Pi Network (PI) Launches on Exchanges, Drops 21% Post-Listing

In Brief:

Pi Network (PI) debuts on major exchanges, including OKX, Bitget, and HTX.

PI price drops 21% after an initial spike, sparking mixed reactions from investors.

‍

After years of anticipation, Pi Network’s (PI) token is now live for spot trading, marking a significant milestone as the project transitions to its Open Network phase. Listed at a starting price of $2 on OKX, the token saw initial enthusiasm but quickly dropped 21% post-launch due to profit-taking and market volatility.

The listing has ignited debate, with some investors cashing out early, while others see the dip as an opportunity to accumulate PI at lower prices. Despite concerns over its referral-based mining model, Pi’s supporters believe its mainstream exchange listings will boost liquidity and adoption.

‍