Recently, Pi Network announced that it will be listed on the crypto market on February 20, 2025. Pi Network is a cryptocurrency that allows users to mine crypto on their phones with just a start/stop button.
Pi Network was launched on March 14, 2019, by a group of Stanford graduates. Around 2014-2015, Bitcoin and Ethereum were experiencing a crypto bubble, where everyone was talking about cryptocurrencies and how they could be transferred peer-to-peer without government regulation. Before this, Bitcoin was trading under $10 on some unknown trading platforms. As Bitcoin gained popularity, Pi Network emerged as an easier alternative, allowing anyone to mine it on their phones in 2019. This led to Pi spreading like wildfire, despite not being listed on any crypto exchange, meaning users couldn’t sell their holdings.
However, starting February 20, 2025, Pi will be tradeable on major exchanges like Binance and Coinbase.
The Big Question: Make or Break for Pi Users?
Here comes the twist—users who have spent hours mining Pi and using mobile data could face a major challenge due to the fundamental economic rule of supply and demand. If too many users decide to sell at once, the price could drop drastically.
Another factor that could come into play is a potential pump-and-dump scenario. Those holding large amounts of Pi might sell off quickly, creating panic among users and causing the price to crash. Experts estimate that the initial listing price will be around $6 per Pi.
