Image this: 60 million folks worldwide, together with tons of us in India, are ready for Pi Community’s Open Mainnet to drop on February 20, 2025. Earlier than the launch, “IOU” tokens had been buying and selling on-line for $50, even spiking to $300, like some crypto lottery dream. However now, barely per week later, the true Pi Coin value is sitting at $2 or ₹180 for us. What occurred to the hype?
Why’s Pi Caught at $2–$3?
So, why isn’t Pi at $300—and even $50? Right here’s the news:
- Too Many Cash, Not Sufficient Consumers:
Billions of pre-mined Pi flooded the market. With a 100 billion whole provide cap, the 6 billion out now kill any shortage vibes. Everybody bought them free; all we needed to do was faucet as soon as a day within the app.
Heavyweights like Binance haven’t listed Pi but. They may make neighborhood votes however not listing the tokens. Bybit began a beef with the community; had the trade not been hacked, the drama would have intensified.
- It’s Not Helpful (But):
Pi’s bought 100+ apps prepared and occasions like PiFest 2024, however you possibly can’t precisely purchase chai with it but. It’s nonetheless extra hype than assist.
Costs swung 80%, and billions traded every day earlier than settling at $2–$3.
These IOU costs? Whole fantasy. Actual Pi Coin’s taking part in by supply-and-demand guidelines now, not daydreams.
Pi Coin 101 for Merchants: The Newest
Alright, let’s break it down as of March 1, 2025:
What’s the Pi coin value?
As per information from CoinMarketCap, the Pi coin value is $2.08 on OKX, MEXC, HTX, and Bitget, the buying and selling exchanges for Pi coin.
What Is Pi Coin Value in India?
At $1.8 to $2.2, the Pi coin value is ₹157 to ₹192 in India, contemplating the greenback to INR trade at ₹87.5.
The place are you able to commerce Pi coin?
OKX, Bitget, HTX, and Gate.io have it, however regional regulation can cease customers from buying and selling.
Is It Authorized to Use Pi Coin in India?
Sure, buying and selling and holding crypto is authorized, with a 30% tax on income and 1% TDS on transactions. Nevertheless, customers should use FIU-registered exchanges to conform totally. Unregistered platforms like HTX and Gate.io aren’t lawful choices with out clarification of their standing.
From IOU Goals to Mainnet Actuality
Earlier than the massive day, Pi IOUs had been simply placeholders, not actual cash. Folks traded them like Pokémon playing cards, with costs hitting $50–$300 based mostly on pure vibes, not worth. Then, increase—February 20, 8:00 AM UTC, the Open Mainnet launched. In line with coinmarketcap, Pi Coin hit exchanges like OKX, Bitget, HTX, and Gate.io, kicking off at $2.29 with a wild $1 billion in buying and selling quantity. Some fast math (about 6 billion tokens migrated) steered a $12–$14 billion market cap. Insane, proper?
However the place is the hype now? The place is the keenness of pioneers?
Early miners who bought Pi at no cost began dumping it quick. X posts had been like, “Pi coin launched, and it’s a sell-off frenzy!” The value tanked to $0.737 in days earlier than chilling round $1.60–$2. It’s the traditional crypto rollercoaster—large desires, greater actuality checks.
The GCV Fiasco
Whereas many are struggling to fill the hole between IOU cash and Actual ones, The GCV group that boosted the worth of $314159 are nonetheless unwavering from their robust faiths, they proceed to imagine pi might be really this excessive in close to future.
What’s Subsequent for Pi
Pi’s $2–$3 value exhibits a market figuring itself out after a provide dump and restricted attain. For us in India, VPNs and apps are how we’re leaping on HTX and Gate.io, however it’s a big gamble. Safer bets like Binance or Indian exchanges might change the sport if Pi lands there. Wanting forward, some say $5–$10 by year-end if adoption kicks in; in Indian foreign money, that value is roughly ₹500 to ₹1000. Not many can keep away from tempting provide…
Others suppose it’ll flop if it stays ineffective. Are you buying and selling Pi coin or ready it out? This crypto story’s simply getting began—and I’m stoked to be protecting it.
Additionally Learn: 5 Key Facts About Pi Network and Pi Coin You Should Know
