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Tag: Pi Network

  • Pi network price plummets to $0.90: What’s behind the drop?

    Pi network price plummets to $0.90: What’s behind the drop?

    The scene of cryptocurrencies is humming with the newest twist involving Pi Network (PI), a project that formerly captivated imaginations with its promise to make crypto mining available via cellphones as of March 24, 2025. Pi’s price dropped steeply from its all-time high of $2.99 earlier this year to $0.90 USD. Investors, miners, and Pi Network ecosystem enthusiasts are left wondering about its future in this slump. 

    Let’s find out the cause of this fall, user present attitude, and possible future developments of this blockchain project.

    Read also: Pi Network introduces .pi domains with auction, compliance measures

    Why is Pi network dropping to $0.90?

    The slide of Pi to $0.90 has been driven by a perfect storm of challenges for the Pi Network. One major factor is the recent token unlocks, which have flooded the market with over 100 million coins, overwhelming demand and sparking widespread selling. This oversupply has diluted the value of Pi, and with more unlocks looming, the pressure could grow unless confidence returns.

    Another hurdle came with the KYC process, as the grace period ended on March 14, 2025, leaving many unverified Pi Network users unable to access their tokens. Technical glitches—such as tokens vanishing from dashboards or reverting to the Pi app—have compounded the frustration, pushing some to offload their Pi at any price. The uncertainty around a Binance listing has also played a role; despite strong community support, the exchange has yet to greenlight Pi, dashing hopes of a liquidity boost. Criticism from sceptics like Justin Bons of CyberCapital, who’ve called Pi Network a scam due to its centralised design, has further muddied the waters, unsettling investors. Adding to the mix, the broader crypto market’s volatility has put additional strain on altcoins like Pi, amplifying its struggles.

    Read also: Pi network enhances security with two-factor authentication for wallet confirmation

    What’s next for Pi network and the Pi browser?

    With Pi hovering at $0.90, it’s at a pivotal support level. Analysts warn that slipping below this could see Pi Network’s price tumble to $0.80 or even $0.50 if selling continues unchecked. A recovery, though, isn’t out of reach if certain triggers align. Clear communication from the Pi Core Team about KYC issues, token unlock timelines, and the mainnet’s progress could restore faith in the Pi Network. 

    A major exchange listing—Binance or otherwise—might spark a rally by boosting liquidity and drawing new users to the Pi Browser ecosystem. Real-world growth, like expanding merchant adoption or rolling out decentralised apps (dApps) via the Pi Browser, could also reignite excitement. Pi has bounced back before, soaring from $0.72 to $35.71 in April 2024 after a slump, but with the mainnet still in a “closed network period” and no firm launch date, its promise hangs in the balance.

    The plunge of Pi to $0.90 is a wake-up call for the Pi Network, challenging its community’s resolve and the project’s credibility. For early sellers, it’s a victory; for those stuck with locked tokens, it’s a test of patience. Whether Pi Network fades away or mounts a comeback hinges on execution, not just hype. As the crypto world watches, the fate of Pi, the Pi Browser, and its KYC-stricken ecosystem remains uncertain—but it’s clear this journey is far from its final chapter.

  • Pi Network introduces .pi domains with auction, compliance measures

    Pi Network introduces .pi domains with auction, compliance measures

    On Friday, Pi Network, the innovative blockchain-based platform, launched its .pi domain auction, which will enable users to bid for unique domain names.

    The company also released a comprehensive policy document detailing compliance measures, ownership regulations, and dispute resolution frameworks.

    Read also: Pi network enhances security with two-factor authentication for wallet confirmation

    According to Pi Network, the domain allocation follows a structured auction process. Participants submit their preferred domain names, which then enter an open bidding phase where the highest bidder secures registration rights. “This process aligns with industry standards and legal regulations,” the company stated.

    Compliance and dispute resolution

    To safeguard intellectual property rights, Pi Network has outlined an appeal mechanism for trademark holders. “If a trademark holder believes that a registered domain name infringes upon their rights or constitutes domain squatting, they may file an appeal,” the platform announced.

    The dispute resolution process follows established industry frameworks like the Uniform Domain Name Dispute Resolution Policy (UDRP).

    The company further retains the right to reclaim or suspend domains in cases of trademark infringement, bad-faith registration, or policy violations. Legal actions may be taken based on court orders or through formal dispute resolution proceedings.

    “Issuer provides domain name registration services ‘as is’ and makes no warranties regarding availability or legal status,” the policy states, emphasising that registrants assume all risks associated with domain ownership.

