Pi Network, one of the most anticipated projects in the cryptocurrency world, finally officially launched its mainnet in 2025 after many years of development. However, this launch was accompanied by sharp price fluctuations and controversies rather than bringing the permanent rise that the community hoped for. After years of KYC problems, postponed schedules and uncertainties, the Pi token made a strong entry into the market, but suffered a heavy loss of value in a short time.
2025 on Pi Network: The End of Waiting and a New Era
The Pi Network community was seriously tired of the constant delays of the mainnet, especially in late 2024 and early 2025. Finally, with the launch of the Open Network on February 19, 2025, PI token began to be traded on major exchanges such as Bitget, OKX and MEXC. Post-launch excitement grew rapidly; The team extended the KYC deadline, revived PiFest, and announced the .pi domain initiative. Pi Day 2025 celebrations in March also supported this positive atmosphere.
In the following period, Pi Ad Network Expansion was announced and opened to all applications registered in the ecosystem. Rumors of expansion of wallet activations and Binance listing in May excited the community again. However, these rumors did not become reality. Instead, the team turned attention to venture investments by announcing a $100 million Pi Network Ventures fund. In the summer, the first mainnet hackathon was held, Pi2Day events were held, and a step into the field of artificial intelligence was made with Pi App Studio.
PI Price Performance and Market Realities
The PI token reached an all-time high of $2.99 in late February, shortly after it was listed on exchanges. However, this rise was not permanent and the token entered a long-term downward trend. In early October, the price hit a historical low of $0.172 and lost nearly 95 percent of its value from the peak. Currently trying to hold on just above the $0.20 level, PI is still trading 92-93 percent below its peak.
The price only experienced short-term jumps during major announcements. PI, which rose above $1.70 in May with Binance rumors, experienced a sharper decline when the news turned out to be unfounded. Despite this, some analysts consider the maintenance of the $0.20 support as a positive signal. Similarly, the recovery of Sei Network, another project that launched its main network in 2025, with ecosystem investments after the initial decline is shown as a possible scenario for Pi Network.
As a result, although Pi Network has taken important steps in terms of technical and ecosystem, its price performance fell far behind expectations. The sharp decline that followed the long wait damaged investor confidence. In the coming period, actual usage areas, results of venture investments and transparent communication will be the most critical factors that will determine the fate of the project.
