Pi Network Price Crashes After Mainnet Launch; What Next Pi?

Highlights:

• Pi Network faces significant price volatility post-mainnet launch.
• Trading activity remains low, with minimal buy orders and selling.
• Market recovery depends on large investments and market stabilization.

Pi Network (PI), the mobile-mined cryptocurrency, has seen a notable decline in price following the recent launch of its open mainnet. A major price decline of 26% occurred within 24 hours, causing the value of PI to fall under $0.66 from its maximum of $2. Major exchanges Bitget and OKX introduced the token just before its sudden price decline. 

The highly anticipated open mainnet transition from Pi Network on February 20, 2025, did not prevent the cryptocurrency from losing its early support, according to investors.

Mainnet Launch Marks a Turning Point

The open mainnet launch of Pi Network was declared as a project highlight after continuous delays had finally arrived. Users can conduct token transactions and exchanges as the mainnet has gone active. 

The project transition represented a new phase that would enhance transparency while opening more trading chances. The results following this event proved pessimistic instead of the expected outcomes. The token price suffered a sudden 65% decrease right after Pi Network launched its mainnet, which caused widespread skepticism about project sustainability among the community. 

The sudden price drop has left investors dissatisfied since they anticipated the launch to trigger a price rally. An immediate surge in downloads and search interest was followed by the price crash, where people had expected more growth in the coin’s value.

Pi Network Trading Activity Shows Promise

Trading activity on Pi Network has been disappointing because pioneers continue their selling activities while only producing a few buy orders. The biggest verified purchase of Pi Network consists of only 1,000 coins and most orders include less than 500 units. From this perspective, the small amount of big capital can be regarded positively since market exhaustion will likely create higher prices when buyers finally enter the market.

The main outcome reveals that Pi Network accomplished its goal of releasing its system to global users. The appreciation of Pi coins depends on increased understanding of its potential by people which will trigger major price growth from large investments. Holders should retain their coins while awaiting future expansion.

Trading in Pi is disappointing as pioneers keep selling and buy orders are small ( highest 1K Pi, on average a few hundred Pi). No big capital is insight. However, this can also be look at as positive, as sellers exhausted, and buyers jump in, price should go back up again. No… pic.twitter.com/Gk7VBTSBNn

— Kim H Wong (@Time_and_Trade) February 20, 2025

How Low Will Pi Network Go?

Pi Network price is trading at $0.6837, reflecting a significant drop of about 20% in the past 24 hours. The market volume stands at $641.68 million, marking a 24% increase. The market cap has stabilized at $4.23 billion.

The main hurdle for price advancement occurs at $1. The movement past this critical level will determine if bullish trend continues. The price of Pi Network will face its subsequent resistance barrier at $1.50 after surpassing $1. This price level stands as one of the important barriers before the next resistance point. The most ambitious resistance target exists at $2 for the asset.

The initial key support area stands at level $0.50. The price level at $0.50 stands as a possible recovery area for price if it continues to decline further. MACD indicator indicates strong positive trend strength as its value reaches 0.10803, which supports bullish market conditions. The Relative Strength Index (RSI) shows 83 at present as overbought status for Pi Network, thus pointing towards possible market correction or neutralization.