I saw the news that Pi Network announced the launch of an open network, which is an important milestone that allows PI to be accessible to the general public and creates opportunities for various exchange platforms to offer trading services.

As I’ve been following, the Pi Network team has announced several key updates, starting with the completion of protocol version 19.6, which means that version 19.9 is the final step before the long-awaited version 20. They warned that nodes need to update immediately, because outdated versions will no longer be able to join the network.

In addition, the team has unveiled the long-awaited ecosystem token design. This is a framework intended to ensure that the new tokens on Mainnet are tied to real utility rather than speculation. Co-founders Chengdiao Fan and Nicolas Kokkalis also answered interesting questions about the KYC process and entering the AI sector.

What’s interesting is that the community is looking ahead to March 14, or Pi Day, named after the value of π (3.14). Last year, the team celebrated the day by expanding the ecosystem, but it’s still unclear what plans there will be this year.

As for the PI price, it closed in February at around $0.17, a 10% increase month over month. Currently, the value of pi remains at roughly the same level. According to CoinMarketCap, PI has the second most positive sentiment in the market, trailing only Kaspa. This is interesting because some people wonder how “useless” cryptocurrencies such as PI can still have such strong positive sentiment.

However, some technical indicators suggest that a pullback may occur in the short term, especially because there will be a fairly heavy token unlock over the next few weeks. The date with the highest unlock is March 7, when nearly 21 million coins will be released. This does not guarantee that the price will fall, but it may allow some investors to sell assets they’ve been waiting to liquidate.

The amount of PI held on centralized platforms has been increasing gradually and is currently around 435 million tokens, which is a negative sign, because the rising supply on exchanges increases the likelihood of large-scale sell-offs.