It appears that PI is attracting increasing market attention. Since Pi Network officially launched its open network in February, the February closing price was approximately $0.17, increasing by approximately 10% per month, and it is still trading at roughly the same level now. It’s interesting that PI has the second-highest positive sentiment in the market recently.

The Pi Network team has announced several important updates, including the conclusion of protocol versions 19.6 and 19.9, which will be the final steps before the long-awaited version 20. In addition, they unveiled an ecosystem token design intended to ensure that the new token is tied to real utility rather than speculation. Co-founders Chengdiao Fan and Nicolas Kokkalis also answered questions about the KYC process and entry into the AI sector.

Notably, the community is looking forward to Pi Day on March 14, a date named after the mathematical constant pi (π)3.14(. The team has previously used this day to announce major progress last year. Although it is still unclear whether they have similar plans this year, market expectations are rising.

However, caution is warranted. Data shows that token unlocks may be quite intense in the coming weeks. On March 7, nearly 21 million coins will be released, which could give some people the opportunity to sell long-awaited assets. In addition, the amount of PI held on exchanges has increased to about 435 million tokens, which is a negative signal—because the increased supply makes large-scale sell-offs more likely.

Some technical indicators suggest a potential downturn in the short term. Even though some are proposing very high price targets, what to watch is how pi related to network development and token unlocks will affect price movements.