Pi Network is attracting attention as a new blockchain project that allows users to easily mine cryptocurrency on their smartphones. Unlike traditional cryptocurrencies, this project does not require expensive mining rigs and offers a mechanism where users can earn coins simply by opening the app daily.

Features and Purpose of Pi Network

Founded in 2019 by Stanford University graduates, Pi Network aims for a fair digital currency system. Users can mine for free and conduct transactions or use apps within the ecosystem through the Pi Browser. Furthermore, the KYC (Know Your Customer) process ensures security and fairness.

Challenges After Mainnet Launch

The long-awaited mainnet was launched on February 20, 2025, but this event caused significant price volatility. The Pi token recorded a sharp drop of approximately 50% immediately after the launch, raising concerns about liquidity issues and selling pressure. For example, the vulnerability of the market structure has been highlighted, as large-scale transactions can significantly impact the price.

Liquidity Issues and Market Impact

Currently, Pi tokens are available for trading on some exchanges like OKX and Bitget, but listing on major exchanges such as Binance and Coinbase is undecided, leading to a lack of overall market liquidity. Unless this situation is resolved, questions remain about long-term price stability.

Potential for Price Recovery

Several factors will influence the potential price recovery of Pi Network. Firstly, if listing on major exchanges like Binance is realized, demand for the token could increase, potentially leading to price recovery. Also, if Bitcoin and other major cryptocurrencies see significant gains across the overall market, the Pi token will likely benefit from that.

Market Cap and Supply

Currently, Pi Network has a circulating supply of approximately 6.3 billion tokens and a market cap of 6.1 billion dollars. Calculating from this supply and market cap, the current token price is approximately 0.7 dollars. This value may fluctuate depending on overall market growth and improvements in liquidity.

Summary: Expectations and Challenges for the Future

Pi Network has garnered significant attention due to its uniqueness and convenience. However, it also faces many challenges, such as liquidity shortages and market structure vulnerabilities. If listing on major exchanges and overall market growth progress in the future, price recovery and further growth can be expected.

It is important for investors and users to monitor market trends while reviewing their asset management strategies. Let’s keep an eye on how Pi Network develops and overcomes the challenges of liquidity and adoption rate.