    Read also: Coinbase launches new update ‘Verified Pools’ to enhance on-chain trading security

    The auction has witnessed massive participation from Pi Network’s community. According to their statistics, over 200,000 bids have been placed, with more than 40,000 unique bidders and 95,000 domains receiving active bids. Additionally, the total bid value has surpassed 2.9 million Pi, with the highest bid currently at 30,000 Pi.

    Following the Open Network launch, Pi Network also noted the success of its first PiFest event. “It was inspiring to see Pioneer shoppers and local merchants around the world demonstrate the expanding utility of Pi!” the company shared on its official X handle.

    Pi Network’s future prospects

    The .pi Domains Auction is still ongoing, and interested participants are encouraged to visit the Pi mining app for further details.

    The platform aims to expand Pi’s role in real-world commerce and digital interactions, leveraging blockchain technology for branding, accessibility, and decentralised online services.

  • Pi network enhances security with two-factor authentication for wallet confirmation

    Pi network enhances security with two-factor authentication for wallet confirmation

    In a significant step toward bolstering user security, Pi Network has introduced a two-factor authentication (2FA) feature for wallet confirmation. This update rolled out on March 13, 2025, mandates that some Pioneers—Pi Network’s dedicated community of users—complete 2FA using a trusted email address before their Pi tokens can be successfully migrated to the Mainnet blockchain.

    The move underscores Pi Network’s commitment to safeguarding its ecosystem as it transitions into a fully decentralised and operational blockchain.

    Read also: Ethena Labs and Securitize launch Converge, bridging TradFi and DeFi

    What is two-factor authentication (2FA)?

    Two-factor authentication (2FA) is a widely adopted security measure that adds an additional layer of protection to online accounts. Beyond a standard password, 2FA requires a second form of verification—such as a code sent to an email or phone—to confirm a user’s identity. For Pi Network, this second step involves verifying a trusted email address, ensuring that only the rightful account owner can access and manage their Pi wallet during migration.

    Why 2FA matters for Pi network

    Pi Network’s introduction of 2FA comes at a pivotal moment. With the recent launch of its Open Mainnet on February 20, 2025, Pi transitioned from a closed ecosystem to a fully decentralised blockchain, enabling external transactions and trading on various cryptocurrency exchanges. This shift has brought unprecedented opportunities for Pioneers to utilise their Pi tokens, but it has also heightened the need for robust security measures.

    The blockchain’s immutable nature means that transactions, once executed, cannot be reversed. 

    Additionally, Pi wallets are non-custodial, meaning users have complete control over their funds without relying on a third party. While this empowers users, it also puts the security responsibility squarely on their shoulders. By implementing 2FA, Pi Network aims to mitigate risks such as unauthorised access or wallet hijacking, ensuring that Pioneers’ hard-earned tokens remain secure during the migration to Mainnet.

    How it the two-factor authentication works for Pioneers

    For Pioneers who recently initiated their migration to the Mainnet and are still within the 14-day pending period, completing 2FA is now a mandatory step. The process begins with verifying a trusted email address. Some users may already have a registered email they can use, while others will need to set one up by completing a liveness check—a step that confirms the account owner’s identity.

    Once the trusted email is established, Pioneers will receive prompts—either after a mining session or via email notifications—to complete the 2FA process. This verification confirms their wallet, allowing their Pi tokens to be migrated successfully. Pi Network has emphasized that using an inaccessible or random email address will lead to verification failures, potentially locking users of their wallets or hindering future account recovery.

    Impact on the Pi ecosystem

    The introduction of 2FA enhances security and has implications for the broader Pi ecosystem. For instance, during the 14-day pending period, some accounts may see their Pi tokens temporarily returned if 2FA is not completed. This, combined with the wallet confirmation requirement, could temporarily drop circulating supply as tokens remain unmigrated until the process is finalised.

    Interestingly, Pioneers who successfully migrate their tokens may receive slightly more Pi than their original amount, thanks to additional mining sessions in the final tally. This feature reflects Pi Network’s focus on rewarding its community while maintaining a secure and reliable migration process.

    Read also: Microsoft alerts crypto users about StilachiRAT malware stealing wallet data

    Community response and market implications

    The announcement has sparked a wave of discussion within the Pi community, with many Pioneers welcoming the added security. Since the Open Mainnet launch, Pi Coin has experienced significant price volatility, surging to near $3 before stabilising around $1 as of mid-March 2025. The introduction of 2FA coincides with a recent price recovery from a crucial support level of $1, signalling renewed confidence among investors.

