Pi Network, developed by a team of Stanford graduates, is a novel cryptocurrency that enables users to mine Pi coins directly from their mobile devices without significant energy consumption. This approach aims to democratize access to cryptocurrency mining, making it more inclusive and environmentally friendly.On February 20, 2025, OKX, a leading cryptocurrency exchange, listed Pi Network’s native token (PI) for spot trading against USDT. The listing process included a call auction from 7:00 am to 8:00 am UTC, followed by the commencement of spot trading at 8:00 am UTC. Subsequently, PI withdrawals were enabled at 10:00 am UTC on February 21, 2025. Following its listing on OKX, PI experienced a significant price surge. Within six days, the token’s value soared by 293%, outperforming major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin during the same period. This remarkable growth has attracted the attention of both investors and analysts, with some speculating that PI could reach $5 by the end of April 2025.As of March 1, 2025, PI is trading at approximately $2.07, with a 24-hour trading volume of $108.81 million. Despite its recent surge, the token has experienced a slight pullback, reflecting the inherent volatility of the cryptocurrency market.The Pi Network community is actively advocating for broader exchange listings. A recent Binance community vote revealed that 86% of participants support the potential listing of PI on the platform, indicating strong demand and optimism about the token’s future prospects.In addition to exchange listings, PI is gaining traction in real-world applications. Notably, businesses in Florida, such as Zito Realty and Cube Motor, have started accepting PI for transactions, signaling growing merchant adoption and the token’s potential utility in everyday commerce.While the Pi Network has made significant strides, it has also faced challenges. For instance, Bybit’s CEO recently labeled the project a scam, prompting Pi Network to clarify that certain fraudulent activities were conducted by bad actors impersonating the project, not by the network itself.For those interested in trading PI on OKX, the platform offers various services, including spot trading, margin trading, and Simple Earn options. USDT-margined perpetual futures for PI were enabled on February 20, 2025, providing traders with diverse avenues to engage with the token.To deposit PI tokens into an OKX account, users can follow a straightforward process via the OKX app, ensuring compliance with regulatory requirements such as the Travel Rule in the European Economic Area.
In summary, Pi Network’s listing on OKX marks a significant milestone in its journey toward mainstream adoption. The token’s recent price performance, coupled with increasing merchant acceptance and community support, underscores its potential in the evolving cryptocurrency landscape.
For a visual comparison between Pi Network and Bitcoin, you might find the following video insightful: