Pi Network Shatters Airdrop Records, But Can It Overcome Selling Pressure?

Pi Network has set a new milestone in crypto history by surpassing Uniswap’s record for the largest and most valuable airdrop. However, despite its massive success, challenges like selling pressure and regulatory uncertainties may hinder its long-term potential.

Pi Network’s Airdrop Sets New Record

Pi Network (PI) has officially broken records, becoming the largest and most valuable airdrop in crypto history, surpassing Uniswap’s (UNI) previous achievement. This milestone comes as Pi Network transitions to its Open Mainnet, enabling seamless blockchain integrations and listing on major exchanges.

According to data from Bitget, Uniswap previously held the record for the most valuable airdrop, reaching a peak of $6.43 billion after its launch in 2020. However, Pi Network’s 6.3 billion PI tokens in circulation and an initial price of $2 per token have propelled its total airdrop value to an astonishing $12.6 billion—doubling the previous record.

Pi’s Airdrop Success Driven by Mass Adoption

Unlike conventional airdrops that target early adopters, Pi Network’s airdrop was designed to reward millions of users who have been mining Pi on their mobile devices since 2019. This strategy helped build a global community that played a major role in the token’s widespread adoption.

Before the mainnet launch, various exchanges, including Bitget, MEXC, and BitMart, began offering pre-listing airdrops to attract users. Following the Open Network transition, top-tier exchanges OKX, Bitget, and others introduced PI/USDT spot and futures trading pairs, further increasing Pi’s liquidity.

Open Network: Expanding Pi’s Utility

With the activation of Open Mainnet, Pi Network has finally moved beyond its closed ecosystem, allowing integration with external blockchains and financial institutions. According to Pi Network’s official blog, this transition will introduce several key developments:

• CEX and DEX integrations for seamless Pi trading
• Third-party services supporting PI transactions
• Improved scalability and blockchain security
• Node updates to enhance decentralization
• New staking and DeFi opportunities

To celebrate the transition, Pi Network has announced the Open Network Challenge, a community-driven event that will offer interactive rewards and educational experiences for users exploring the ecosystem.

Challenges Ahead: Can Pi Network Sustain Its Growth?

Despite the historic airdrop, Pi Network faces several challenges:

1. Regulatory Scrutiny: Pi Network’s unique mining model has drawn regulatory attention, with critics questioning its long-term viability.
2. Market Volatility: Many new users are inexperienced traders, leading to concerns about rapid sell-offs and price fluctuations.
3. Comparisons to Hamster Kombat: Skepticism remains over whether Pi Network can sustain momentum, especially after Hamster Kombat’s hype-fueled crash.

Since its listing, PI’s price surged from $1.30 to over $2, reflecting strong investor demand. However, within 24 hours, Pi’s price dropped 30% to $0.8783, largely due to profit-taking by early adopters and miners liquidating their holdings.

What’s Next for Pi Network?

Despite the initial price corrections, Pi Network remains committed to building a decentralized and scalable ecosystem. With millions of active users, strong exchange support, and a rapidly growing DeFi landscape, the coming months will determine whether Pi Network can cement its place in the crypto space or become another fleeting trend.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)