It’s been a year since Pi Network launched its open network last February, but lately things have started to pick up again. It seems that a number of improvements are in progress, such as protocol updates and new ecosystem token design. The team—including co-founder Nicolas Kokkalis—is actively sharing information, especially about the KYC process and AI-related topics.

PI ended last February at about $0.17, and since then it has been trading at roughly the same level. For now, according to CoinMarketCap’s sentiment indicator, it shows the second-highest bullish sentiment after Kaspa, so it seems to be getting quite a lot of attention in the market. However, when you look at what the team led by Nicolas Kokkalis has announced, a short-term correction phase may be approaching.

What I’m concerned about is that a significant amount of tokens is scheduled to be unlocked over the next few weeks, and that the amount of PI supply stored on centralized platforms has been continuing to increase. In particular, I’m keeping an eye out for any important announcements ahead of Pi Day in mid-March. In the short term, selling pressure could rise, and how the long-term ecosystem vision unfolds will likely be the key.