The Buzz Around Pi Network
As February 20, 2025, approaches, Pi Network (PI) has become the talk of Pakistan’s crypto community—and for good reason. After years of anticipation, the project is finally preparing to launch its Open Mainnet, a move that could transform PI from a speculative asset into a fully functional cryptocurrency. But what does this mean for everyday users and investors in Pakistan? Let’s dive in.
Pi’s Current Value in Pakistan
As of February 18, 2025, one PI coin is trading at ₨37,941 Pakistani Rupees (PKR), fueled by a nearly 200% price jump over the past month. This surge reflects growing excitement around the Mainnet launch. However, the ride has been rocky: in the last 30 days alone, PI’s value swung between ₨10,223 and ₨55,715 PKR, a reminder of crypto’s volatile nature.
Quick Value Snapshot:
- 1 PI = ₨37,941
- 10 PI = ₨379,411
- 100 PI = ₨3.79 million
Globally, PI is hovering around $92 USD, up 80% since the Mainnet announcement.
Why February 20 Matters
The Open Mainnet launch marks Pi Network’s transition from a closed ecosystem to a fully integrated cryptocurrency. Starting February 20, PI holders can trade their coins on major exchanges like Binance or use them for real-world transactions. Here’s the breakdown:
For Users:
- Trade PI on exchanges or spend it like cash.
- Withdrawals begin February 21.
For Pi Network:
- Over 10 million users have migrated to the Mainnet.
- 19 million accounts completed identity checks (KYC) to boost security.
- A growing ecosystem of 100+ apps hints at future uses, from shopping to decentralized finance.
Price Predictions: Optimism vs. Caution
Experts are split on where PI’s value will land post-launch:
- Optimistic View: If major exchanges list PI and adoption grows, prices could reach $150–200 USD (₨41,850–₨55,800 PKR) by late 2025.
- Cautious Perspective: Delays or low demand might push PI below $50 USD (₨13,950 PKR).
Short-Term Outlook: Brace for turbulence. Early miners may cash out quickly, causing sharp price swings in the first week.
Risks to Keep in Mind
While the future looks promising, here’s what could go sideways:
- Regulations: Pakistan or other governments could tighten crypto rules.
- Supply Glut: If too many PI coins hit the market, prices may drop.
- Execution Issues: Any stumbles by Pi’s team could dent confidence.
Pakistan’s Crypto Community Reacts
Local excitement is palpable. Pakistani miners who’ve collected PI over the years could see massive returns—for example, 1,000 PI mined earlier could now be worth ₨37.9 million PKR. Exchanges are gearing up for PI-to-PKR trading, but experts urge restraint.
Adil Khan, a Karachi-based crypto advisor, notes:
“This could be a game-changer, but never invest more than you’re willing to lose. Pi’s real test begins after February 20.”
The Bottom Line
Pi Network’s story is at a turning point, and the next week could shape its future—and Pakistan’s role in it. Whether you’re holding PI or just curious, focus on three things:
- Exchange Listings: Confirm if platforms like Binance add PI.
- Real-World Use: Watch for businesses accepting PI payments.
- Regulatory Shifts: Stay updated on Pakistan’s crypto policies.
One thing’s certain: the crypto landscape in Pakistan won’t look the same by month’s end.
For live updates, follow trusted sources like CoinCodex or Binance. Always research before investing.
