- Pi Network has surpassed Ethereum in follower count on X, reaching 3.7 million, and is set to launch its Open Network on February 20, making its tokens publicly tradable on major exchanges like Bitget, OKX, and MEXC.
- This milestone could solidify its place in the crypto space, despite skepticism from some industry players.
Pi Network, a cryptocurrency project that allows users to mine tokens via their smartphones, has made significant strides ahead of its much-anticipated Open Network launch. With a growing global community and increasing recognition from major exchanges, the project is poised for a transformative milestone on February 20.
Pi Network’s Social Media Surge
In a surprising development, Pi Network has overtaken Ethereum in follower count on X (formerly Twitter), reaching an impressive 3.7 million followers. This places Pi Network among the top five most-followed cryptocurrencies globally, surpassing even one of the most established names in the crypto space. The only digital assets with a larger follower base on X are Binance Coin (BNB), Bitcoin (BTC), Dogecoin (DOGE), and Shiba Inu (SHIB).
A Global Phenomenon
Pi Network has amassed a dedicated following, particularly in countries like South Korea, Japan, India, China, and Vietnam. In December 2023, the project’s application surpassed 100 million downloads, highlighting its growing popularity worldwide. In South Korea alone, Pi Network users have exceeded 1.3 million, outnumbering the local customer bases of major exchanges like Binance and Coinbase.
Beyond virtual engagement, Pi Network enthusiasts have organized gatherings in multiple countries, including India, Nigeria, and China. In Shijiazhuang City, China, a recent event saw a surge in transactions using Pi tokens for payments, demonstrating the community’s confidence in the project.
The Upcoming Open Network Launch
Pi Network has set February 20 as the official launch date for its Open Network. This transition will make Pi tokens publicly tradable, as major cryptocurrency exchanges such as Bitget, OKX, and MEXC have announced plans to list the asset. The listing will mark a crucial turning point for the project, providing liquidity and accessibility to its vast user base.
However, not all exchanges are embracing Pi Network with open arms. Bybit’s CEO, Ben Zhou, has advised traders to “stay away from it,” signaling ongoing skepticism from certain industry players.
What This Means for Pi Network’s Future
The Open Network launch will be a defining moment for Pi Network, potentially transforming it from a controversial, smartphone-mined cryptocurrency into a mainstream asset. The community-driven growth, combined with support from leading exchanges, suggests that Pi Network could carve out a significant place in the crypto landscape.
As February 20 approaches, all eyes are on whether Pi Network will deliver on its promise and solidify its position among the top cryptocurrencies worldwide.
