Pi Network Launches Open Mainnet Amid 8.31% Weekly Gain and 3.5% Token Unlock Looming

Pi Network has officially launched its Open Mainnet, marking a pivotal moment for the cryptocurrency project and positioning it to transition from a mobile-based experiment to a globally functional digital asset. The platform, which was launched in 2019, allowed users to mine Pi tokens using a simple app accessible on mobile devices, enabling a community of tens of millions of “Pioneers” to accumulate Pi without requiring expensive hardware or high electricity costs. This grassroots growth became one of its key strengths, making Pi one of the most widely recognized blockchain initiatives before reaching full mainnet status [1].

The launch of the Open Mainnet on February 20, 2025, marks the moment when Pi can now operate as a fully tradable digital asset. This transition not only represents a technical achievement but also opens up several new functionalities, including the ability to trade Pi tokens, develop decentralized applications (dApps), and execute smart contracts across various sectors like DeFi, e-commerce, and gaming. The network also introduced an energy-efficient consensus mechanism based on a variant of Stellar’s protocol, ensuring scalability without compromising eco-friendliness [1].

As of now, over 12 million accounts have migrated to the mainnet, with more expected in waves. However, the market remains cautious due to the upcoming token unlock event. By August 2025, 276 million Pi tokens—representing about 3.5% of the circulating supply—are set to be unlocked. Historical data shows that previous large unlocks resulted in significant price drops, such as a 34% decline within two months [1]. The current price of Pi stands at $0.3915, with an 8.31% gain in the past week but a slight 2.17% drop in market cap in the last 24 hours. Technical indicators suggest that the market is consolidating, with the RSI near neutral-oversold levels and the MACD showing weak bullish momentum [1].

Speculation about exchange listings has also fueled market activity. While Pi is currently listed on platforms like Bitget, it has yet to secure listings on major exchanges such as Binance or Coinbase. Recent movements in the Stellar network, associated with Binance, have reignited rumors of a potential listing, which has historically led to sharp price increases. However, such listings remain uncertain due to regulatory concerns [1]. Meanwhile, one major wallet has been accumulating Pi tokens, amassing 351 million since April and becoming the sixth-largest holder. This accumulation has coincided with a 5% drop in exchange reserves in August, potentially reducing short-term selling pressure but also raising concerns about future volatility if large holders decide to offload their positions [1].

The technical outlook remains cautious. Pi’s RSI is currently at 38.4, indicating potential for a rebound if buying momentum returns. The MACD remains near zero, signaling weak bullish momentum that could shift quickly in either direction. A decisive crossover above the zero line would suggest renewed strength, while a drop below would signal bearish momentum [1].

Pi Network’s next chapter will depend on its ability to manage token unlocks carefully, attract major exchange listings, and foster ecosystem growth through real-world applications such as the PiChain Mall. If the project can successfully integrate a major exchange listing or develop compelling use cases, a move above the $0.78 resistance level could become feasible. Conversely, failure to control supply dynamics or attract sustained demand may push the price back toward $0.34 [1].

Source:

[1] Pi Network’s Next Chapter Starts Now – And It Could Be a Game-Changer, https://coinmarketcap.com/community/articles/689dd3178bd3b9499f4ce8b5/