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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Feb 12, 2025 08:33 UTC
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Pi Coin Price Prediction Surges as Mainnet Launch Nears
Pi Network's mainnet launch is set for February 20, 2025, after six years of development.
The mobile-based Pi mining app has attracted many users, and the PI token price has recently surged despite the overall crypto market dip.
Concerns exist about a potential sell-off by early Pi holders after the mainnet launch.
After years of development, the Pi Network team, led by Nicolas Kokkalis, has finally confirmed a launch date for its long-awaited mainnet. According to an announcement on X, the Open Network will officially go live on February 20, 2025.
This marks a major milestone for Pi Network, which has spent six years fine-tuning its unique approach to crypto mining. Unlike traditional cryptocurrencies that rely on expensive hardware, Pi allows users to mine coins with just their mobile phones. This has drawn in millions of users, but the big question remains – what happens when PI finally goes live?
With speculation running high and the price already surging, the upcoming launch could bring major shifts to the market. Here’s what you need to know.
PI Price Surges as Market Declines
While the total cryptocurrency market cap dropped by over 4 percent in the past 24 hours to around 3.27 trillion dollars, PI defied the trend, gaining 66 percent in the same period to trade at approximately 83.28 dollars. However, PI coins are still in the IOU phase, meaning they cannot yet be transferred across exchanges.
Despite this, excitement surrounding the mainnet launch has driven strong buying interest.
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- Crypto Market Today (12th Feb, 2025): Bitcoin Holds $95K, FTX Leads Gainers with 5% Surge
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PI’s Market Valuation and Trading Activity
According to market data from Binance-backed Coinmarketcap, PI coins have a fully diluted valuation of about $5.5 billion with a total supply of around 68 million. In the last 24 hours, PI coins recorded a net trading volume of about $761k, up over 120 percent.
Will Early Holders Sell After the Mainnet Launch?
With the mainnet launch approaching, there is speculation that early holders may sell off their tokens once trading begins. Many Pi miners have been holding onto their tokens for over five years without the option to cash out. If a large number of them decide to sell at once, it could put pressure on the price.
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The excitement around Pi Network is building, but once trading begins, only time will tell whether it holds strong or faces an early sell-off.
FAQs
Currently, Pi Coin trades at $83.28 in IOU form, but its true value will be determined after the mainnet launch on February 20, 2025.
Yes, Pi Coin has value in IOU markets, trading at $83.28, but its real worth will be set after official exchange listings post-mainnet.
Currently, Pi Coin exists as IOUs on some platforms, but official trading will begin only after the mainnet launch on February 20, 2025.
Yes 
No 
