Pi Network mainnet launch sees Pi coin rally over 35%

Pi Coin increased by more than 35% less than an hour after his highly anticipated Mainnet was put online.

Pi Network, the Crypto-Month-Tap-to-Gentendon Crypto network followed closely, launched its Open Mainnet todayFebruary 20 at 8 a.m. UTC. The launch has been an important step for the project, which has been developing for more than six years and has been operating in a Mainnet closed since 2021.

With the launch of Mainnet, members of the PI community, called pioneers, can exchange their PI parts while developers on the network are able to present their work to a global user base. The developers have already built more than 100 applications addressing various sectors, including finances and decentralized games.

Unlike traditional work proof networks, PI allows users to use PI via a mobile application, which makes participation accessible to a global audience.

This accessibility has led to massive adoption, with millions of users engaged in the network even before its official launch. Pi Network currently has more than 3.8 million followers on X, more than the Ethereum, Solana Foundation and other major networks. At its peak, the project had more than 50 million users.

The launch of Pi Network Mainnet was eagerly awaited due to its scale. As soon as the Mainnet PI has been put online, several centralized cryptography exchanges, notably OKX, HTX, Bybit, Mexc, Gate.io, Bitmart and Bitget, Listed Pi Coin (PI).

Meanwhile, Binance, the largest crypto exchange in the world, adopted a different approach from survey On the question of whether it should list PI. The survey will take place until February 27, and it is unlikely that the result will change.

Other important exchanges, such as Coinbase, Kraken and Upbit, have not confirmed if they will list the Pi Network part.

Pi Coin sees major volatility after the list

The Pi Coin price has experienced significant volatility as a result of its list on crypto exchanges. According to Coingecko data, PI increases 36.8% in the first hour after obtaining several lists, reaching a summit of $ 1.97.

At the time of the press, Pi Coin was negotiated at $ 1.8 on OKX and $ 1.78 on Bitget, marking a sharp drop compared to speculative prices from $ 61 to $ 70, seen one day before the launch of the Mainnet.

Shortly after registration, the Altcoin briefly increased to $ 3.4 on Bitget before quickly being at its current levels. Meanwhile, on Bébit, the PI price fell below the $ 1 bar shortly after the trading start.

Nevertheless, Pi Coin could see other gains because its large community base and its new arrivals seeking to collect the media threw continue to accumulate the token. The media threshing surrounding the potential lists on the main exchanges such as Binance, Coinbase and Kraken could still lead to a purchase pressure while investors position themselves in anticipation of a price rally.

However, these gains could be short -lived if the first minors, who have accumulated a PI for years, are starting to withdraw. Built -in media rallies are often faced with strong withdrawals, and history shows that newly listed tokens tend to undergo high sales before finding a stable price range.

In addition, as these level 1 lists could arrive from days or even weeks later, current media threshing could be cooled, reducing the impact on price action.