Pi Network price today after 24 hours of listing

Latest Pi price today February 21, 2025

Thus, the latest Pi price today, February 21, 2025, is 0.6 - 0.7 USDT/Pi (about 17,900 VND).

Pi Network price continuously drops, leaving the community disappointed

The Pi Network project officially launched on the afternoon of February 20. According to statistics from BeinCrypto, with a circulating supply of 6.3 billion tokens and an initial price of about $2/token, the total value of Pi Network's airdrop is currently $12.6 billion. This figure is nearly double that of Uniswap's airdrop in 2020, which only reached $6.43 billion. In the cryptocurrency market, airdrop is a term that refers to the issuance of free coins or tokens to users before the project officially launches the network.

Immediately after listing, PI was priced at 2 USDT (1 USDT is equivalent to 1 USD). On some exchanges, the price of PI was even pushed up to more than 3.4 USDT in the first few minutes.

However, in the next hour or so, the price of PI continued to fluctuate strongly, fluctuating between 0.7-1.8 USDT. The price difference of up to 40% between exchanges at the same time made many people suspect that there was price manipulation from the exchanges.

After a period of strong fluctuations, the price of Pi Network gradually stabilized but then continuously decreased. As of the early morning of February 21, this coin was only trading around 0.7 USDT.

A user named Thanh Tam shared in a Pi Network community group with more than 200,000 members: "I spent more than 4 years mining PI coins, but I didn't expect the price to drop so quickly."

Thus, after less than a day, the value of this token has dropped by more than half compared to the initial listing price.

Before Pi Network was officially listed, many people bought PI coins at prices ranging from 50,000-65,000 VND/token. However, at the current price of about 0.7 USDT (equivalent to 17,900 VND), these people are suffering significant losses.

The sharp decline of Pi Network has surprised and disappointed many investors, especially those who had expected a price increase after the project's official launch.

Expert Opinion on Pi Network Project

Haotian, an expert from CryptoInsight, commented that Pi Network is especially popular in markets where people have little financial knowledge. Slogans such as 'one Pi equals one Bitcoin' have contributed to many people misunderstanding the true value of this currency. He also said that the market backlash when Pi Network was listed further showed that this project has many potential problems.

Before Pi Network officially launched, many players expected the price of this coin to be very high. They even called for setting a 'consensus price' for each Pi from 500 to 1,000 USD and requested that it not be devalued. Some communities also introduced the concept of GCV (Global Consensus Value) with a price of up to 314,159 USD for each Pi.

However, according to OneSafe, these numbers are unrealistic. PCT, the entity behind Pi Network, announced that the maximum total supply of Pi is 100 billion tokens, of which about 6 billion Pi will be released to the market immediately after the network opens.

Nam Nguyen, a 4-year veteran of the cryptocurrency market, commented: 'If Pi reaches the price that the community expects, its capitalization will be at an unimaginable level, and there is no real basis or market data to prove it.'

Crypto Times also made a similar assessment: 'There has been a lot of hype around Pi Coin and Pi Network since the project launched. It exists mainly because of the emotional appeal of investors, just like Hamster Kombat. However, over time, people will look at the reality and evaluate whether Pi is really a long-term potential project.'

Quoc Duong