Pi Coin Surges 80% Post-Launch Drop: Latest Price Update:

Pi Coin has made a remarkable comeback, surging 80% after a rough start on its mainnet launch. The cryptocurrency, which officially became tradable on February 20, saw its price climb to $1.29, recovering significantly from its earlier crash.

Pi Coin’s Volatile Journey

Pi Coin initially plunged 60% to $0.737 on February 21, just a day after its listing. However, it has since rebounded and is now trading at $1.32, with a recent high of $1.52 and a low of $0.72. The coin had previously peaked at $1.97 before facing a major sell-off.

What is Pi Coin?

Pi Coin is a Web3-focused cryptocurrency that allows users to mine coins for free without consuming excessive energy, unlike Bitcoin and Ethereum. Here’s how it works:
Users open the Pi app and tap a button once every 24 hours to confirm their presence and earn Pi tokens.
Referral-based mining helps users earn more rewards.
Unlike traditional cryptocurrencies, Pi Coin operates in a closed ecosystem and is still transitioning to full decentralization.

Pi Network’s Rapid Growth

Founded in 2019 by Stanford Ph.D. graduates Nicolas Kokkalis and Chengdiao Fan, Pi Network has amassed over 60 million members globally. The platform has also gained massive popularity in India, surpassing 100 million downloads on the Google Play Store.

Where Can You Trade Pi Coin?

Since its launch, major cryptocurrency exchanges have started listing Pi Coin, including:
OKX
Bitget
Bitrue
HTX
BitMart

To further drive engagement, Bitget is running a $60,000 Pi airdrop until March 3, while BitMart is offering a $3,000 USDT Pi giveaway to 300 users.

Pi Coin’s Price Outlook – What’s Next?

According to Binance Square, Pi Coin is currently priced at $1.32. While the price has been rising after breaking key resistance levels, some traders warn of a short-term dip due to bearish indicators.

If Pi Coin stays above $1.10, it could continue its upward trend.
If it falls below this level, it may drop further to around $0.94–$1.00.

The coming weeks will be crucial in determining whether this surge is sustainable or just a temporary bounce. Will Pi Coin establish itself as a serious contender in the crypto space? Time will tell.