Pi Coin Surges 35% After Mainnet Launch, Faces Volatility

Pi Coin surged over 35% within an hour of its highly anticipated mainnet launch today, February 20, at 8 AM UTC. The launch marks a major milestone for the tap-to-earn cryptocurrency network, which has been in development for over six years and previously operated in an enclosed mainnet since 2021.

Mainnet Launch & Exchange Listings

With the open mainnet, Pi Network’s millions of users—known as Pioneers—can now trade Pi Coin, while developers gain access to a global user base to showcase their decentralized applications. Over 100 apps have already been built on the Pi Network, spanning DeFi, gaming, and more.

The launch was met with immediate exchange listings, with platforms such as:

OKX
HTX (Huobi)
Bybit
MEXC
Gate.io
BitMart
Bitget

Meanwhile, Binance—the world’s largest crypto exchange—is holding a community poll on whether it should list PI, with voting open until February 27. Other major exchanges, including Coinbase, Kraken, and Upbit, have not yet confirmed if they will support the coin.

Also Read: Transak Gains Regulatory Green Light in Two More US States—What It Means for Crypto

Pi Coin’s Price Volatility

The Pi Coin price spiked to $1.97 within the first hour of its listing but has since seen major volatility:

This volatility follows speculation-driven IOU prices that ranged between $61–$70 before the mainnet launch.

What’s Next for Pi Coin?

While Pi Coin could see further gains, several factors may impact its future:

Pi Network’s large community (50M+ users) remains a key strength, and whether the token establishes a stable price range will depend on adoption, liquidity, and future exchange listings.