Developers Can Contribute

To strengthen the network and ensure sustainable growth, Pioneers and developers should:

• Continue mining, as issuance rates follow a declining exponential model.
• Engage with Pi Apps, using Pi to drive real-world utility.
• Support local commerce, with businesses accepting Pi for goods and services.
• Complete KYC and Mainnet migration if not already done.
• Improve and develop Mainnet apps, ensuring functionality and user satisfaction.

As Pi Network enters this exciting new phase, collaboration between Pioneers, developers, and businesses will be key to fostering a robust, innovative, and decentralized ecosystem.

Pi Network Mainnet Delayed Again Ahead of Expected Exchange Listings

The highly anticipated launch of Pi Network’s Mainnet has encountered another delay, causing disappointment among millions of crypto enthusiasts.

Originally set to go live earlier, the launch date has now been postponed to February 28, 2025. This latest delay has sparked frustration within the community, as repeated extensions raise concerns about the potential impact on Pi Coin’s long-awaited listings on major cryptocurrency exchanges.

Progress Despite the Delay

Despite this setback, Pi Network continues to gain momentum. The platform recently reached a significant milestone by successfully verifying 10 million users through its Know Your Customer (KYC) process—a crucial step in building a secure and credible ecosystem. Meanwhile, Pi Network has cautioned 15 million users to follow only official sources to avoid misinformation.

Mainnet Launch Hinges on dApp Readiness

Pi Network’s developers have always emphasized that the Mainnet launch depends on three key conditions. While the successful KYC rollout and favorable external regulatory environment have been achieved, the third condition—ensuring that at least 100 decentralized applications (dApps) are ready—is still in progress.

Currently, 80 to 85 dApps are available, and the Pi Core Team is actively working to close the gap. The team has reassured the community that they are making continuous efforts to onboard more applications, ensuring a robust and functional ecosystem at launch.

To address concerns, the developers have confirmed that Open Mainnet is still scheduled for Q1 2025. They have also urged users to complete their KYC verification and migrate their Pi holdings to the Mainnet before the final deadline. Failure to do so may result in users losing access to their Pi coins.

Pi Coin’s Exchange Listings and Market Speculation

Speculation continues to grow regarding Pi Coin’s listing on major cryptocurrency exchanges. While no official confirmation has been provided, reports suggest that Binance and OKX are evaluating the possibility of listing the altcoin. Meanwhile, Pi Coin is already listed on Bitmart, HTX Global, and CoinW, though trading has yet to commence.

Investor Interest Surges Despite Delays

Despite the postponed launch, Pi Coin has seen a staggering 22,800% price increase over the past 10 months. With over 35 million active users, the network continues to attract investors eager to capitalize on its future growth.

Pi Network’s blockchain is designed to go beyond simple transactions, aiming to support Web3 applications while offering developers a platform to create decentralized apps (dApps) through its mobile-friendly mining system.

Market analysts suggest that Pi Coin could reach a high of $80 in 2025, provided market conditions remain favorable. However, potential risks such as bearish trends, liquidation pressures, or further delays could see its price drop to as low as $10 by year-end. Under normal conditions, projections estimate an average trading price of $45 for Pi Coin in 2025.

With the Open Network phase now set for February 28, the Pi community remains on high alert, eager to see whether this new timeline will finally mark the beginning of Pi’s entry into the broader crypto market.

Three Reasons Why Pi Network’s Price Could Plummet After Mainnet Launch

The Pi Network team is preparing for its long-awaited mainnet launch, expected to take place in March 2025. This milestone will allow early adopters to monetize their Pi holdings and provide developers with a platform to showcase their applications.

However, despite the excitement surrounding the launch, several factors could lead to a significant price drop for Pi Coin once it begins trading. Here are three key reasons why its price may crash post-launch:

1. “Revenge Selling” by Longtime Holders

One major risk to Pi Coin’s price stability is revenge selling—a situation where early users, frustrated by years of waiting, rush to offload their holdings.

Since its inception, Pi Network has faced multiple delays, with users missing out on major crypto bull runs, including those of 2021 and the past three years. The developers have also failed to meet key deadlines, such as the postponed KYC (Know Your Customer) verification process, originally planned for November 31, 2024, but later moved to February 28, 2025.

As a result, many long-term Pi miners may decide to sell their accumulated tokens immediately, fearing further setbacks and lost opportunities. This influx of sell orders could lead to a sharp price drop.

2. The “Tap-to-Earn” Token Pattern

Another factor that could lead to a Pi Coin crash is the historical trend of tap-to-earn tokens losing value after their airdrops.

Pi Network’s model allows users to mine tokens by simply tapping a button on the app, similar to other tap-to-earn platforms. However, past projects like Hamster Kombat (HMST) saw their value plunge by 90% from their peak in September 2024. Likewise, tokens such as DOGS and Notcoin suffered similar declines after their launches.

Even though Pi Network differs by having its own blockchain and ecosystem, including a browser and the Fireside Forum, it remains susceptible to the same risks. A significant number of users may choose to convert their Pi Coins into fiat currency as soon as trading begins, driving prices downward.

3. Market Seasonality and Timing

The timing of the Pi Network launch may also play a role in its potential price drop. Historically, the third quarter of the year is one of the weakest periods for cryptocurrencies.

According to CoinGlass data, the average Bitcoin return in Q2 is 26%, whereas in Q3, it drops to just 6%. If Pi Coin launches during a period of overall crypto market stagnation, it could struggle to maintain investor confidence and suffer a decline in value.

Final Thoughts

While the Pi Network mainnet launch marks a significant milestone, its success in the open market remains uncertain. Revenge selling, the tap-to-earn crash pattern, and poor market timing could all contribute to a post-launch price dip.

For Pi pioneers and investors, the coming months will be crucial in determining whether Pi Coin can maintain long-term value or follow the fate of previous airdrop-driven tokens.