In a twist that would make even the most seasoned fortune teller raise an eyebrow, Pi coin has decided to do a little jig, leaping over 35% in value faster than a cat on a hot tin roof, all thanks to its mainnet launch. Yes, folks, the moment we’ve all been waiting for has finally arrived, and it’s about as subtle as a marching band in a library.
Today, on the 20th of February, at the ungodly hour of 8 am UTC, the Pi Network—an entity that has been brewing in the cauldron of cryptocurrency for over six years—finally threw open its doors. It’s like waiting for a bus that never comes, only to find out it was a magic carpet all along. The project has been in a cozy little enclosed mainnet since 2021, but now it’s ready to mingle with the big boys.
Now, the Pi community, affectionately dubbed “pioneers” (because who doesn’t want to feel like they’re on the frontier of something?), can finally trade their shiny Pi coins. Meanwhile, developers are busy showcasing their wares to a global audience, having already whipped up over 100 applications that cater to everything from decentralized finance to gaming. It’s like a digital bazaar, but with fewer camels and more code.
Unlike those traditional proof-of-work networks that require you to have the computing power of a small nation, Pi allows users to mine PI through a mobile app. Yes, you heard that right! Now anyone with a smartphone can join the fun, making it as accessible as a free buffet—if only the buffet were made of digital coins instead of questionable meatloaf.
This newfound accessibility has led to a veritable stampede of users, with millions engaging with the network even before the official launch. Pi Network has amassed over 3.8 million followers on X, outpacing even the Ethereum Foundation and Solana. At its peak, the project boasted a staggering 50 million users, which is more than the number of people who’ve ever tried to explain Bitcoin to their grandparents.
As the Pi mainnet launched, several centralized crypto exchanges—think of them as the cool kids in the playground—decided to list Pi coin (PI). Exchanges like OKX, HTX, Bybit, MEXC, Gate.io, BitMart, and Bitget jumped on the bandwagon faster than you can say “blockchain.” Meanwhile, Binance, the granddaddy of crypto exchanges, is taking a more democratic approach by conducting a poll on whether to list PI. Because nothing says “we’re serious” like a poll that runs until Feb. 27, which is about as useful as a chocolate teapot.
Other big names like Coinbase, Kraken, and Upbit are still playing hard to get, leaving everyone wondering if they’ll join the party or just sit in the corner sipping their drinks.
Pi Coin’s Price Takes a Rollercoaster Ride 🎢
After its grand entrance onto the crypto exchanges, Pi Coin’s price decided to play a game of hopscotch, experiencing significant volatility. According to the crystal ball known as CoinGecko, PI shot up by 36.8% within the first hour, reaching a dizzying high of $1.97. It’s like watching a toddler on a sugar rush—exciting but slightly terrifying.
At the time of writing, Pi Coin was trading at $1.8 on OKX and $1.78 on Bitget, which is a far cry from the speculative IOU prices of $61 to $70 that were floating around just a day before the mainnet launch. Talk about a reality check!
Shortly after its debut, the altcoin briefly soared to $3.4 on Bitget before deciding it was too high up and plummeting back down to earth. Meanwhile, on Bybit, PI’s price dipped below the $1 mark faster than you can say “market correction.”
But fear not! Pi Coin might still have some tricks up its sleeve, as its large community and eager newcomers are looking to cash in on the hype. The buzz surrounding potential listings on major exchanges like Binance, Coinbase, and Kraken could keep the buying pressure alive, as investors scramble to get a piece of the action.
However, let’s not get too carried away. These gains could be as fleeting as a summer romance if early miners, who have been hoarding Pi like it’s the last cookie in the jar, decide to cash out. History has shown that hype-driven rallies often face sharp pullbacks, and newly listed
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2025-02-20 12:39