Remember when Pi Network finally launched its mainnet back in February 2025? After years of delays and hype, the open network launch actually happened on February 20 at 8 AM UTC. The community was buzzing because over 19 million Pioneers had completed KYC verification, with 10.14 million successfully migrating to the mainnet. Everyone was excited about what the launch would bring to the ecosystem.

At that time, Pi coin price jumped to around $92 within hours of the announcement. People were talking about it potentially breaking past $100. The idea was that once Pi Network launched, it would finally connect to external systems and give the token real utility beyond just the app ecosystem. Nodes could transition from testnet to mainnet, and Pioneers could interact with other networks.

But looking back now, the market has moved pretty differently. Current Pi price is sitting at $0.17, down about 1.4% in the last 24 hours. It's a stark contrast to those launch day predictions. The network did go live as planned though, and over 100 mainnet-ready apps were built for the ecosystem. Whether Pi has found genuine real-world adoption since the launch is the real question the community keeps asking. The infrastructure is there, but the market sentiment has clearly shifted from those early February 2025 days when everyone was waiting to see if Pi would actually deliver.