I recently paid attention to some quite interesting developments around Pi Network. After launching the Mainnet in February last year, the team continued to announce a series of important updates for the ecosystem. First, they completed protocol v19.6, with v19.9 considered the final step before v20 launch. The team also reminded nodes to update immediately; otherwise, they won't be able to participate in the network.

Subsequently, Pi Network introduced Token Ecosystem Design—a framework to ensure new tokens on the Mainnet are linked to real-world value rather than mere speculation. Founders Chengdiao Fan and Nicolas Kokkalis also answered many hot questions about the KYC process and the project's steps into the AI field.

The most notable aspect from a price perspective is that PI just closed February at around $0.17 with a positive monthly growth, and is currently trading at $0.18. According to CoinMarketCap, Pi Network has the second-highest bullish sentiment today, only behind Kaspa, surpassing XRP, ADA, and ETH. This has left some observers quite puzzled—how can a project considered "useless" have such strong bullish sentiment?

But there's one thing to note. Data shows that in the coming weeks, there will be a significant token release, especially on March 7th when nearly 21 million tokens are issued. Additionally, the amount of PI on centralized exchanges has recently increased to nearly 435 million tokens, which could put selling pressure in the near future.

Furthermore, the community is waiting for March 14th—what they call Pi Day. Last year, this day saw major announcements about ecosystem expansion, so there’s a good chance something special will happen again this time. I will continue to monitor Pi Network developments in the coming weeks.