    Analysts suggest enhanced security measures like 2FA could bolster Pi Network’s credibility, especially as it vies for listings on major exchanges like Binance and Coinbase. With a user base exceeding 65 million active Pioneers and a market cap ranking it among the top cryptocurrencies, Pi is positioning itself as a serious contender in the digital asset space.

    As Pi Network continues to evolve, the release of 2FA for wallet confirmation marks a proactive step toward ensuring the safety and integrity of its ecosystem. For Pioneers, this update is a call to action—secure your wallets—and a reassurance that the network prioritises their interests. As the March 19, 2025, rollout progresses, all eyes will be on how this feature shapes user adoption, market sentiment, and Pi’s journey toward mainstream recognition in the cryptocurrency world.

    With its mobile-based mining model and ambitious vision of creating an accessible digital economy, Pi Network proves that security and scalability can go hand in hand. For now, Pioneers are encouraged to complete their 2FA set-up promptly to fully participate in the Mainnet era and safeguard their stake in this promising blockchain project.

  • Pi network’s 188 million token unlock sparks excitement and uncertainty: Will the market hold?

    Pi network’s 188 million token unlock sparks excitement and uncertainty: Will the market hold?

    Today marks a pivotal moment for Pi Network as it celebrates its sixth anniversary and unlocks 188 million PI tokens, distributing them to over 1.1 million users. This massive release, one of the largest in the project’s history, has the crypto community buzzing with excitement—and apprehension.

    With Pi Coin trading at $48 after a 26 percent surge over the past week, according to CoinGape, could this unlock propel it further, or will it flood the market and trigger a sell-off is the question on minds.of miners and crypto speculators.

    As Pi journeys from a mobile mining app to a top-tier altcoin accelerates, all eyes are on what’s next.

    Read also: Pi Coin reaches $2.99 one week after launch

    A milestone for Pi network

    The March unlock, detailed by BeInCrypto and Coinpedia, expands access to 188 million tokens from a current circulating supply of 7 billion (out of a 100 billion total cap). Yet, per ExplorePi data, 63 percent of holders lock their PI for three years and 14 percent for one year, so immediate selling pressure may be muted despite the scale of this release.

    Pi’s market performance has been striking. Since its mainnet launch on February 20, 2025, PI surged nearly 100 percent to a peak of $2.99 before stabilising. Today, it ranks 11th by market cap at $13.52 billion, overtaking Chainlink and Hedera, per Coinpedia. Posts on X from @CryptoExptAvni and @PiNetwork24X7 highlight the unlock as a “breaking” event, with some predicting volatility as 65 percent of the tokens go to miners, 10 percent to ecosystem growth, five percent to liquidity pools, and 20 percent to the Pi Core Team.

    Binance delays and community clout

    The unlock coincides with mounting tension between Pi’s vocal community and Binance. A community vote on Binance showed 86 percent support for listing PI, yet delays have sparked backlash, including review-bombing of Binance’s app, as noted by Techpression. 

    Binance cites liquidity and volume concerns, but Pi’s 4 million X followers—nearing Dogecoin’s count—and 91 percent bullish sentiment on Coindesk suggest a demand that’s hard to ignore. Some speculate that a surprise listing announcement today, Pi Day, could amplify the unlock’s impact, potentially pushing PI past its $2.01 resistance toward $10, as hinted by CoinGape.

    Read also: Binance community vote for Pi Coin listing ends at 86% approval

    Pi price impact: Boom or bust?

    Analysts are split. Cryptomarketinsights warns of a $480 million unlock value, risking an eight percent dip (seen recently at $1.77), while Bitcoinik reports a 20 percent pump to $1.65 despite the news. The lockup trends—7.25 million accounts holding long-term—could cushion a sell-off, but CoinChapter notes stabilised trading at $1.80-$2.00 suggests resilience. If demand holds, as @mentigent on X posits, PI could climb to $3.93 by month’s end. A Binance listing or ecosystem updates could tip the scales further.

    What’s next for Pi?

    As Pi Network unlocks 188 million tokens today, its community-driven momentum meets a critical test. With adoption growing—113.2 million downloads, and real-world use cases emerging (e.g., PiFest 2024’s 27,000 sellers), this could be a springboard to mainstream relevance. Yet, the shadow of past volatility—a 62 percent crash in February, per Economic Times—looms. Will Pi’s pioneers hold firm, or cash out? For now, March 14, 2025, is more than a birthday—it’s a proving ground for Pi’s crypto ambitions.

