Company Pi Network in 2025: Mainnet Launch, ATH Surge and a Near-95% Crash — What Comes Next

Company Pi Network finally executed its long-awaited mainnet launch on February 19, 2025, marking the end of a multi-year buildup and a series of delays that had tested community patience. The token listing on centralized exchanges like Company Bitget, Company OKX, and Company MEXC created immediate market attention and liquidity, setting the stage for volatile price discovery.

The initial market reaction was emphatic. PI surged to a new all-time high of $2.99 in late February, only to enter a prolonged and severe drawdown in the months that followed. By early October the asset had plunged to an all-time low of $0.172, representing an almost 95% collapse from its peak. Since that low, PI has recovered modestly back above the $0.20 level, a price point that market participants repeatedly tested and ultimately defended.

From a product and community standpoint, 2025 was eventful for Company Pi Network. The team extended the KYC grace period, relaunched PiFest, supported the reservation initiative for .pi domains for compliant apps, and organized Pi Day celebrations in March. They rolled out the Pi Ad Network Expansion to ecosystem-listed applications and enabled new wallet activation flows in May. Amid this activity, rumors of a Company Binance listing amplified speculative price swings — notably a spike above $1.70 in May — but those expectations eventually proved misplaced.

Strategic developments included the announcement of Company Pi Network Ventures, a Pi-denominated investment fund targeting $100 million in startup allocations, and the launch of Company Pi App Studio, signaling a push into AI and Web3 application tooling. The ecosystem also hosted its first major post-mainnet hackathon, culminating in winners announced in December, and formed a partnership with Company CiDi Games to accelerate Web3 gaming engagement.

On the infrastructure side, Company Pi Network introduced Pi DEX and AMM liquidity pools, announced live by Mr. Fan at Company TOKEN2049 in Singapore. Network upgrades (version 0.5.4) and iterative improvements to KYC and the Pi App Studio continued through late 2025. The ecosystem also made its first venture investment in Company OpenMind and wrapped the year with a Holiday initiative and further DEX/AMM updates.

Price analysis: after the February pump and subsequent collapse, PI's price action has been dominated by sentiment-driven spikes around major announcements and rumors. Defending the $0.20 support is currently the most constructive technical theme. While AI-driven models and some market observers suggest a potentially better 2026 under specific adoption and liquidity conditions, the token's path will hinge on sustained exchange listings, active on-chain utility via Pi App Studio and Pi DEX, and meaningful venture allocations from Company Pi Network Ventures. For more background reporting and the original recap, see Company CryptoPotato.

Editor’s takeaway: 2025 was a breakout year for visibility but a volatile one for holders. The combination of bold product moves — from Pi App Studio to Pi Network Ventures — and precarious price action leaves PI at an inflection point: the network must now convert hype into recurring utility, liquidity, and developer activity if it hopes to recover sustainably from its dramatic drawdown.