Challenges Emerge for Pi Network Following Its Mainnet Launch

The Pi Network, a long-anticipated player in the cryptocurrency landscape, made headlines with the rollout of its mainnet in 2025 after enduring years of preparation and setbacks. Expectations of consistent price increases from the community were dashed as volatile price movements spurred debate. While it entered the market strongly, the Pi token soon faced a precipitous decline in value, following a period of challenges such as KYC issues and prolonged delays.

Pi Network 2025: New Opportunities Arise?

Tired of persistent delays, the Pi Network community enthusiastically welcomed the launch of the Open Network on February 19, 2025. The PI token became available for trading on major exchanges, including Bitget, OKX, and MEXC. The launch led to a flurry of activity: the team extended KYC deadlines, revitalized the PiFest, and rolled out the .pi domain initiative. March’s Pi Day 2025 further fueled the excitement.

What Happens to the PI Token Now?

Subsequent announcements included the expansion of the Pi Ad Network, which allowed registered apps access to the ecosystem. Despite talk of expanded wallet activations and a potential Binance listing in May, these speculations did not come to fruition. Instead, efforts pivoted towards entrepreneurial funding, with the introduction of a $100 million Pi Network Ventures fund. The summer featured the first mainnet hackathon, Pi2Day festivities, and the launch of Pi App Studio in the AI sector.

Initially, the PI token soared to $2.99 by the end of February, post-listing. However, it failed to maintain this momentum, sliding into a sustained decline. By October, the token plummeted to a low of $0.172, down 95% from its peak. At present, it hovers slightly above $0.20, representing a 92-93% drop from its highest value.

The token saw brief upticks during significant news. It surged past $1.70 amid Binance speculation in May, though these expectations were unsubstantiated, causing further declines. Despite this, the maintenance of $0.20 as a support level suggests potential stability according to some experts.

“Looking at other projects like Sei Network, which rebounded post-launch setbacks with ecosystem investments, Pi Network could follow a similar path,” analysts suggest.

Key takeaways from the Pi Network’s journey thus far include:

• Initial trading of PI tokens on prominent exchanges buoyed short-lived optimism.
• Persistent declines following rumors and unmet expectations remain a core challenge.
• Future focuses hinge on tangible applications and the effectiveness of upcoming investments.

Recovering from its substantial drop remains a priority. Technical advancements and entrepreneurial initiatives are crucial to restoring credibility and investor trust. Focused outcomes, clear communication, and robust real-world applications are pivotal in shaping the project’s destiny moving forward.