The launch of Pi Network Coin has sent shockwaves across the cryptocurrency landscape, marking one of the most volatile debuts in recent digital asset history. After its highly anticipated Open Mainnet went live on February 20, 2025, Pi Coin surged to an all-time high of $2.10**, only to plummet by over **71% within 24 hours**, bottoming out at **$0.6152. As markets stabilize, investors are left questioning whether this mobile-first cryptocurrency is a revolutionary step forward or another speculative bubble.
With a current trading price of $0.6813**—still down **66% from launch**—and a market cap hovering around **$4.46 billion, Pi Coin is now under intense scrutiny. Listed on major exchanges like OKX, Gate.io, Bitget, and CoinDCX, it remains absent from Binance, raising concerns about liquidity and long-term viability.
What Is Pi Network Coin?
Pi Network Coin is the native cryptocurrency of the Pi Network, a mobile-based blockchain project founded by Stanford PhD graduates Nicolas Kokkalis and Chengdiao Fan. Unlike traditional cryptocurrencies that require powerful hardware and consume massive energy, Pi allows users to mine coins directly from their smartphones—no technical expertise or specialized equipment needed.
This accessibility-first approach positions Pi as a social cryptocurrency, aiming to democratize access to Web3 and decentralized finance (DeFi). The network emphasizes peer-to-peer transactions, merchant payments, and integration with decentralized applications (dApps), creating a user-driven ecosystem rooted in everyday usability.
The total supply of Pi Coin is capped at 100 billion PI, with approximately 9.76 billion currently in circulation. However, according to CoinMarketCap, the self-reported circulating supply stands at 6.34 billion PI, highlighting discrepancies that investors should monitor closely.
How Does Pi Coin Compare to Bitcoin and Meme Coins?
While Pi Coin aims for long-term utility, its post-launch price action mirrors the wild swings seen in speculative assets like meme coins.
Take the case of $TRUMP**, the U.S. President-linked meme coin that briefly soared past $70 after launch before crashing to $17—losing billions in market value. Similarly, **$MELANIA, promoted by First Lady Melania Trump, spiked to $13.05 only to nosedive to $3.49 within hours. These examples underscore how sentiment-driven launches can lead to rapid gains—and even faster losses.
In contrast, Bitcoin, the world’s leading cryptocurrency, trades at **$95,452.69** as of this writing—down nearly 12% from its peak of $109,114.88. While BTC remains a benchmark for stability and adoption, meme coins and new entrants like Pi highlight the speculative nature of emerging crypto markets.
Notably, the total market cap for meme coins has dropped from a peak of $127.3 billion in June 2024** to just **$68.3 billion, signaling cooling investor enthusiasm. In this environment, Pi Coin’s ability to transition from hype to real-world use will determine its survival.
Should You Buy Pi Coin? Experts Offer a 5-Point Investment Guide
With volatility spiking and uncertainty looming, investors are asking: Is Pi Coin worth buying? Industry experts weigh in with a comprehensive five-point framework to help navigate this decision.
1. Assess Price Volatility and Early Selling Pressure
“Volatility is the name of the game,” warns Sathvik Vishwanath, Co-founder and CEO of Unocoin. “Pi’s price is extremely unpredictable, especially given that early adopters who’ve been mining since 2019 are now cashing out en masse.”
This wave of selling creates downward pressure, making short-term price movements erratic. Investors must be prepared for significant fluctuations and avoid emotional trading based on fear or FOMO (fear of missing out).
2. Evaluate Exchange Listings and Liquidity
Exchange support plays a crucial role in a cryptocurrency’s success. While Pi Coin is listed on seven major platforms—including OKX—its absence from Binance, the largest global exchange, limits exposure and liquidity.
“Liquidity affects how easily you can buy or sell without moving the market,” explains Vishwanath. “Until Pi gains broader exchange adoption, price manipulation and slippage remain real risks.”
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3. Monitor Regulatory Uncertainty
Regulatory clarity remains a major concern—especially in key markets like India, where crypto laws are still evolving.
“Any sudden policy shift could freeze trading or impose restrictions,” says Thangpandi Durai, CEO of Koinpark. “Investors must evaluate not just the technology, but also the legal landscape where they operate.”
Global regulators are increasingly scrutinizing new tokens, particularly those with unclear tokenomics or mass mining models. Pi Network must demonstrate compliance and transparency to gain institutional trust.
4. Align Investment with Risk Appetite
Cryptocurrency investments should align with individual financial goals and risk tolerance.
“Just because a coin launches doesn’t mean it’s safe,” Durai cautions. “Long-term success depends on actual adoption—how many people use it for payments, how secure the network is, and whether developers build meaningful dApps on it.”
Investors should conduct thorough due diligence before allocating funds, treating Pi Coin as a high-risk asset rather than a guaranteed return.
5. Consider the Vision: A Mobile-First Future for Digital Payments
On a positive note, experts acknowledge Pi Network’s ambitious vision.
“It aims to revolutionize digital payments by making crypto mining accessible via mobile devices—without the energy-heavy processes of Bitcoin,” says Vishwanath.
By lowering entry barriers, Pi could onboard millions of unbanked or underbanked users into the digital economy. If the ecosystem delivers on utility—such as cross-border remittances, microtransactions, or decentralized identity—Pi may evolve beyond speculation into sustainable adoption.
Frequently Asked Questions (FAQ)
Q: Can I mine Pi Coin on my phone?
A: Yes, Pi Coin was designed to be mined through a mobile app without draining battery or data. However, mining rewards are now subject to security checks and KYC verification before transfer to external wallets.
Q: Why did Pi Coin crash so quickly after launch?
A: The sharp decline was driven by profit-taking from early miners who held Pi since its inception in 2019. Combined with limited exchange liquidity and speculative trading, this created intense selling pressure.
Q: Is Pi Coin listed on Binance?
A: As of now, Pi Coin is not available on Binance. It is listed on OKX, Gate.io, Bitget, CoinDCX, and several other mid-tier exchanges.
Q: What determines Pi Coin’s long-term value?
A: Long-term value hinges on real-world adoption—such as merchant acceptance, dApp development, transaction volume, and regulatory compliance—not just initial price momentum.
Q: How many Pi Coins will there ever be?
A: The maximum supply is capped at 100 billion PI. Current estimates suggest around 9.76 billion are in existence, with 6.34 billion self-reported as circulating.
Q: Should I invest in Pi Coin now?
A: Only if you understand the risks. Experts recommend evaluating volatility, exchange support, regulation, personal risk tolerance, and ecosystem progress before investing.
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Final Thoughts: Hype vs. Reality
Pi Network Coin represents both promise and peril. Its mobile-mining model could redefine accessibility in Web3—if it delivers utility at scale. But early price chaos serves as a stark reminder: not every high-profile launch leads to lasting value.
For investors, the path forward requires caution, research, and patience. While the dream of decentralized, user-owned finance continues to evolve, success won’t come from headlines alone—it will come from real-world usage.
As the crypto market matures, projects like Pi must prove they’re more than just viral moments. The next phase will test whether this innovative experiment becomes a cornerstone of digital finance—or fades into obscurity like so many before it.
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