Introduction to Pi Network

Pi Network was launched by the Stanford University team in 2019, dedicated to building a more inclusive, energy-efficient decentralized cryptocurrency network. Unlike traditional Proof of Work (PoW) mechanisms, Pi Network adopts the Stellar Consensus Protocol (SCP) to achieve transaction verification with lower computational resource requirements, allowing users to mine Pi coins conveniently through mobile devices, reducing the technical barriers and hardware costs of blockchain mining.

After multiple stages of development, Pi Network officially transitioned to the open Mainnet on February 20, 2025, marking its move from the test version and closed Mainnet to a fully open blockchain ecosystem. In the future, with more support from mainstream exchanges and further implementation of ecosystem applications, Pi Network is expected to play an important role in the Web3 field, promoting the widespread adoption and real-world applications of cryptocurrencies.

Pi Network project identifier (Image source:https://minepi.com/）

Related links:

Official website entrance:https://minepi.com/

X (Twitter):https://x.com/PiCoreTeam

Medium:https://pinetwork-official.medium.com/

Telegram：https://t.me/PiAnnouncements

App download: 1.https://apps.apple.com/us/app/pi-network/id1445472541(Ios)

2.https://apps.apple.com/us/app/pi-network/id1445472541(Google Play)

Blockexplorer: https://blockexplorer.minepi.com/Mainnet/

Trading Entrance:https://www.gate.io/en/trade/PI_USDT

Pi Network Unique Advantages

Mobile Mining

Pi Network adopts a unique mobile mining mechanism, allowing users to mine Pi tokens for free using their phones. This innovative model not only reduces hardware costs and technical barriers but also decreases energy consumption, making it easier for more ordinary users to participate in the cryptocurrency ecosystem. Its goal is to promote the decentralization of finance (DeFi) globally, making the acquisition of digital currency more equitable and sustainable.

Global layout

The core team of Pi Network is composed of professionals from Silicon Valley, the United States, Europe, and Asia, with deep backgrounds in blockchain technology research and development and experience in the Internet industry. The team continues to drive the development of the Pi ecosystem, including technical infrastructure construction, expansion of application scenarios, and user growth strategies, enabling Pi Network to better adapt to the needs of different markets and expand its influence in the Web3 field.

Trusted Identity Verification

On a technical level, the Pi Network project combines decentralized identity verification (KYC) solutions, utilizing crowd-scaled KYC technology to enhance the security and efficiency of user identity authentication. This approach not only safeguards user privacy but also improves network compliance, providing a more secure and trustworthy identity verification service for the Web3 ecosystem, laying a solid foundation for the future implementation of blockchain applications.

Pi Network adopts an innovative KYC trusted identity verification scheme (Image source:https://x.com/PiCoreTeam/status/1881118244796280906)

Changes in the number of $PI holders

According to HolderScanAccording to the latest statistics, as of 1:00 on February 22, 2025 (UTC+0), the total number of Pi Coin holders is 16,461, and recent holdings data show a continued downward trend, reflecting the release of market liquidity and investment confidence. Specifically:

Within 7 days, the number of holders decreased by 1,392, a decrease of 7.80%, indicating that the Pi market is undergoing a more obvious position adjustment since its launch; Within 12 hours, the number of holders decreased by 69, a decrease of only about 0.42%. The scale of the latest loss is relatively small, indicating that the market sentiment in the later stage has gradually stabilized. Short-term traders may be adjusting their positions or testing liquidity conditions.

With the launch of the Pi Network Mainnet, some early holders may transfer their assets to exchange hot wallets, reducing the number of on-chain holders, leading to a downward trend in holder data. In the short term, the market is in a price discovery phase, and investors should closely monitor exchange liquidity, ecosystem development progress, and changes in market confidence. If there are positive news in the future, it may drive the number of holders to stabilize or even rebound.

Pi Coin holder count change (Image source: https://holderscan.com/)

From the latest Pi Coin spot market data, the current $PI trading is mainly concentrated on Gate.io, Bitget, and OKX, accounting for the majority of the liquidity share. Among them, Gate.io continues to dominate the $PI spot market, with a 24-hour trading volume of $169 million, reaching a market share of 44.13%. In addition, its +2% depth ($426,928) and -2% depth ($264,127) are both the highest in the market, indicating that the exchange has the strongest market acceptance and relatively ample liquidity, while other trading pairs such as MEXC and OKX have a relatively small market share. Investors are advised to pay attention to the trading depth and market stability in order to choose a suitable trading platform for trading and protect the safety of their funds.

Pi Coin spot market data (Image source:https://www.coingecko.com/en/coins/pi-network）

The latest price trend of $Pi

Since its launch on February 20th, the price of Pi Coin has experienced drastic fluctuations, with optimism quickly turning into selling pressure from the opening high, leading to a period of consolidation and oscillation in a short period of time, highlighting the high uncertainty among investors regarding the recent value of Pi Coin.

In the early stages of the launch, the price reached a high of 1.99 US dollars, and then quickly fell below 1.0 US dollars. This may be due to the speculative demand release in the market after the Mainnet launch, with some early holders choosing to cash out profits. After hitting a low of 0.75 US dollars, the Pi Coin price temporarily stabilized, entering a low-level oscillation range, indicating that the market is looking for new price support, and some investors may choose to accumulate positions at the low level.

As of February 22, 2025 (UTC+0), the latest price of Pi Coin is $0.86, with a fully circulating market value of $868 billion, which has not yet broken through the psychological resistance level of $1.0, and the trading volume has significantly decreased compared to the 20th, indicating that the market is still in a wait-and-see state in the short term.

02/22 Pi Coin latest price trend (Image source: https://coinmarketcap.com/currencies/pi/)

$Pi Risk Warning

Although Pi Network has attracted a large number of users worldwide in recent years and has successfully landed on multiple mainstream exchanges, its operating model still faces certain compliance controversies in some jurisdictions. Currently, some countries have not made clear regulations on the legal status of Pi Network and its token $PI. Investors should fully understand local laws and regulations before trading Pi Coin to avoid potential compliance risks.

In addition, there have been cases of scams using Pi coin in the market, where some criminals disguise themselves in the name of Pi Network, promising high returns to attract investors to participate in illegal financial schemes. It is recommended that investors remain highly vigilant, avoiding involvement in unverified investment scams, especially for projects claiming that “Pi prices are about to skyrocket” or offering “super high returns,” please carefully verify their authenticity to avoid economic losses due to credulity.

Conclusion

Pi Network, with its innovative mobile mining model and global layout, has withstood the initial market test after the Mainnet launch. Despite the short-term price volatility of $PI and a decrease in the number of holders, the potential for blockchain ecosystem and decentralized finance development is still worth looking forward to. Investors should closely monitor market dynamics and regulatory risks, maintain rationality, and formulate a sound investment strategy to embrace this innovative opportunity.