According to the latest market data from Gate, as of August 15, 2025, the price of Pi coin (PI) is reported at $0.39, with a rise of 8.31% over the past week, but down 87% from the historical high of $2.98 reached at the Mainnet launch in February, reflecting the intense competition in the market amid liquidity pressures and a technological transition period.
The current situation and core challenges after the Mainnet launch
1. Divergence between technical indicators and market sentiment: Pi Network officially launched its Open Mainnet on February 20, 2025, marking its transition from mobile mining experiment to a globally tradable digital asset. Currently, over 12 million accounts have completed the Mainnet migration, but on-chain activity is far below expectations—daily active wallets are only 20,000 to 40,000, contrasting with the project's claim of a user base of 60 million.