Pi Network’s Next Chapter Starts Now

Altcoins

The crypto market is entering yet another period of innovation, and Pi Network is making a bold move that could redefine its place in the industry.

With the long-awaited Open Mainnet now live, the project is stepping into uncharted territory – and the next few months may determine whether it truly becomes the breakthrough many have been expecting.

From a Mobile Experiment to a Global Player

Launched in 2019, Pi Network set out to make crypto mining as simple as tapping a phone screen. Instead of costly rigs and high electricity bills, users – known as “Pioneers” – have been able to accumulate Pi tokens through a lightweight app, fostering a community of tens of millions across the globe.

This grassroots growth has been its greatest strength, positioning Pi as one of the most widely used blockchain experiments before even hitting full mainnet status.

The Leap to Open Mainnet

February 20, 2025, marked a turning point: Pi transitioned from a closed environment to an open, fully connected mainnet. This wasn’t just a technical milestone – it was the moment Pi could start functioning as a true, tradable digital asset. The new infrastructure opens up:

Tradable Pi Tokens – Users can now hold, trade, and use their mined coins in real-world transactions.
Smart Contract Support – Developers can build dApps spanning DeFi, e-commerce, gaming, and more.
Efficient Consensus – By adopting a variant of Stellar’s consensus protocol, Pi maintains quick, low-energy transactions, staying eco-friendly while scaling.

The Balancing Act: Migration, Unlocks, and Market Reaction

So far, over 12 million accounts have migrated to mainnet, with regular waves planned. But one big variable looms: 276 million PI tokens – around 3.5% of the circulating supply – are set to unlock by August 2025. While migration boosts usability, large unlock events can flood the market, historically pushing prices down. During previous unlocks, Pi saw a 34% drop within two months.

At the time of writing, Pi trades at $0.3915, up 8.31% in the past week but down 2.17% in market cap over the last day. Technical charts show the price consolidating after a period of volatility, with the RSI hovering between neutral and oversold zones – suggesting a potential move in either direction.

Exchange Listing Rumors Fuel Speculation

Currently, Pi is available on select secondary markets like Bitget, which holds reserves of roughly $139.9 million. However, it hasn’t secured listings on giants like Binance or Coinbase. Rumors of a Binance debut resurfaced in July after a wallet tied to the exchange’s Stellar network moved PI. Even whispers of a listing have previously pushed prices up double digits – though the risk of rejection remains due to regulatory concerns.

Whales Stir the Waters

One major wallet has been steadily accumulating PI, amassing 351 million tokens since April and becoming the sixth-largest holder. Exchange reserves fell 5% in August as large investors moved holdings off-platform, reducing immediate sell pressure. While this can help price stability, the flip side is clear – if whales decide to sell, it could trigger sharp downturns, as witnessed in May’s 70% crash.

Technical Outlook: RSI and MACD Signal Caution

Pi’s short-term technicals reveal a market in wait-and-see mode. The RSI is currently around 38.4, dipping toward the oversold threshold but still within neutral territory. This suggests selling pressure has been present, yet there’s room for a rebound if buying momentum returns.

The MACD shows a marginally positive histogram with the signal line hovering near the zero mark, indicating weak bullish momentum that could easily flip if sellers regain control. A decisive MACD crossover above zero would be an early sign of renewed strength, while a drop below could confirm a bearish continuation.

Combined, these indicators point to a consolidation phase where upcoming catalysts — such as the August token unlock or a potential exchange listing — could decide the next big move.

Can Pi Deliver on Its Vision?

Pi’s promise lies in its ability to bridge crypto’s accessibility gap. Its community-first approach, mobile mining model, and expanding real-world use cases – like the PiChain Mall – set it apart. But the next chapter will require more than user enthusiasm. The network needs developer adoption, ecosystem growth, and careful handling of supply to avoid destabilizing its market.

If Pi can pair a major exchange listing or a killer app with its massive user base, breaking above the $0.78 resistance could be realistic. Failure to manage unlocks or attract sustained demand, however, risks a slide back toward $0.34 support.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Author

Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.