Pi Coin Mainnet Launch: A Game Changer?- Coins that hit New ATH

The crypto community is abuzz as Pi Network gears up for its Open Mainnet launch on February 20, 2025. This could be a pivotal moment for Pi Coin, potentially leading to listings on major exchanges like Binance and OKX, enhancing its accessibility for trading.

Following the announcement of the PI/USDT spot trading pair listing on a major exchange, Pi Coin's price surged 106%, surpassing $100. Trading is set to begin on February 20 at 8:00 AM UTC (1:30 PM IST). Meanwhile, Binance lists Pi Coin at $71.81 with a 24-hour trading volume of $944,489.97.

However, Pi Coin has faced multiple delays in its open mainnet launch since its inception in 2019, raising transparency concerns. Critics question the prolonged enclosed mainnet phase and the referral-based growth strategy, debating its effectiveness in driving genuine adoption and decentralization.

Key Takeaways

• Decentralization & Utility: The launch will enable external wallet transfers, exchange listings, and dApp support.
• KYC Compliance: Pi Network prioritizes Know Your Customer (KYC) verification to prevent fraud.
• Market Volatility: Listings on multiple exchanges may lead to initial price surges, followed by market corrections.
• Ongoing Challenges: Concerns over Pi Network’s referral model, past delays, and transparency issues persist.

What is Pi Network?

Founded by Stanford graduates in 2019, Pi Network aims to make cryptocurrency mining accessible via mobile devices. Unlike traditional mining, users—called "Pioneers"—can earn Pi coins through a lightweight mobile app. Since its launch on Pi Day (March 14, 2019), the network has amassed millions of users, fostering a strong community-driven ecosystem.

Challenges and Future Prospects

Despite the excitement, challenges remain. The transition to an open mainnet invites regulatory scrutiny, as financial compliance becomes crucial. Initial price surges may be followed by corrections as the market stabilizes. Concerns persist regarding Pi Network’s prolonged testing phase and referral-based model, impacting investor confidence. While the mainnet launch is a major milestone, Pi Coin’s long-term success will hinge on its ability to address these challenges and achieve widespread adoption.

Coins That Hit ATH On 20/2/2025

The crypto market is buzzing with major price surges, and three coins have recently reached their All-Time Highs (ATH):

1. IP (Story IP) – ATH: $3.58
   • IP surged to a new ATH of $3.58, marking a 230.28% increase from its all-time low.
   • With a market cap of $830.37M and a 24-hour volume of $508.24M, IP is gaining massive traction.
2. BROCCOLI (FirstBroccoli) – ATH: $0.0881
   • BROCCOLI hit an ATH of $0.0881 on Feb 19, 2025, showing strong market movement.
   • Despite a 44.3% pullback, it still maintains a market cap of $48.3M with an impressive 109.78% volume-to-market cap ratio in the past 24 hours.
3. PAIN (Pain Token) – ATH: $25.48
   • PAIN token skyrocketed to an ATH of $25.48 just 4 hours ago, with a 53.66% daily increase.
   • It boasts a market cap of $75.15M and a 24-hour trading volume of $88M, making it one of the hottest tokens in the market.