March 25, 2025
Price Volatility and Market Performance
Pi Network’s native cryptocurrency, PI, has recently experienced significant price fluctuations. Following its mainnet launch on February 20, 2025, PI started trading above $1 but has since declined by approximately 15%, with some analyses suggesting a potential further downturn. As of March 21, 2025, PI’s price tumbled over 28% since March 20, slipping to a daily low near $0.856. The token has erased nearly all its gains since its February 20 listing, with the decline intensifying after losing the 0.618 retracement near $1.13, a zone that is now a resistance level for the bulls to overcome. Binance+4Blockonomi+4CCN+4CCNBinance
Mainnet Launch and User Migration
Despite the price challenges, Pi Network has made progress in its transition to the Open Network. The team extended the Grace Period to January 31, 2025, preparing for the Open Network launch in the year’s first quarter. As of December 2024, over 14 million users had completed Know Your Customer (KYC) verifications, with more than 9 million successfully migrating to the mainnet. The Open Network aims to allow anyone to join, use the Pi cryptocurrency, build apps, and participate in the ecosystem. CCN+4CryptoPotato+4Coinpedia Fintech News+4Coinpedia Fintech News+1Pi Network+1
Recent Developments and Community Engagement
On March 14, 2025, Pi Network celebrated Pi Day by announcing the Open Network launch and introducing features like the ability to change phone numbers associated with KYC accounts. The PiFest event highlighted the network’s growth and the expanding utility of Pi tokens across various applications. CryptoPotato+3Pi Network+3Binance+3
Looking Ahead
As Pi Network continues its transition to a fully operational Open Network, stakeholders are closely monitoring its market performance, user adoption rates, and the successful implementation of its features. The coming months will be crucial in determining Pi Network’s position within the broader cryptocurrency ecosystem.CCN+1Coinpedia Fintech News+1
