Pi Network Surprisingly Stabilizes at $1.5 and Defies Dump Predictions

A Listing That Caught Everyone Off Guard

Pi Network, with its massive community of over 60 million users, has been a topic of intrigue since its inception in 2019. Built by Stanford PhDs Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, the project promised to democratize crypto mining through a mobile app. After years of anticipation, its mainnet launch and exchange listings finally arrived on February 20, 2025. Trading kicked off at 8:00 AM UTC, with platforms like OKX opening PI/USDT spot trading following a call auction to set the initial price.

Crypto watchers had braced for a steep decline. Pre-listing IOUs (Input-Output Units) traded as high as $40 to $200 on some platforms, fueling speculation of a massive sell-off once real trading began. 



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