  • Could a Trump mention ignite Pi Coin? Experts predict a potential 200% price surge

    Could a Trump mention ignite Pi Coin? Experts predict a potential 200% price surge

    As the cryptocurrency world buzzes with anticipation, all eyes are on Pi Network—a mobile-mined digital asset with a massive global following. With its sixth anniversary looming tomorrow, March 14, speculation is rife that U.S. President Donald Trump might mention Pi Coin in an upcoming pro-crypto press briefing.

    If he does, analysts predict the token’s price could skyrocket by as much as 200 percent within hours, thrusting Pi into the spotlight of an already volatile market. But what’s driving this hype, and could Trump’s words spark such a dramatic rally?

    Read also: Swiss-based Centi partners with Yellow Card for seamless, low-cost transfers to 20 African nations

    Pi Network: The people’s crypto

    Launched in 2019 by Stanford PhDs Nicolas Kokkalis and Chengdiao Fan, Pi Network has grown into a phenomenon, boasting over 100 million users across 200+ countries. Unlike Bitcoin, which requires energy-intensive mining rigs, Pi lets anyone mine coins via a smartphone app—a democratised approach that’s fuelled its viral adoption. 

    Currently, Pi Coin is consolidating around $48 after a 26 percent gain over the past six days, according to Coingecko, with a market cap placing it among the top altcoins. Posts on X echo this momentum, with users like @pinetwork_world and @hokanewscom amplifying claims of a potential 200 percent surge. Yet, Pi remains in a pre-mainnet phase, with trading limited to select exchanges and its ecosystem still maturing. This hasn’t dampened enthusiasm—Pi ranks as the fourth most-followed cryptocurrency on social media, surpassing Ethereum. Its growing U.S. presence, including adoption by Florida’s Zito Realty for payments and ties to Stanford alongside firms like Ripple, has some speculating it’s poised for mainstream recognition.

    Trump’s crypto crusade

    Since his re-election in November 2024, Trump has pivoted from crypto skeptic to self-proclaimed “crypto president.” His administration has moved swiftly, signing an executive order on March 3, 2025, to establish a U.S. strategic crypto reserve featuring Bitcoin, Ethereum, XRP, Solana, and Cardano, per Reuters and Forbes. The announcement sent shockwaves through the market—Bitcoin soared past $94,000, and the total crypto market cap jumped by $300 billion in hours. 

    Trump’s White House Crypto Summit on March 7 further solidified his pro-crypto stance, though Pi Network was notably absent from his mentions, as fact-checked by CryptoTimes.io and Bitget. Still, Trump’s broader vision—to make the U.S. the “crypto capital of the world”—has altcoin communities buzzing. Posts on X, like one from @SoundCHEF2, speculate that a Trump nod to Pi could push it “past $10,” while CoinGape suggests a mention might propel it toward $100 or even $1,000 if he favors it over Bitcoin for a reserve. HOKANEWS.com cites Grok AI, predicting a “100-150% surge within 48 hours” based on past Trump-driven crypto spikes, with a 200% jump not out of reach given Pi’s momentum.

    Why a mention could spark a 200% surge in Pi price

    Crypto markets are notoriously reactive to high-profile endorsements—especially from figures like Trump, whose social media posts on Truth Social and X have moved markets. XRP and Solana surged 20-50% when he announced the crypto reserve, per Forbes. With its engaged community and pent-up demand, Pi could see an even sharper reaction. 

    A Trump mention could trigger a “fear of missing out” wave, driving retail and institutional buyers to pile in. HOKANEWS.com noted Pi’s 20 percent gain in a single day this week as evidence of bullish sentiment. Pi’s American roots—founded in California with Stanford credentials—align with Trump’s patriotic crypto narrative, making it a plausible candidate for recognition. 

    With Pi’s anniversary tomorrow and a significant token unlock event this month, as per Coinpedia.org, the stage is set for heightened volatility, and a Trump shoutout could amplify this, pushing Pi past its $2.01 resistance toward $10 or beyond. In an X post, Grok AI cautioned that while no evidence ties Trump to Pi yet, “the buzz seems to stem from speculation in the Pi community, fueled by Trump’s broader crypto reserve talk.” A 200 percent surge from $48 would land Pi at roughly $144—a stretch, but not unprecedented in crypto’s hype-driven history.

