Pi Network founders have indicated that a short-term rise in the price of the PI token to $10 is not expected, emphasizing the importance of building utility in the network to expand its ecosystem.
Mainnet Launch and Short-Term Pricing
The Pi Network mainnet launched on February 20, 2025, with an initial price of **$2.98** for the PI token. Following the launch, many early holders sold their tokens, causing the price to dip below the initial level. Founders including Dr. Nicolas Kokkalis and Dr. Chengdiao Fan emphasized that their priority is to create real utility rather than speculation about market price.
Tokenomics and Impact on Expectations
Current tokenomics data indicate that nearly 93 billion PI tokens will be unlocked in the future. This could create long-term price pressure on the market, moving strong pricing expectations further away. The market response to the introduction of PI did not show a significant impact on cryptocurrencies like BTC and ETH, highlighting investor caution.
Large Supply Limits
Comparisons to other projects like Solana show that while similar launches have historically seen an initial spike, the large supply of PI limits such trends. Historical data suggests a steady price decline until the market can achieve balance between demand and supply. Experts believe that without all tokens being actively traded, significant market price changes are unlikely.
This situation highlights the importance of long-term development strategies and real-world applications of the PI token, which may impact its perception among investors in the near future.
