Pritish Bagdi
The Pi Network officially transitioned to its Open Mainnet on February 20, 2025, marking a major milestone from its closed ecosystem to full decentralization. This long-anticipated move has sent shockwaves through the cryptocurrency market, triggering sharp price fluctuations in Pi Coin.
Within hours of the launch, Pi Coin surged to a peak of $1.97, fueled by investor excitement and heightened trading activity. However, the rapid rally was short-lived as the price plunged to $0.737, reflecting the market's volatility. In a surprising rebound, Pi Coin recovered by nearly 80%, stabilizing around $1.29.
The Open Mainnet launch signifies Pi Network’s commitment to decentralization, granting users unrestricted access to peer-to-peer transactions, decentralized applications (dApps), and enhanced blockchain functionalities. This pivotal shift is expected to drive long-term growth while attracting new developers and investors.
Crypto analysts highlight the importance of market caution during such volatile phases but remain optimistic about Pi Coin’s future. As the network matures, many believe Pi could solidify its position among top-performing cryptocurrencies.
Investors are now watching closely to see how the Open Mainnet will shape Pi Network’s evolving ecosystem and its impact on global crypto markets.
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