Solana (sol) 
Pi Coin Surges Over 35% After Mainnet Launch
Pi Network, a mobile-based tap-to-earn cryptocurrency network, launched its open mainnet on February 20 at 8 am UTC. The highly anticipated launch marked a significant milestone for the project, which has been in development for over six years.
Mainnet Launch and Trading
With the mainnet launch, Pi community members, known as pioneers, can now trade their Pi coins. Developers on the network can also showcase their work to a global user base. Over 100 applications catering to various sectors, including decentralized finance and gaming, have been built on the network.
Accessibility and Adoption
Pi enables users to mine PI via a mobile application, making participation accessible to a global audience. This accessibility has driven massive adoption, with millions of users engaging with the network even before its official launch. Pi Network currently has over 3.8 million followers on X, surpassing major networks like the Ethereum Foundation and Solana.
Exchange Listings and Price Volatility
Several centralized crypto exchanges, including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget, listed Pi coin (PI) shortly after the mainnet launch. However, other prominent exchanges, such as Coinbase, Kraken, and Upbit, have not confirmed whether they will list Pi Network’s coin.
Pi Coin’s price saw significant volatility following its listing, with a 36.8% surge within the first hour, reaching a high of $1.97. However, the price quickly dropped to $1.8 on OKX and $1.78 on Bitget.
Market Outlook
Pi Coin could see further gains as its large community base and newcomers accumulate the token. However, the hype surrounding potential listings on major exchanges like Binance, Coinbase, and Kraken may be short-lived if early miners start cashing out.
Tips for investors:
- Be cautious of hype-driven rallies, which often face sharp pullbacks.
- Newly listed tokens tend to experience heavy sell-offs before finding a stable price range.
- Monitor the market for potential listings on major exchanges, which could drive buying pressure.
Stay Informed
Stay up-to-date with the latest news on Pi Coin and other cryptocurrencies on Global Crypto News.
Investing in cryptocurrencies carries risks, and this article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
