The post Pi Network mainnet launch sees Pi coin rally over 35% appeared on BitcoinEthereumNews.com.

Pi coin surged over 35% less than an hour after its highly anticipated mainnet went live. Pi Network, the closely followed tap-to-earn cryptocurrency network,  launched its open mainnet today, Feb. 20, at 8 am UTC. The launch was a significant milestone for the project, which has been in development for over six years and has operated in an enclosed mainnet since 2021. With the mainnet launch, Pi community members, referred to as pioneers, can trade their Pi coins while developers on the network are able to showcase their work to a global user base. Developers have already built over 100 applications catering to various sectors, including decentralized finance and gaming. Unlike traditional proof-of-work networks, 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, more than the Ethereum Foundation, Solana, and other major networks. At its peak, the project boasted over 50 million users. The Pi Network mainnet launch was highly anticipated due to its scale. As soon as the Pi mainnet went live, several centralized crypto exchanges, including OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget, listed Pi coin (PI). Meanwhile, Binance, the world’s largest crypto exchange, has taken a different approach by conducting a poll on whether it should list PI. The poll will run until Feb. 27, and the result is unlikely to change. Other prominent exchanges, such as Coinbase, Kraken, and Upbit, have not confirmed whether they will list Pi Network’s coin. Pi Coin sees major volatility following listing Pi Coin’s price saw significant volatility following its listing on crypto exchanges. Per data from CoinGecko, PI is up 36.8% within…

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Filed under: News - @ February 20, 2025 10:21 am