    Read also: Trump vows to make U.S. global cryptocurrency leader at first-ever White House Crypto Summit

    Risks and reality checks

    Not everyone’s sold on the hype. Pi’s price has been volatile—Controverity.com reported a 159 percent spike to $1.72 in February, followed by a stabilisation at $1.32, with bearish signals looming. Coinpedia.org warns of a potential drop to $1.58 if it fails to break $2.23. Trump’s reserve, clarified by crypto czar David Sacks as using seized assets rather than new purchases, has also disappointed some investors who are expecting bolder moves. 

    No official transcript from the March 7 summit confirms a Pi mention. Any surge could be short-lived without concrete backing, mirroring the 80 percent crash of Trump’s own $TRUMP memecoin after its January peak.

    What’s next for Pi?

    The crypto world is watching Trump’s next move as Pi Network’s anniversary approaches. A mention in his upcoming briefing—potentially as early as this week—could ignite a parabolic rally, with analysts eyeing $100-$200 in the near term if FOMO takes hold. In the long term, CoinGape posits a $500-$1,000 range by 2026 with institutional adoption. But without it, Pi’s fate hinges on its community and mainnet rollout. For now, the question remains: Will Trump name-drop Pi Coin? If he does, buckle up—200 percent might be the start.

  • Pi network slashes mining rate by 38%: What it means for your Pi Coins

    Pi network slashes mining rate by 38%: What it means for your Pi Coins

    The Pi Network, a mobile-based cryptocurrency project that has captivated millions with its promise of accessible mining, has made headlines again as its base mining rate dropped significantly in March 2025. Reports within the Pi community indicate that the base mining rate has fallen from 0.0047 Pi per hour to 0.0029 Pi per hour—a roughly 38 percent reduction. This adjustment, though not officially detailed by the Pi Core Team as of March 3, 2025, has sparked widespread discussion about scarcity, value, and the trajectory of Pi Coin. 

    Here’s what this drop means for miners, enthusiasts, and the broader Pi cryptocurrency ecosystem.

    Read also:Binance community vote for Pi Coin listing ends at 86% approval

    Pi Coin mining: What is the base mining rate drop?

    Pi Coin, launched in 2019, allows users—called Pioneers—to mine cryptocurrency on their smartphones without energy-intensive hardware. The base mining rate, which determines how much Pi each user earns per hour, has decreased to 0.0029 Pi from 0.0047 Pi. This crypto mining adjustment aligns with Pi Network’s history of reducing rates as its user base grows, a mechanism designed to increase scarcity and potentially enhance the coin’s value over time.

    Why did the Pi Coin base mining rate decrease in 2025?

    The Pi cryptocurrency operates on a system where the base mining rate halves at milestones like 1 million or 10 million users, a pattern rooted in its “declining exponential function” introduced in March 2022. With over 60 million Pioneers by early 2025, this latest drop suggests Pi is tightening supply as it nears its one-billion-user goal. The move could be tied to the Open Mainnet launch on February 20, 2025, aiming to stabilise Pi Coin’s market value after its trading debut.

    Impact of Crypto mining rate drop on Pi Coin pioneers

    For Pi Coin miners, the base mining rate drop is a game-changer. At 0.0029 Pi per hour, a Pioneer earns just 0.0696 Pi daily—meaning it would take over 40 years to mine 1,000 Pi without bonuses. Early adopters with large holdings rejoice while new miners face slim rewards, highlighting a divide in the Pi crypto community. Referral bonuses and lockups offer some relief, but the reduced rate tests the commitment of latecomers.

    Pi Cryptocurrency value: Will the base mining rate drop boost prices?

    Pi Coin hit exchanges like OKX and Bitget post-Mainnet, with its price peaking above $2.99 before settling at $1.71 amid volatility. The base mining rate reduction could curb inflation in this cryptocurrency, potentially driving scarcity-driven value growth—some speculate $5-$10 long-term if adoption surges. 

    However, with 10.5 billion Pi in circulation out of a 100 billion cap, the crypto’s utility and ecosystem development remain critical to its success.

    Community reaction to Pi Coin Crypto mining changes

    Sentiment among Pioneers varies widely. On X, early miners celebrate the scarcity boost, viewing it as a win for their Pi cryptocurrency holdings, while newer users decry the effort now required for meager gains. This polarisation reflects a challenge for the Pi Network: maintaining engagement as crypto mining rewards shrink. The drop underscores the tension between rewarding early faith and sustaining a broad, active user base.

