I saw news from Pi Network in the middle of last year, and there are some quite interesting developments. Their team announced several major updates, starting with the official launch of the open network on February 20th, which means that PI is now generally accessible and trading platforms have begun offering trading services for it.

Additionally, the team completed protocol version 19.6, making version 19.9 the final step before the highly anticipated version 20. They also warned nodes to update immediately because outdated versions will no longer be able to participate in the network. Shortly thereafter, they launched the ecosystem token design, a framework aimed at ensuring that new tokens on the Mainnet are linked to real utility rather than speculation.

Regarding the PI coin price, it’s quite noteworthy. PI closed February at around $0.17, representing a 10% increase per month, and is currently trading at a similar level. According to CoinMarketCap, the sentiment for PI coin was the second most positive on March 2nd, only behind Kaspa. This may explain why this asset has shown upward momentum recently.

What’s particularly interesting is the significant token unlocks expected in the coming weeks. The largest unlock is scheduled for March 7th, when nearly 21 million coins will be released. While this doesn’t guarantee a price drop, it could enable some investors to sell assets they’ve been waiting for a long time.

Another point to watch is the increasing amount of PI stored on centralized platforms, which has now reached approximately 435 million tokens. This trend is considered negative, as the rising supply on exchanges increases the likelihood of large-scale sell-offs.

In summary, Pi Network has several key developments, and some indicators suggest strong confidence within the community. However, it’s important to closely monitor token unlocks and the inflow of coins onto trading platforms.