With a thriving community of over 60 million, Pi Coin’s strength lies in its collective resilience and market endurance
By S.M. Inam
KARACHI: Pi Coin has taken the cryptocurrency market by storm, surging 293% in value since the launch of its Open Mainnet on February 20, 2025. The digital currency’s dramatic rise has eclipsed even major players like Bitcoin, Ethereum, and Dogecoin, fueling speculation about its long-term potential.
The excitement stems largely from the long-awaited transition to an open network, a move that finally allows users to transfer Pi Coin beyond its ecosystem. This milestone has triggered a wave of optimism, sending trading volumes soaring as investors rush to capitalize on the newfound liquidity. Pi Coin’s listings on prominent exchanges, including OKX, Bitget, and CoinDCX, have further propelled its rapid ascent, making it more accessible to a global market.
Yet beyond the market frenzy, Pi Coin’s rise is also a testament to the strength of its community. With over 60 million users worldwide, the Pi Network has built an unwavering following, driven by the promise of a decentralized financial future. Its supporters believe that Pi Coin’s controlled token supply—where a significant portion remains locked—has played a critical role in its price appreciation, creating scarcity that fuels demand.
Despite early volatility, which saw the coin briefly dip below $1 after its mainnet launch, Pi Coin has rebounded sharply. As of the latest market data, it stands at $2.95, with a staggering 24-hour trading volume of $232.4 million. This momentum has led to bold predictions, with some analysts suggesting the coin could surpass $500 by 2030 if it evolves into a widely used digital currency with real-world applications.
But for all the enthusiasm, skepticism remains. Anish Jain, CEO and founder of W Chain, describes Pi Coin as an intriguing yet highly speculative asset. He warns that its future hinges not just on hype but on tangible adoption and the functionality of its network. Critics argue that while the rapid price surge is impressive, the real test will be whether Pi Coin can sustain its relevance beyond speculative trading.
As Pi Network enters this crucial phase, its fate now rests on whether it can transform excitement into lasting utility. The coming months will determine whether Pi Coin is a genuine disruptor in the crypto space or just another fleeting phenomenon.
