#PI The latest news and trends related to Pi Network as of June 3, 2025:

Mainnet Progress: The Pi Core Team has confirmed that the mainnet will officially launch in the third quarter of 2025, most likely in July. As of June, most key components, such as wallet upgrades, validator framework, and Pi integration, have either gone live or are in the final testing phase.
Ecosystem Development: Pi Network has launched a $100 million venture capital fund to support the development of decentralized applications in fields such as fintech, gaming, e-commerce, and artificial intelligence. Some ecosystem applications, such as Pi Chain Mall and Fireside Forum, are now compatible with the mainnet.
KYC Process: With the help of artificial intelligence, the KYC procedure has been significantly improved, reducing response times and eliminating bottlenecks, allowing more users to unlock Pi to participate in mainnet activities.
Price Trend: The price of Pi is currently under significant downward pressure and has fallen more than 75% since its high near $3 in February and is currently trading around $0.68, hovering in a range of $0.688 to $0.816. Technical indicators are showing a pessimistic outlook with all major moving averages above current prices and a neutral RSI at 43.6, while both the MACD and Chaikin oscillators are showing negative momentum. By June, 263 million Pi coins will be unlocked, which could further dilute the value of Pi coins and increase price downside risk.