Thu Feb 20 12:11:31 UTC 2025: ## Pi Network’s Mainnet Launch Overshadowed by Price Plunge
**MUMBAI, INDIA** – The highly anticipated launch of Pi Network’s mainnet today at 8 AM UTC (1:30 PM IST) is overshadowed by a dramatic drop in the price of its Pi coin. After recently reaching a high of $92, the coin has plummeted by 55%, currently trading around $30. Analysts warn that the mainnet launch could exacerbate this decline.
The primary concern is a potential flood of Pi coins onto the market. Years of “mining” by early adopters, who acquired tokens at virtually no cost, could lead to a mass sell-off once the mainnet allows for real-world transactions. This surge in supply, without a corresponding increase in demand, could drive prices significantly lower.
Adding to the concern, Pi’s recent price action shows signs of weakness. The coin broke below crucial support levels, and technical indicators suggest it was overbought before the recent decline, historically a precursor to further price drops. The fact that Pi was distributed via an airdrop—a method often associated with post-launch sell-offs—further fuels the bearish outlook.
Analysts identify three key risks: a mass sell-off by early adopters, the historical tendency of airdrop tokens to plummet after launch, and the current technical weakness and market uncertainty surrounding Pi. A break below the $30 mark could trigger a further decline, potentially to as low as $17, according to some analysts. The coming days will be critical in determining whether Pi stabilizes or faces a more significant crash. Investors who have held onto Pi are anxiously awaiting the market’s reaction to the mainnet launch.
First Piper 