Pi Network's Mainnet Launch Sparks Crypto Frenzy

The launch of Pi Network's mainnet has sparked a wave of excitement, with record-breaking searches, app downloads, and exchange listings. As the countdown to the launch continues, the project has captured the crypto community's attention, pushing it into the spotlight.

The hype surrounding Pi Network is not limited to online searches and exchange listings. Social media platforms have also witnessed a surge in interest, with the project overtaking BNB Chain in follower count and even surpassing Ethereum's official social account. Crypto analyst Kim H Wong highlighted this milestone, noting that Pi Network is racing to the top in follower count among major cryptocurrencies, excluding meme coins. This rapid increase in social media engagement signals strong community backing, which is crucial for the project's long-term success.

In a bold move, Pi Network's community has targeted Elon Musk, hoping to draw his attention to the project. A viral post by Dr. Picoin emphasized Pi's Web3 capabilities, scalability, eco-friendliness, and low fees, directly calling out Musk for endorsement. While Musk has yet to respond, the campaign underscores the community's determination to push Pi Network into mainstream discussions.

With the newly found trader interest in the Pi network, major crypto exchanges are taking notice. OKX, Bitget, HTX, Gate.io, MEXC, and CoinW have already listed Pi Network, with Binance opening a community vote to gauge interest in listing the project. This move could further solidify Pi Network's position in the crypto market.

As Pi Network's mainnet launch approaches, the market is speculating on how Pi Coin will perform once fully tradeable. Historically, new token launches often see excitement followed by a price drop, as seen with PENGU and BLAST, while Hyperliquid managed to sustain strong levels. Currently, Pi Coin's IOU trading activity suggests a price range of $50-$75, with notable buying interest between $50 and $60. This hints at a potential price floor, but whether Pi Coin can hold its value after launch remains uncertain.