PI Coin has made a strong return, rising 80.23% to $1.29 based on data from Coin Market Cap. This increase follows its initial market decline, when the cryptocurrency fell more than 60% to $0.737 just a day after it began trading officially on February 20, 2025. Despite a shaky start, the coin’s quick turnaround points to an increasing positive outlook among investors.
PI Coin was launched after years of anticipation and made its debut in external trading last Thursday, attracting a lot of interest from the crypto community. Unlike other cryptocurrencies, PI Coin is integrated into the Web3 ecosystem, which allows users to mine coins without the energy consumption that is typical of crypto mining. Instead, users merely have to launch the Pi app once every day and click a button to validate their presence and earn small amounts of the coin. There are benefits for refining new users.
The PI Coin was founded in 2019 by Stanford Ph.D. holders Nicolas Kokkalis and Chengdiao Fan, and the project has since grown to encompass a membership base of over 60 million people worldwide. The Pi app has been downloaded more than 10 crore times on the Google Play Store in India, which proves the existence of a large user base.
Centralized exchanges like OKX, Bitget, Bitrue, HTX, and BitMart listed PI Coin at launch. Bitget also launched a $60,000 Pi airdrop pool for eligible users, with the event ending on March 3, 2025, while BitMart revealed a $3,000 USDT Pi giveaway for 300 random users.
Despite PI Coin’s first volatility, its quick rise shows that there is interest in the market and could make it a cryptocurrency to keep an eye on as we move further into the Web3 world.
