After years of anticipation, the Pi Network launched its mainnet today at 8 AM UTC.
This is a huge milestone for the project. For years, its followers continued to “mine” tokens, aligning with the project’s objective of using blockchain to solve real-world problems, especially in payments. The launch marks the end of the Enclosed Mainnet phase that began over three years ago in December 2021.
Since the mainnet is now open for holders, they can move their PI tokens and swap them for others on leading exchanges like OKX, where trading is supported. Meanwhile, Pi Network vendors are free to expand their apps globally.
Will the PI Crypto Uptrend Continue? Time For $1,000?
Last week, when the team announced the mainnet would go live, PI prices spiked to $100 before slightly retracing. However, as momentum picked up, the uptrend resumed, and by February 17, the IoU tokens of the yet-to-be-launched PI tokens reached $200 on exchanges like BitMart and HTX.
At press time, PI IoU tokens are trading within a $25 to $80 range across major exchanges. Although the token is down 88% from its all-time high of $307 posted in December 2022, there is confidence that PI could rocket to as high as $1,000 in the coming years.
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Whether this will happen depends on adoption and whether Pi Network will live up to holders’ expectations. The team aims to build a cyclical decentralized economy where the token plays a crucial role in transactions and powers apps and all services within the network.
Those who wish to use the mainnet must complete know-your-customer verification by February 28, 2025.
Beyond adoption, the rate at which PI grows will depend on the number of exchanges listing it. The IoU token representing PI is available on fringe exchanges, but once it is listed on OKX, Binance, or Coinbase, the token could surge due to the expected demand.
Wall Street Pepe (WEPE) Takes Off After Launch
While the Pi Network is making headlines, Wall Street Pepe (WEPE) dominates DEX discussions after its successful launch.
Wall Street Pepe raised $73 million in its presale.
On February 17, early adopters began claiming WEPE before the token started trading on Uniswap, a top DEX that enables the trustless swapping of tokens on Ethereum.
Although prices fell slightly on launch—providing an opportunity for one whale to buy over $365,000 worth of WEPE—buyers are back, and the frog-themed meme coin is firm at press time.
According to DEXTools, WEPE is changing hands at $0.0001559 as investors pour in. Yesterday alone, over $6.4 million worth of WEPE was traded on Uniswap, pushing its market cap to over $31 million.
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There are high hopes that Wall Street Pepe can easily 10X to over $500 million in market cap. This will attract the attention of top exchanges like Binance and MEXC.
And momentum is building.
According to Etherscan, there are nearly 65,000 WEPE holders, up over 3X in three days.
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More holders are expected now that prices continue to tick higher.
On social media, interest is high, and on YouTube, analysts expect WEPE to follow the success of PEPU and PEPE.
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Pi Network is Live, Is Wall Street Pepe The Next PEPE?
- Pi Network launches mainnet
- PI traders bullish after price spiked to $200
- Wall Street Pepe expected to hit $500 million market cap after successful listing
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