    Read also: Coinbase, Onboard Global expand crypto in Nigeria

    The future of Pi Coin: Cryptocurrency scarcity vs. adoption

    Pi’s declining base mining rate aligns with its deflationary design, aiming to create a scarce crypto asset over decades. With 65 percent of its 100 billion supply earmarked for miners, the slow issuance could stabilise value—but only if Pi builds a robust ecosystem. 

    A Binance listing or enhanced decentralised apps could propel this cryptocurrency forward; otherwise, the drop risks alienating users unless real-world utility emerges soon.

    As of March 3, 2025, the Pi Coin base mining rate drop marks a pivotal moment. Adapting to lower rewards through bonuses or patience is key for Pioneers, while the network’s leadership must prove this crypto can thrive beyond hype. Whether this adjustment strengthens Pi’s position in the cryptocurrency market or tests its community’s resolve, the story of Pi Network continues to unfold—one scarce coin at a time.

  • After years of hype, Pi coin’s price plummets within 24 hours of launch

    After years of hype, Pi coin’s price plummets within 24 hours of launch

    Pi Coin’s highly anticipated launch has quickly turned into a rollercoaster ride, as the cryptocurrency’s price crashed dramatically within just 24 hours of going live. After years of promises, delays, and growing expectations, the digital asset saw its value plummet from $2 to $0.80, a 60 percent decrease that has raised questions about its future stability.

    Thursday marked a historic milestone in the cryptocurrency world as Pi Coin, the innovative mobile-mined digital currency, officially launched its Open Mainnet at 8:00 a.m. UTC (9:00 a.m. WAT). After years of anticipation, development, and multiple delays, the Pi Network has transitioned from an enclosed ecosystem to a fully operational blockchain, enabling millions of “Pioneers” worldwide to trade, transfer, and use their Pi coins in real-world applications. 

    However, the launch has been accompanied by significant price volatility, with CoinGecko reporting a drop from $2 to $0.8 within hours, reflecting the dynamic challenges and opportunities facing this groundbreaking cryptocurrency.

    Read also: South African fintech 6DOT50 partners with 1,400+ car dealerships to enable crypto payments

    The journey to launch

    Founded in 2019 by Stanford graduates Dr. Nicolas Kokkalis and Dr Chengdiao Fan, Pi Network aimed to democratise cryptocurrency by making mining accessible via smartphones. Unlike Bitcoin, which demands energy-intensive hardware, Pi allows users to mine coins by tapping a button on the Pi Network app every 24 hours. This unique approach has built a massive global community, with over 19 million Pioneers completing Know Your Customer (KYC) verification and more than 10 million migrating their coins to the Mainnet by the January 31, 2025, deadline.

    The road to this launch was not without hurdles. Initially planned for earlier dates, the Open Mainnet was postponed multiple times—from December 31, 2024, to February 20, 2025—to ensure extensive KYC verifications and the development of at least 100 ecosystem applications. Meeting the target of 10 million migrated users was a critical prerequisite, reflecting the network’s commitment to a robust and secure launch.

    What Pi launch means

    The Open Mainnet launch represents a monumental shift for Pi Coin. During its “enclosed” phase, transactions within the Pi ecosystem were previously limited to the firewall. The removal of the firewall now allows Pi to interface with external blockchain systems. Pioneers can engage in transactions beyond the network, trade on exchanges like OKX, Bitget, and CoinDCX, and leverage a growing suite of decentralised applications (dApps). Speculation is rife that Binance may list Pi following a community poll that concluded on February 27, 2025.

    Technologically, Pi Network boasts a blockchain that processes transactions 120 times faster than Bitcoin, with a 5-second block time compared to Bitcoin’s 10 minutes. At launch, only 1 billion of the 6.1 billion mined Pi tokens are immediately tradable, with the remainder locked in users’ wallets for months or years to control supply and stabilise value—a strategy tested by today’s market dynamics.

    Pi price volatility: From $2 to $0.8

    The market response to Pi Coin’s launch has been marked by significant volatility. According to CoinGecko, Pi Coin opened trading at $2 but plummeted to $0.8 within the first few hours, a 60 percent decrease. This rapid decline reflects the typical behaviour of newly launched cryptocurrencies, where early adopters sell their holdings to realise profits, exerting downward pressure on the price. The selling pressure was evident despite the limited tradable supply of 1 billion tokens, suggesting a rush among early miners to cash out.

