Recently, Pi Network has experienced quite a few movements. In February of last year, the project officially activated the open network, allowing PI to be traded publicly on exchanges. According to CoinMarketCap, PI closed that month at $0.17, increasing about 10% each month. Currently, it’s around $0.18 and has a quite positive sentiment.

The team announced a series of significant ecosystem updates. They completed protocol v19.6, preparing for the long-anticipated v20. Additionally, they introduced a new Ecosystem Token design, aiming to link new tokens with real-world features instead of just speculation. The co-founders Chengdiao Fan and Nicolas Kokkalis also answered hot questions about the KYC process and the project's AI direction.

What’s notable is that on CoinMarketCap, PI is currently the second most positive sentiment today, only after Kaspa. Higher than XRP, ADA, and ETH. This has confused some people, wondering why a token like this would have such a strong bullish sentiment.

However, it’s important to note that in the next few weeks, many PI tokens will be released, especially on March 7th when nearly 21 million tokens will launch. The amount of PI on exchanges is also gradually increasing to about 435 million tokens, which could put selling pressure. So, it’s essential to monitor closely during this period; Pi Network still has many variables.