The price of the Pi Network (PI) has become a major topic of discussion as the official launch date is approaching, with many people predicting its trading price when it is fully unlocked.

This project has gained significant attention due to its mobile mining model, attracting millions of users eager to earn PI tokens without the need for expensive hardware. With the IOU price showing stability in the range of $61 to $70, this range may provide an early indicator of where PI could stabilize in the open market.

PI is one of the most hyped coins to date

Pi Network is one of the most anticipated cryptocurrency launches in recent history. It aims to make mining accessible to anyone with a mobile device.

Unlike traditional proof-of-work networks that require expensive hardware, Pi allows users to mine its native token simply by running a lightweight mobile app. This approach has generated significant interest, with millions of users joining before the official launch.

As Bitcoin mining has evolved into a capital-intensive industry dominated by large mining farms, Pi's promise of free and easy mining has captured the attention of a global audience.

The anticipation has driven its IOU price to surge strongly in recent days leading up to the network's official launch on 20/02. The IOU price represents speculative trading of the token on some exchanges before it becomes officially transferable, meaning traders are betting on its future value.

On 11/02, Pi's IOU price increased by 62% in just a few hours, sparking speculation about its potential launch price.

This sudden surge has led to discussions in the cryptocurrency community about the price level at which Pi will launch when the network is fully operational. With increasing interest, traders and early participants are closely watching how the market will react after the launch.

The excitement around Pi is not only reflected in price volatility but also in its social media presence. Pi Network's official account on X has become one of the most followed cryptocurrency accounts to date, surpassing Ethereum.

With 3.7 million watchers and consistently high engagement, it is now approaching the follower count of major meme coins like Shiba Inu and Dogecoin.

Predicting PI's Initial Price: An Analytical Perspective

As Pi Network prepares for its official launch, many users are wondering about its price when it becomes fully tradable. Looking at past major airdrops and new blockchain launches, the outlook is not entirely promising.

If airdrops are a good indicator for Pi Network's upcoming launch, some of the most anticipated airdrops in recent years, such as PENGU, BERA, and BLAST, have faced significant price declines after launch. However, there are exceptions, with Hyperliquid being one of the few that has maintained a strong price level.

The price volatility of Pi's IOU provides some insights into how the market is pricing the token before its official release. While there have been short-term price spikes reaching close to $90 and even $100, these have been isolated events rather than sustainable trends.

Instead, the price has witnessed stable volume increases in the range of $59 to $76, with accumulation activity increasing around the $57–$60 level. This suggests that these levels are where the strongest demand lies, potentially providing clues about where Pi's price could stabilize when it becomes fully tradable.

Based on this data, an analytical perspective would suggest that Pi's launch price could be in the range of $61–$70, where it has shown the most stability. If the attention continues to drive demand, it could push the price higher, but past airdrop trends indicate that early investors often take profits, leading to volatility, especially as PI has raised legal concerns from experts.

How Pi handles its supply and trading volume after launch will be crucial in determining whether it follows the path of struggling airdrops or emerges as one of the stronger performing launches like Hyperliquid.