Pi Coin Launch Price On Mainnet: How High Could Pi Go?

Pi Coin has launched at a price of $1.24 on major exchanges, including OKX, Bitget, and MEXC. This is significantly lower than the expected launch price, and Pi Network’s IoU price was trading above $50.

Pi Network’s long-awaited Mainnet launch finally happened today, 20 February 2025. With millions of early adopters and rising speculative interest, many are asking about Pi coin’s potential price direction.

Several key factors will determine Pi network’s price direction, including exchange support, early holder behavior, and price anchoring across different markets.

Users should expect high volatility in the early days of trading, as previous holders who have mined the token for a long time could sell off.

IOU market vs. real Trading

Pi coin’s IOU price had surged over 66% last week, reaching a peak of $83.28 before pulling back to $61.70. However, these IOUs were not transferable across exchanges, making them a speculative tool rather than a true market price indicator. Yet many accepted the launch price to be around this IoU price. 

Instead, Pi Network’s launch price was much closer to the price in Taiwan P2P markets, where Pi traded at just $1 in the past week.

According to CoinMarketCap, the current market cap is around $10billion. If early adopters flood the market with sell orders, the price could trend toward the lower range. However, if demand outweighs supply, it could stabilize around or above $2.

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Exchange listings and market confidence

A critical factor for Pi Network’s price going forward is whether major exchanges support it. So far, OKX, HTX, Bitget, BitMex, MEXC, and other centralized exchanges have listed Pi. However, major tier-1 exchanges like Binance, Coinbase, and Kraken are yet to announce listing.

Binance is currently hosting a rare community vote to decide on Pi coin listing. The voting will end on February 27 next week. As the largest crypto exchange, Binance’s listing could inject more liquidity into Pi Network, which could see its price rally significantly.

Meanwhile, US-based exchanges like Coinbase and Kraken are yet to provide any details about their stance on this new token.

Revenge selling and supply pressure

Many early Pi miners have waited years for this moment. Unlike traditional crypto projects with structured vesting schedules, Pi miners have been accumulating tokens without the ability to sell. This creates a scenario where a large number of coins may hit the market at once, potentially driving prices down.

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A mass sell-off from pioneers could turn Pi Network bearish, especially if there is weak buy-side support. However, if a significant portion of holders choose to stake or hold their assets, prices could surge beyond $2.5.

Market sentiment and future outlook

Pi Network has built a massive community, and the excitement after the mainnet launch is undeniable. However, sustained value depends on utility, adoption, and broader market trends. If Pi can attract real-world use cases and integrate with existing financial systems, it has the potential to maintain a strong valuation.

Given all factors — more exchange listings, early holder behavior, and real-world demand — Pi coin’s price in the short term could break above $2.5 – $3. A sell-off could push it to the lower end, while high demand and strong exchange support could keep it above $2. Traders and investors should brace for volatility as real price discovery begins.

Further reading

What Is Pi Coin?

How To Sell Pi Coin

1. 01.

   What is IOU price?

   

   IOU price is a speculative value assigned to Pi Coin on certain platforms before real trading begins. Since Pi isn’t transferable yet, IOU trading is based on future expectations, not actual liquidity.

2. 02.

   What is the Pi Network mainnet?

   

   The Pi Network mainnet is the fully operational blockchain where Pi Coins can be transferred, traded, and used in real transactions. It marks the transition from a closed system to an open, decentralized network.

3. 03.

   Why is Pi Coin price different in P2P markets?

   

   The price varies because P2P markets operate without official exchange listings, relying on direct buyer-seller agreements. IOU prices reflect speculative demand, while P2P rates depend on local liquidity and market perception.