Pi Network recently launched its mainnet, sparking excitement across the community. Many believed this would be a game-changing moment, with some predicting PI’s price would skyrocket to $300. But reality had other plans. Instead of soaring, PI’s price has taken a steep dive, crashing 49.8% in just the last 24 hours.
So, what went wrong? Was the hype too big, or is this just the usual market turbulence? Let’s break it down.
It’s normal for tokens to go through price swings in the early days of a mainnet launch.
Before the launch, PI’s IOU price hit a high of $183.49, and some community members believed it would climb even higher to $300. However, those hopes have not played out in reality.
Despite the price drop, Pi Network has some strong fundamentals:
Since Donald Trump’s election win, the U.S. has taken a more pro-crypto stance. His administration has appointed crypto-friendly leaders to key regulatory bodies like the SEC and CFTC. There is also a special crypto task force under the SEC working on clearer regulations for digital assets.
Right now, only 10% of Pi Network’s total supply has been released. The current price of PI is $0.6629, and the total supply is 100 billion tokens. This puts its fully diluted valuation (FDV) at about $6.39 billion.
For PI to hit $10, its FDV would need to skyrocket to $1 trillion—something experts say is highly unlikely.
Recently, Binance launched a community vote to decide whether PI should be listed on the exchange. So far, about 85% of voters are in favor.
If Binance
The hype wave has passed, and reality has set in—where Pi Network goes from here is what matters now.
Unlikely. At $10, PI’s market cap would exceed $1 trillion, which analysts deem unrealistic given current supply and valuation.
Binance ran a community vote where 85% supported listing PI. If listed, analysts predict a possible price increase to around $2.6.
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