    Before the official launch, Pi Coin’s IOUs (I Owe You tokens) on exchanges like HTX showed different volatility patterns, surging from $49 to $92—an 80 percent spike—after the February 12 confirmation, only to drop later. The CoinGecko data post-launch, however, paints a stark picture of the real-time market adjustment, with the $2 to $0.8 drop highlighting the discrepancy between pre-launch speculation and post-launch reality. This volatility, while concerning, is not uncommon for new digital assets navigating initial supply and demand dynamics.

    Pi Coin’s launch offers a promising opportunity to enhance digital inclusion in regions like Nigeria and Africa. Its mobile-first approach aligns with high smartphone penetration, potentially fostering financial empowerment for millions. The ecosystem already features approximately 80 community-built applications—like Map of Pi and 1pi Mall—with more in development, laying the groundwork for broader utility.

    However, the risks are significant. The rapid price drop has fueled concerns about stability and long-term value, compounded by the absence of a clear use case beyond mining rewards. Scepticism persists from years of delays, with some labelling Pi a “scam” or Ponzi scheme, though the network’s transparency with KYC and community-driven model counters such claims. While aimed at controlling supply, the locked token strategy could lead to future volatility as tokens are released, posing additional challenges.

    Read also: Busha launches cNGN: Nigeria’s private-sector stablecoin for fast cross-border transactions

    Market reactions and analyst perspectives

    Analysts are divided on Pi Coin’s trajectory. Some see the potential for stabilisation as initial selling subsides and adoption grows, buoyed by the large user base and ecosystem development. A higher-level recovery—potentially $100 as speculated pre-launch—could occur if momentum persists. Others warn of further declines if utility or regulatory issues falter, with a break below $0.8 possibly testing lower support levels. The 60 percent drop from $2 to $0.8 underscores the speculative nature of the market, with success hinging on real-world application and regulatory collaboration.

    Pi Coin’s launch is not the end but the beginning of its journey to prove its worth in a competitive crypto landscape. Adoption and utility will be key, with the network’s growing ecosystem and technical advantages providing a foundation for optimism. Collaboration with regulators and financial bodies will be critical to ensure sustainability and legitimacy, particularly in markets like Africa, where digital infrastructure is a priority.

    The global crypto community watches closely as Pi Coin navigates its first day in the open market. Whether it stabilises after the initial $2 to $0.8 drop or faces further turbulence, today’s launch marks a bold step forward for the Pi Network. The challenge is translating its massive user base and innovative model into lasting value, proving that mobile-mined cryptocurrency can redefine the digital economy.

  • How to keep your Pi safe: Wallet tips and scam prevention

    How to keep your Pi safe: Wallet tips and scam prevention

    The Pi Network, launched in 2019 by Stanford PhD graduates Nicolas Kokkalis and Chengdiao Fan, is an innovative approach to cryptocurrency. Unlike traditional crypto like Bitcoin, which requires significant computing power, Pi allows users to mine coins on their smartphones with minimal effort.

    This accessibility was designed to democratise crypto, bringing it to everyday users. Pi uses a unique consensus mechanism, aiming for an eco-friendly and inclusive ecosystem. Pi is in its pre-mainnet phase, with no official trading or exchange yet authorised.

    Read also: $TRUMP Crypto coin’s meteoric rise: 300% gain in hours electrifies investors

    Pi wallet: your digital key to Pi

    The Pi wallet is integral to the Pi Network, serving as your Pi coins’ storage and management system. To access your Pi, you need a seed phrase – a 24-word password akin to your master key. This phrase is crucial, as it’s the only way to recover your wallet if you lose access. Protecting this seed phrase is paramount, as it’s your digital signature to all the Pi you’ve mined.

    Pi’s current value and market dynamics

    Pi isn’t officially listed on major crypto exchanges, but IOU markets have emerged where Pi is speculated to trade. Prices can fluctuate wildly, with some IOUs reaching highs of $330.65 last year, while currently, they hover around $40 to $50. This speculative market underscores the need for caution, as these values do not reflect Pi’s official worth or the network’s actual market cap.

    Real-world use of Pi

    Despite not being fully launched, Pi has seen grassroots adoption for transactions. Some merchants in countries like South Korea, Vietnam, Turkey, and Nigeria accept Pi as payment, facilitated by Pi’s peer-to-peer marketplace within its app. This early adoption shows Pi’s potential for real-world utility, even in its developmental stage.

    Scams and fraud: Protecting your Pi

    With Pi’s growing popularity, scams have become rampant. Fraudsters often lure users with “free Pi” promises or require you to enter your seed phrase to unlock or migrate your coins. Never share your seed phrase; it’s your crypto’s password. Sharing it with anyone or entering it on any website other than your official Pi wallet interface is akin to handing over your bank details.

