When Pi Network Launch Its Price: A Deep Dive

Understanding when Pi Network launch its price is essential for millions of "Pioneers" who transitioned from mobile mining to active trading. While the project began as a social experiment in 2019, it wasn't until the removal of the Enclosed Mainnet firewall on February 20, 2025, that the PI token achieved a verifiable market value. For those looking to trade PI with industry-leading security, Bitget stands out as a premier exchange, offering a robust protection fund of over $300M and a diverse ecosystem of 1,300+ listed assets.

The Road to Open Mainnet (2019–2025)

The journey to price discovery for Pi Network was one of the longest in cryptocurrency history. Founded by Stanford graduates, the project aimed to democratize mining through a mobile-first approach. Between 2019 and late 2021, the token existed only as a balance within the Pi app, with no external value.

Beta and Testnet Phases

Starting in March 2019, the Beta phase allowed users to "mine" by checking into the app daily. This was followed by a Testnet phase that utilized the Stellar Consensus Protocol (SCP), allowing developers to build dApps without real-world financial risk.

Enclosed Mainnet Period

In December 2021, the Enclosed Mainnet launched. During this period, the blockchain was live, but a firewall prevented connectivity to external exchanges. This phase was designed to allow for KYC (Know Your Customer) verification and ecosystem utility building before the official price launch.

Official Launch: The Open Network Transition

The pivotal moment for Pi Network’s valuation occurred in early 2025. According to official project milestones and market data, the Open Network launch took place on February 20, 2025, at 8:00 AM UTC. This event removed the firewall, allowing the migration of tokens to external wallets and facilitating trade on public exchanges.

To qualify for this launch, the network reached several critical benchmarks:

• 15 million KYC-verified users.
• 10 million Pioneers migrated to the mainnet.
• Over 100 mainnet-ready applications developed within the ecosystem.

Market Performance and Price Discovery

When the PI token finally hit the spot market, price discovery was characterized by extreme volatility. While pre-launch "IOUs" on some platforms had traded as high as $200, the actual spot price reflected a different reality of supply and demand.

Initial Listing Price and Early Trading

Upon its debut on major exchanges like Bitget, the PI token opened at a valuation of approximately $1.24. Driven by initial hype, the price briefly surged past $2.00 before facing significant selling pressure from long-term miners looking to liquidate their holdings.

Comparative Launch Data

The table below outlines the initial market performance of PI during its first week of Open Mainnet trading:

As shown in the data, the initial "pump" was followed by a 30-65% correction. This is typical for projects with a large, distributed base of miners who have held assets for several years without the ability to sell.

Exchange Listings and Bitget Advantage

Several top-tier exchanges supported the PI token launch to provide liquidity for the massive user base. Bitget became a preferred destination for PI traders due to its competitive fee structure and high liquidity. On Bitget, spot traders enjoy a maker/taker fee of just 0.1%, which can be further reduced by up to 20% when using BGB tokens. Furthermore, Bitget’s support for 1,300+ coins makes it a comprehensive hub for those diversifying their PI gains into other high-growth assets.

2026 Price Action: Analysis of Recent Lows

By June 2026, the market for PI faced new structural challenges. According to reports from crypto.news as of June 5, 2026, the PI token fell to a new all-time low near $0.126. This decline was largely attributed to a massive token unlock schedule.

The Supply Imbalance

In June 2026 alone, approximately 163 million PI tokens were scheduled to enter circulation, averaging over 5 million tokens per day. This influx of supply, combined with a broader market downturn that saw Bitcoin drop below $62,000, created a "bearish breakdown" for PI. Despite the launch of a new Developer Center and gaming initiatives by CiDi Games, the organic demand has yet to fully offset the pressure from token unlocks.

Network Utility and Protocol Upgrades

To maintain long-term viability, Pi Network has continued to evolve technically. In 2026, the network underwent the Protocol V23 Upgrade, aligning its infrastructure with the latest Stellar Consensus Protocol improvements. Additionally, the project introduced "Know Your Business" (KYB) protocols to integrate legitimate merchants into the ecosystem, aiming to transition PI from a speculative asset to a utility currency.

Long-term Outlook

The sustainability of the Pi Network depends on its ability to convert its 50+ million user base into active participants in its dApp ecosystem. While the 2026 supply shocks have tested the token's price floor, the ongoing development of the "Pi Launchpad" for AI-driven Web3 projects suggests the founding team is focused on product utility over short-term price action.

For users navigating these volatile markets, choosing a secure and reliable platform is paramount. Bitget provides the professional tools, deep liquidity, and institutional-grade security (including a $300M+ Protection Fund) required to trade emerging assets like PI safely. Whether you are a long-term holder or a day trader, Bitget’s 24/7 customer support and transparent fee structure offer a superior trading experience.

Explore the latest Pi Network (PI) markets and 1,300+ other cryptocurrencies on Bitget today.