Pi Network Unlikely to Hit $10, Founders Emphasize Utility
- Pi Network’s leadership denies reaching $10 pricing soon.
- Emphasis on building network utility first.
- High token supply contradicts a major price increase.
The Pi Network, launched on February 20, 2025, debuted its crypto token PI on the open market, initially priced at $2.98, significantly below the anticipated $10 mark.
The disparity between expected and actual PI pricing highlights uncertainties in tokenomics and market dynamics, influencing cautious investor sentiment and affecting potential ecosystem growth.
Pi Network founders state no short-term price increase to $10 is expected, focusing on building utility.
This development matters as it impacts investor expectations and directs focus toward real-world application.
Mainnet Launch Sees Price Drop From Initial $2.98
The Pi Network mainnet launch occurred on February 20, 2025, with the starting price of PI at $2.98. The launch witnessed early holders selling, causing prices to dip below the initial offering. Founders Dr. Nicolas Kokkalis and Dr. Chengdiao Fan lead the initiative, focusing on real utility rather than market price speculation. Their statements emphasize long-term ecosystem adoption strategies.
“The Pi Network mainnet is live, start building utility.” – Dr. Nicolas Kokkalis, Head of Technology/Founder, Pi Network
Tokenomics Reveal 93 Billion PI Future Unlock
Early market responses show that PI’s introduction did not greatly affect BTC or ETH, suggesting limited initial market impact. The project’s tokenomics indicate continuous strong selling pressure. The future unlock of nearly 93 billion PI tokens reflects potential long-term selling pressure. This impacts the financial outlook for PI, steering away from aggressive pricing expectations.
Large Supply Limits Short-Term Price Growth
Comparisons to projects like Solana reveal that while similar launches have spiked initially, PI’s large supply suppresses such trends. Historical data suggests a steady decline until circulating demand aligns with supply. Experts anticipate that until all tokens are actively traded, no significant market price change is foreseeable. Analysis from Industry Analysts shows the price remains well-below double digits for the forecast period.
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