The Pi Network, which is still in its enclosed mainnet phase as of now, does not yet have a publicly traded price on major exchanges. When Pi transitions to an open mainnet, where it can be traded on crypto exchanges, its initial price will depend heavily on market demand, total circulating supply, and the broader state of the crypto market at that time.

Some speculate that Pi could launch at a few cents to a few dollars, but this is highly speculative. The factors that might influence Pi’s potential price in 2025 include:

1. User Adoption and Active User Base: A larger, active user base could increase demand.

2. Circulating Supply: The price will partly depend on how many Pi tokens are in circulation, as a higher supply could dilute the price.

3. Utility and Use Cases: If Pi has developed a solid use case by 2025, especially in payments or decentralized applications, demand might increase.

4. Market Sentiment: The overall state of the crypto market will also play a significant role.