$PI Pi Network officially launched Open Mainnet on February 20, 2025, achieving external connections and trading support. It was subsequently listed for trading on several exchanges, such as OKX, Bitget, and Gate.

Initial listing price: surged from $0.049 to a peak of around $3.
Current price: approximately $0.20 - $0.21 (may vary slightly across different platforms).
This means that it has dropped over 93% from its listing peak, and the current price is far below the initial listing level.
Will it drop below the initial issuance price of 0.049?
The price has significantly dropped from the beginning until now, fluctuating in the range of $0.19-$0.28, with a recent low reaching $0.15-$0.17.
Will it continue to drop lower in the future?
In the short term, market sentiment is bearish, and many predictions suggest it may further decline to $0.1-$0.03 (or even lower), for reasons including:
Tokens accumulated through large-scale mining are gradually being unlocked, creating significant supply pressure.
The overall cryptocurrency market is sluggish, with insufficient liquidity.
Limited trading depth due to not listing on more exchanges.
In the long term, if ecological applications are implemented and actual utility improves (such as dApps and payment scenarios), there is a possibility of price rebound, but currently, most technical indicators and forecasts are leaning towards a bear market.