Pi Network Coin: New crypto coin crashes over 70% in 24 hours of launch! Experts give a 5-point guide for investors

Pi Network Coin Price Today: The all-new Pi Coin experienced a volatile ride after hitting the cryptocurrency market this week, becoming the first-ever digital currency that can be mined on a phone. After the digital currency's Open Mainnet launch, which went live on February 20, Pi Coin crashed by a massive 71 per cent in terms of value within the first 24 hours of trade on exchanges.

On February 20, when the Pi Coin was launched, its price touched a remarkable all-time high of $2.10. However, on the same day, it crashed by 71 per cent to hit an all-time low of $0.6152. Users compared the fate with US President Donald Trump's all-new $TRUMP meme coin, which spiked over 300 per cent after its launch only to wipe out nearly $10 billion in market value, halving in price.

Also Read: Pi Network Coin Launch: New digital currency hits crypto market! What is it, how to buy Pi Coin & more

Pi Coin Price Today

On February 21, Pi Coin traded at $0.6813, down 66 per cent from the time of launch. The digital currency's market cap stood at $4.46 billion at the time of writing. According to CoinMarketCap data, the total supply of Pi Coin is currently at 9.76 billion, while the maximum supply could react at 100 billion PI. According to the data, the coin's self-reported circulated supply is 6.34 B PI.

"Pi Coin has been making headlines following the much-anticipated Open Mainnet launch on February 20, 2025. Within hours of going live, Pi was listed on major exchanges. But what followed was a rollercoaster—its price surged past $2 initially, only to crash to hit a price value of $0.78 in less than a day," said Sathvik Vishwanath, Co-founder and CEO of Unocoin.

Users can buy, sell, and trade Pi like any other cryptocurrency, with fluctuating prices as the market reacts. With the Mainnet launch, the Pi Network Coin is live and listed on seven major crypto exchange platforms, including OKX, Gate.io, Bitget, and CoinDCX. However, the coin is not yet tradable on Binance.

Also Read: Donald Trump’s new $TRUMP meme coin grips crypto market: What is it? Why is it surging?— EXPLAINED in 5 Points

What is Pi Network Coin?

Pi Coin is the native cryptocurrency of the Pi Network, founded by Stanford PhD graduates Nicolas Kokkalis and Chengdiao Fan. Designed as a mobile-first, mineable cryptocurrency, it enables users to earn rewards without energy-intensive mining. Its use cases include peer-to-peer transactions, merchant payments, and decentralized applications (dApps) within its ecosystem. 

Pi Network is a community of users mining Pi cryptocurrency to use and build the Web3 app ecosystem. The mobile-first crypto-mining project aims to make the currency accessible to users without specialised hardware or technical expertise. The Pi Network is pegged to be the future of social cryptocurrency in Web 3.

How Pi Coin compares with Bitcoin, $TRUMP meme coin

According to crypto data provider CoinGecko, after peaking above $70 within two days of its launch, the US President's $TRUMP coin plunged to around $17. The $MELANIA meme coin, promoted last month by First Lady Melania Trump, initially surged to as high as $13.05 before crashing to around $3.49 hours later.

According to CoinMarketCap data, meme coins' total market cap, at $68.3 billion, is down sharply from a peak in June 2024 of $127.3 billion. The world's largest cryptocurrency, Bitcoin, currently trades at $95,452.69, down almost 12 per cent from its all-time high of $109,114.88.

Should you buy Pi Coin? Experts give a 5-point guide for investors

Investors wonder if they should buy or sell the Pi Coin after the latest price crash. According to crypto market experts, that depends on some critical factors. “Before buying Pi Coin in India, investors must assess key factors to make an informed decision,” said Thangpandi Durai, CEO of Koinpark.
 

1.Price Volatility: According to Vishwanath, volatility is a major concern for Pi Coin. Like any new crypto asset, Pi’s price is highly unpredictable, and early adopters who mined it since 2019 are now selling in bulk, adding to the selling pressure. This means short-term fluctuations are inevitable.

2.Exchange Support: According to the expert, another point to consider is exchange support. While Pi Coin has made it to a few notable platforms, it’s still missing from giants like Binance, limiting its liquidity and global reach. 

Also Read: Bitcoin hits two-month low of $90,957 after investors sell riskier assets on sharp rise in US bond yields

3.Regulatory Clarity: According to Vishwanath, investors should watch closely regulatory uncertainty in India—crypto regulations are still evolving, and any sudden policy changes could impact trading. "Before investing, evaluating the regulatory clarity, liquidity, exchange listings, project roadmap, and tokenomics is crucial," said Thangpandi Durai.

4.Risk appetite: “While its Open Mainnet launch has enabled trading, long-term success depends on ecosystem adoption, governance, security, and real-world utility. Investors should conduct thorough due diligence to determine if Pi Coin aligns with their financial strategy and risk appetite,” said Durai.

5.Revolutionary for digital payments: On the brighter side, Vishwanath said Pi Network’s vision is ambitious. “It aims to revolutionize digital payments by making crypto mining accessible to everyday users via mobile devices without the energy-heavy mining processes of Bitcoin. The network is working toward creating an ecosystem where Pi can be used for transactions, DeFi applications, and more.”

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts, consider individual risk tolerance, and conduct thorough research before making investment decisions, as market conditions can change rapidly, and individual circumstances may vary.