PI Network Price Volatility Rises Amid Open Mainnet and Token Unlock Developments

Pi Network is currently trading within a $0.18–$0.25 range, with analysts monitoring Open Mainnet progress, token unlocks, and listing rumors as potential price drivers according to social media reports.

The token's price surged briefly following the V20.2 upgrade and a listing on Kraken but has since fallen nearly 50%, reaching below $0.175.

The Pi Network ecosystem has announced several updates, including the release of Pi Launchpad MVP, protocol upgrades, KYC Validator rewards, and new features for Mainnet integration according to MEXC reports.

The Open Mainnet transition is a structural shift that enables real-world transactions, external integrations, and a move away from mobile mining. This development could stabilize Pi's price and drive long-term utility by supporting payments, decentralized apps, and marketplace integrations. However, the project still faces mechanical risks from token unlocks scheduled in March, which could put downward pressure on the price if early miners dump their holdings.

Token unlock schedules indicate that tens of millions of Pi tokens will enter circulation in March, testing the $0.18–$0.20 support zone. Analysts highlight this area as structurally important, and any significant sell-offs could threaten broader price stability. Listing rumors and speculative trading are also amplifying price swings, as seen in the recent sharp decline following the V20.2 upgrade.

What Impact Will Open Mainnet Have on Pi's Price?

Open Mainnet introduces the potential for real-world utility, such as payments and dapps, which could drive demand for Pi. This transition marks a move away from the mobile mining model and into a more functional ecosystem. Analysts suggest that if Mainnet adoption stabilizes and unlocks are absorbed without major liquidations, the price could grind higher toward a $0.30–$0.50 range in the coming quarters.

However, the project must also navigate the risk of token dilution. If the supply hits the market aggressively, it could lead to downward pressure and expose the $0.18–$0.20 support level to potential sell-offs.

Can Pi Be Used as Collateral for Loans or Mortgages?

Discussions on social media suggest potential future use cases for Pi, such as using it as collateral for loans or mortgages. These features would transform Pi from a store of value into a liquid financial asset.

Nevertheless, these remain speculative and unverified at this time. There is no official confirmation or release date for such capabilities, and community members have expressed mixed reactions to the idea. While some see this as a significant step forward for Pi's utility, others remain skeptical about the project's progress and real-world adoption.

What Risks Remain for Pi Network in the Short Term?

Pi's price remains highly dependent on its ability to convert its 60 million engaged users into active on-chain participants. If adoption fails to materialize and token unlocks continue to flood the market, the price could fall to $0.14 or lower.

Additionally, the recent price volatility highlights the need for clear regulatory guidance and strong market confidence. Without these, Pi could face further instability as rumors and speculation continue to influence its price.

Baseline models suggest a $0.30–$0.50 price range over the next 3–6 months, with a bull case pushing toward $0.80–$1.00 if the network achieves strong adoption and listings.

Investors should closely monitor token unlock schedules, Open Mainnet developments, and listing rumors to gauge the project's trajectory and manage risk accordingly.