Pi Coin plunged over 55% within 24 hours of launch, impacted by early miners selling, absence from Binance, limited real-world utility, and market uncertainty. Analysts expect price recovery as selling pressure eases.

The Pi network launch is here as PI Coin plunged nearly 100% within minutes of the highly-anticipated event. Can it recover?

Pi Network launched its Open Mainnet on February 20, 2025, experiencing initial price volatility and exchange listings while enabling users to conduct external transactions for the first time in its six-year history.