Pi Network officially launched the Open Network Mainnet earlier today, Feb. 20. While the PI coin price started trading above $1, the IOU token dropped

Pi Network Coin has officially entered open trading, witnessing sharp price swings since its listing on major exchanges. After an initial surge to $1.97, the cryptocurrency plunged over 60% before rebounding nearly 160% in a day.

Pi Network’s native cryptocurrency, PI, experienced a sharp decline of over 65% following the long-awaited launch of its mainnet.

There’s arguably no cryptocurrency with more buzz—or more skepticism—than Pi Coin (PI). As I write this, the clock ticks toward Pi Network’s Open Network launch at 8:00 AM UTC on February 20, 2025, a milestone that could finally answer the question: Is Pi Coin  (PI)worth anything?

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.

Cryptocurrency is reshaping financial ecosystems across the world. In India, we are experiencing the rise of two significant digital assets - Pi Coin and Jio Coin.

Pi Network price initially jumped after the mainnet launch on Thursday, and then erased all those gains. Pi, the popular tap-to-earn token, was trading at $0.7290 on Friday morning, much lower than Thursday’s high of $2.