{"id":828629,"date":"2025-02-21T08:11:32","date_gmt":"2025-02-21T14:11:32","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/21\/pi-network-breaks-uniswaps-airdrop-records-but-can-selling-pressure-hold-it-back\/"},"modified":"2025-02-21T08:11:32","modified_gmt":"2025-02-21T14:11:32","slug":"pi-network-breaks-uniswaps-airdrop-records-but-can-selling-pressure-hold-it-back","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/21\/pi-network-breaks-uniswaps-airdrop-records-but-can-selling-pressure-hold-it-back\/","title":{"rendered":"Pi Network Breaks Uniswap\u2019s Airdrop Records, But Can Selling Pressure Hold It Back?"},"content":{"rendered":"
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\"Why<\/figure>\n<\/div>\n
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Pi Network (PI) has just made history, shattering records to become the largest and most valuable airdrop in crypto. It has now overtaken Uniswap\u2019s (UNI) previous milestone, setting a new benchmark for the industry. With its mainnet launch and listings on major exchanges<\/a>, Pi Network has quickly become one of the most talked-about projects in crypto.<\/p>\n

A report from Bitget highlights that Uniswap<\/a> previously held the record for the largest airdrop, reaching a $6.43 billion valuation after its 2020 token distribution. However, Pi Network has now doubled that figure. With 6.3 billion PI tokens in circulation and a launch price of around $2, Pi\u2019s airdrop value hit a massive $12.6 billion on Thursday.<\/p>\n

With billions of tokens now in circulation and millions of users involved, the project has entered a crucial phase \u2013 one that could define its long-term success.<\/p>\n

Pi Network\u2019s Airdrop: A Huge Success<\/h2>\n

Unlike traditional airdrops that reward early adopters, Pi Network focuses on mass participation. Since 2019, millions of users have mined PI tokens on their mobile phones, forming a large and active community. The team credits this broad user base for the airdrop\u2019s success.<\/p>\n

Ahead of the mainnet launch, several exchanges, including Bitget, offered Pi Network airdrops. BitMart also held USDT giveaways to build anticipation for the open mainnet phase. Major exchanges backed the token\u2019s launch\u2014MEXC introduced pre-listing trading, while OKX and Bitget soon followed with PI\/USDT spot and futures trading pairs.<\/p>\n

Pi Network\u2019s Open Phase: What\u2019s Next?<\/strong><\/h2>\n

With its Open Network launch, Pi Network is no longer restricted to a closed ecosystem. The team announced that it is now fully connected to external networks, allowing easier integration with other blockchains and financial systems.<\/p>\n

According to a blog post, Open Network also enables support for centralized exchanges<\/a> (CEXs) and new onramps, making it easier for users to acquire and use PI tokens. Additionally, the network is rolling out third-party services, node updates, and other ecosystem improvements.<\/p>\n

To celebrate this milestone, Pi Network will launch the Open Network Challenge next week. This event will allow users\u2014known as Pioneers<\/strong>\u2014to explore the ecosystem through interactive tasks and rewards.<\/p>\n

Challenges and Uncertainties Ahead<\/strong><\/h2>\n

Despite its record-breaking airdrop, Pi Network faces several challenges<\/a>. Regulatory scrutiny, skepticism about its mining model, and concerns over market volatility could impact its future. Comparisons to Hamster Kombat\u2014a project that gained similar hype but later collapsed\u2014have also raised questions about Pi\u2019s long-term sustainability.<\/p>\n

Can Pi Network Maintain Its Momentum?<\/strong><\/h2>\n

Pi Network\u2019s leadership remains committed to building a decentralized and scalable ecosystem. With the network now fully open, the next few months will determine whether it can sustain its momentum and fulfill its ambitious vision.<\/p>\n

Initially, Pi Network\u2019s price surged from $1.30 to over $2, reflecting strong investor interest. However, it is currently trading at $0.8783, down over 30% in the past 24 hours<\/a>. This drop is likely due to early holders and miners selling off their tokens now that trading is open.<\/p>\n

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Never Miss a Beat in the Crypto World!<\/h5>\n

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n

Breaking records is one thing\u2014staying relevant in the volatile world of crypto is another. The coming months will reveal which path Pi Network takes.<\/strong><\/p>\n<\/div>\n

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\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"

Pi Network (PI) has just made history, shattering records to become the largest and most valuable airdrop in crypto. It has now overtaken Uniswap\u2019s (UNI) previous milestone, setting a new benchmark for the industry. With its mainnet launch and listings on major exchanges, Pi Network has quickly become one of the most talked-about projects in<\/p>\n","protected":false},"author":1,"featured_media":828630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2000,1413],"tags":[],"class_list":{"0":"post-828629","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaks","8":"category-network"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/828629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=828629"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/828629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/828630"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=828629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=828629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=828629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}