    Beware of offers that seem too good to be true, like free Pi with no strings attached, as these are likely traps designed to steal your cryptocurrency. Doing your research is crucial since Pi Network hasn’t officially launched its open manner yet. Any site claiming to enable Pi transactions or offering to sell Pi should be approached with scepticism.

    Unofficial trading of Pi occurs at different rates around the world, from local meetups to online platforms, which can lead to fraud, especially in transactions that are not transparent or secured.

    Read also: Binance customer fund deposits hit $21.6 billion in 2024: Report

    Protecting your investment

    You should use strong passwords alongside your seed phrase to safeguard your Pi. If available, enable two-factor authentication for an additional layer of security. Educate yourself about the platform’s official communications; Pi Network’s official channels will never ask for your seed phrase.

    Pi’s journey from a novel idea to a burgeoning crypto network is exciting and challenging. While the promise of Pi lies in its user-friendly approach to mining and potential for widespread adoption, the crypto landscape is also riddled with scams and fraud.

    By protecting your seed phrase and being cautious of where and how you engage with Pi, you can enjoy the benefits of this emerging cryptocurrency while keeping your digital assets secure. Remember, in the world of Pi, caution is your best friend.

  • Vietnam examines the legality of Pi Network

    Vietnam examines the legality of Pi Network

    The Vietnamese government is looking into the famous Pi Network, which is where the Pi Coin is kept. 

    The Pi Network is a crypto network that rewards mining. It has become more popular in Nigeria and other places because it makes it easy to mine and make tokens.

    But the government in Vietnam isn’t having any of that, and this has once again brought up questions about whether or not the Pi Network is legal and possibly useful.

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    Vietnam’s issues with the Pi Network

    Vietnam’s Department of Cybersecurity and High-Tech Crime Prevention started looking into Pi, and the head of the department, Le Xuan Minh, said that the Pi Network model is “extremely complex and unmanaged.”

    There is no other online business action that can bring in as much money. According to what local media say,

    Also, he warned that cryptocurrency promoters have lured people into “business models resembling multi-marketing models” and that the crypto network lacks the necessary level of transparency for a blockchain project. Also, it may be “used for nefarious purposes like fraud or data collection.”

    The Vietnamese government’s study is part of a larger trend of governments around the world trying to figure out how to regulate and keep an eye on cryptocurrencies as their use continues to grow.

    As the probe continues, the Pi Network, which is said to have gained a lot of popularity and has a lot of users in Vietnam, will be looked at closely.

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    The Network Pi

    Pi Network is a digital currency project that was made by a group of Stanford University grads in March of 2019. The website for the Pi Network says that it has 47 million “engaged members.” It also says that it has a core team of 35 people in Silicon Valley and around the world.

    The Pi coin’s creators say that it is the first cryptocurrency that can be completely mined on a cell phone. You only need to download the Pi network app and get an invitation code from a trusted person who is already part of the network.

    Because the PI tokens can be “mined” on a mobile phone, negating the costs of purchasing expensive crypto-mining hardware, the Pi Network and its coin grew in popularity and acceptance thanks to this simple process, especially in Africa and Asia.

    In 2022, many users will receive Know Your Customer (KYC) features. They can now transmit, receive, and deal with their mined Pi currencies on the mainnet. Despite being unlisted on crypto exchanges, several “vendors” buy and sell Pi tokens on the confined mainnet.

    However, Pi Network still has controversy. Is it a blockchain network or a pyramid scheme?

    Still, the trustworthiness of the network’s founders is one thing that gives Pi Network supporters peace of mind. The other co-founder, Dr. Chengdiao Fan, is also a professor at Stanford and has a Ph.D. in Anthropological Sciences. Dr. Nicolas Kokkalis has a Ph.D. from Stanford and taught the first class on decentralised apps at Stanford.

    The Pi Network seems like a great way for the average person to potentially make some extra money because all you have to do is click a button once a day to earn free tokens that a “vendor” could purchase from you for a reasonable price.

    At the end of 2022, there were false rumors that Huobi Global had listed Pi Coin. This was later proven false, and the Pi Network team had to explain that this was an illegal listing. The group put up a sign:

    “Pi is currently in the Enclosed Network and has not been approved by the Pi Network for listing on any exchange or trading.”

    As of today, no exchange has offered Pi coins. Before the end of the year, hopefully, there will be important changes that clear things up.