I just noticed that Pi Network has quite a lot of interesting activity since the team launched the mainnet officially earlier last year. It seems that many things are happening in this ecosystem simultaneously.

From what I’ve been following, the team has been updating the protocol through several versions, and recently they announced a design for a fairly meaningful ecosystem token. The goal is to ensure that the new token is linked to real utility rather than pure speculation. Co-founders Chengdiao Fan and Nicolas Kokkalis have also answered questions about the KYC process and plans to venture into AI.

What’s interesting is the timing of all this. The community is waiting for Pi Day, which has a special significance related to the mathematical constant pi, (3.14). Last year, they used this occasion to announce ecosystem expansion, so people are eagerly anticipating whether there will be a similar announcement this time.

From a price perspective, PI closed the previous period at around $0.17 and is currently trading near that level. Interestingly, market sentiment toward PI is quite positive, ranking second today only behind Kaspa. This is quite intriguing because some are questioning why such a relatively new project has gained this much trust.

But caution is advised. Data shows that a significant amount of tokens will be unlocked soon. On March 7, (last year), nearly 21 million dollars’ worth of tokens will be released. This doesn’t necessarily mean the price will drop, but it will allow token holders to sell, which could put short-term downward pressure on the price.

Another point to watch is the increasing volume of PI on centralized exchanges, which is a negative signal. It indicates that the supply available for sale is growing, and the likelihood of large-scale sell-offs increases accordingly. So, close monitoring of the situation is essential.