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Cryptocurrency News Articles

Pi Network Mainnet Is Now Active and Trading Live

May 28, 2025 at 09:08 am

The Pi Network mainnet may no longer be just a promise—it is now being implemented in real time. One of the world's largest crypto exchanges, OKX

Pi Network Mainnet Is Now Active and Trading Live

The Pi Network mainnet may finally be arriving, leaving behind a long phase of anticipation.

One of the world’s largest crypto exchanges, OKX, has recorded an incredible volume of over 102 million Pi tokens withdrawn in the past 72 hours alone.

This marks a pivotal moment for long-time Pi believers and serves as a wake-up call to the broader crypto market: Pi is no longer notional—it is live, liquid, and actively trading.

On-chain data, highlighted by @MrSpockApe, reveals that exactly 102,776,657.17 Pi tokens have been withdrawn from OKX over the past three days.

Importantly, these are not retail trades or test transfers. They appear to be high-volume movements by early stakeholders or even the Pi Core Team. Some transfers exceeded 70 million Pi tokens in a single transaction.

This activity suggests the beginning of the Open Mainnet era, as these are verified transactions executed on Pi’s blockchain, with network scalability proven by minimal gas fees, as little as 0.01 Pi per transaction.

However, despite the excitement, some concerns have surfaced. A deep dive analysis by @Dr_Picoin identified potential insider activity.

A foundation-linked wallet, created in 2019 with 2 million Pi, has systematically moved over 1.4 million tokens to a newly created wallet, which later sold significant portions on Gate.io.

While the Pi Core Team has the right to reallocate funds, especially in light of the $100M Pi Network Ventures initiative, the community is calling for greater transparency.

For Pi to function as a truly decentralized economy, clear liquidity injection plans and sale timelines are essential.

responded immediately to the activity, seeing a brief surge above $0.80 before correcting to around $0.77, showing resilience despite high-volume selloffs.

Although still down approximately 72% from its $2.99 all-time high, is currently in a consolidation phase.

Daily trading volume has surpassed $30 million, reflecting renewed interest and speculation around full mainnet integration. Traders are closely watching the $0.90 resistance level, with bulls aiming for a breakout above $1.00 to confirm a trend reversal.

For years, Pi Network has existed in a transitional phase—widely adopted but lacking full liquidity and an open mainnet. That uncertain era may now be ending.

The latest developments make it clear: Pi Network mainnet is not just preparing for launch—it is already launching. However, for Pi to evolve into a credible Web3 economy, the focus must now shift toward:

Pi has moved beyond being just a mining app. It is now a live, on-chain trading asset, with growing infrastructure and emerging controversies to match.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on May 29, 2025