Pi Network Officially Listed on OKX – Price Fluctuations and Forecast

Pi Network has officially been listed on the OKX exchange as of February 20, 2025, marking a significant milestone after more than six years of development. This event has been eagerly anticipated by millions of Pioneers worldwide, opening up real trading opportunities for the PI token. However, within the first 24 hours, the price of PI experienced significant fluctuations, soaring from $2 to a peak of nearly $3.5, before plummeting to around $0.7 – $0.8 on February 21. What caused these fluctuations? What are the prospects for Pi Network following this listing? Let’s analyze in detail below.

Overview of the Listing Event

Pi Network is a cryptocurrency project introduced in 2019, allowing users to mine for free through a mobile app without requiring specialized mining equipment like Bitcoin. After years of skepticism regarding its ability to list on exchanges, Pi was finally officially listed on OKX on February 20, 2025.

This listing marks Pi Network’s transition from a testing phase to becoming a publicly tradable cryptocurrency. With a community of tens of millions of users globally, including millions of Pioneers in Vietnam, this is considered one of the most important events for the project.

Starting Price

When the PI/USDT trading pair officially opened on OKX at 3:00 PM (Vietnam time), the starting price of PI was recorded at $2/PI, equivalent to about 50,000 VND (based on an exchange rate of approximately 25,000 VND per USD).

Daily Peak

Just hours after listing, the price of PI surged to $3.5/PI (~90,000 VND). This was the highest level achieved by PI on its first trading day, reflecting strong enthusiasm and demand from the community.

Price Drop Due to Selling Pressure

Immediately after reaching its peak, the price of PI began to decline sharply and closed on February 20 at $1.5/PI (~38,000 VND). The main reason was that a large number of Pioneers who had held PI for a long time took the opportunity to secure profits after waiting for so long.

Latest Price Update on February 21, 2025

By the morning of February 21, 2025, the price of PI continued to plunge.

• At 6:00 AM (Vietnam time), the price of PI had dropped to $0.8 USDT/PI.
• Around 4:00 AM, the price hit a low of $0.6 USDT/PI before slightly recovering to $0.7 – $0.8 USDT/PI (~17,900 VND).

In less than 24 hours since listing, the price of PI had decreased by approximately 60-65% from its starting point of $2.

Trading Volume

Amount of PI Listed

Before listing, over 11.6 million PI tokens were deposited on OKX in preparation for trading. This indicates significant interest from the community as well as expectations regarding the value of PI in the open market.

First Day Trading Volume

On February 20, total trading volume reached tens of millions of USD, reflecting high liquidity. However, by the morning of February 21, trading volume gradually decreased as the price of PI fell, indicating that market sentiment became more cautious.

Market Sentiment

Vietnamese Pioneers Community

Vietnam is one of the countries with a large number of Pi users.

When PI was listed, many expected prices to rise sharply for substantial profits. However, the sharp drop from $3.5 to below $1 raised concerns about the true value of this cryptocurrency.

Expert Opinions

Many cryptocurrency experts noted:

• Significant price fluctuations upon initial listing are normal for crypto projects.
• The long-term value of PI will depend on its ecosystem rather than just initial excitement.
• Without practical applications, PI could be viewed as a speculative asset that may lose value over time.

Significance and Prospects for Pi Network

Significance of Listing

• Increased liquidity: Facilitates easier buying and selling of PI.
• Validation: Demonstrates that Pi Network can become a legitimate cryptocurrency.

Future Prospects

Pi Network has announced over 100 Mainnet-ready applications. However, actual acceptance by businesses and users remains unclear. If it fails to create real utility, PI risks becoming a speculative asset with a declining trend in value.

Comments and Analysis

Achievements

The listing on OKX is a significant milestone that allows PI to enter actual trading phases.

Challenges

• Unstable pricing: The sharp decline on its first trading day could erode user confidence.
• Unclear practical applications: The ecosystem needs to demonstrate real value to attract long-term investors.
• Intense competition: PI faces many established cryptocurrencies in the market.

The listing event on OKX on February 20, 2025 marks an important turning point for Pi Network, opening up real trading opportunities for PI. However, the dramatic price fluctuation from $3.5 down to $0.7 within just 24 hours has sparked considerable debate.

As of February 21, 2025, the latest price for PI fluctuates between $0.7 – $0.8 USDT/PI, indicating that the market is adjusting after an initial frenzy.

In the coming period, Pi Network’s ecosystem will play a crucial role in determining the true value of PI. If Pi Network cannot build practical applications and create real utility, this cryptocurrency may struggle to maintain its market value.