This article discusses recent developments within the Pi Network ecosystem and analyzes the current price performance of its native token, PI.
Recent Pi Network Updates
In late August, the Pi Network team initiated the Pi Hackathon 2025. This event aims to encourage Pioneers to develop real-world applications that enhance the utility of the PI token. To incentivize participation, a prize pool of 160,000 PI coins was designated for the top eight teams. Although the Hackathon was originally scheduled to conclude on October 15, the Pi Network team has not yet provided specific details regarding its finalization.
Further enhancing the ecosystem, the AI-powered platform Pi App Studio has undergone upgrades. The Core Team has introduced new features designed to make app creation more accessible, customizable, and integrated within the Pi Network's broader environment.
Future Outlook for Pi Network
A prominent user on X, recognized for their support of Pi Network co-founder Nicolas Kokkalis, has outlined recent project milestones and potential future developments. On the Testnet, consistent testing has been observed, alongside the implementation of AI-assisted development tools that are improving daily operations. The rollout of community-developed applications is also expected to benefit the wider ecosystem.
This X user anticipates the launch of Mainnet developments, which are likely to include enhanced security protocols, sophisticated Know Your Customer (KYC) and wallet systems, and expanded application integration.
"Pi Network is evolving from testing – real-world utility & adoption. This shift will unlock true decentralized value for all Pioneers," the user concluded.
PI Price Analysis
Despite the ongoing advancements in the Pi Network, the price of its native token, PI, has demonstrated weak performance, ranking among the lowest-performing cryptocurrencies within the top 100. Currently, PI is trading at approximately $0.20, according to CoinGecko data. This represents a 42% decrease over the past month and a significant 93% drop from its all-time high of $3, which was recorded in February.
Several indicators suggest that the token's price may face further downward pressure in the short term. These include an increasing amount of PI held on cryptocurrency exchanges and upcoming token unlocks. As of the current writing, over 412 million PI tokens are held across various exchanges, with a substantial portion, nearly half, on Gate.io. Additionally, approximately 116 million PI tokens are scheduled for release within the next 30 days. Both of these factors could contribute to increased selling pressure.
Meanwhile, sentiment within the PI community indicates a declining hope for the asset's price to reach its previous record high in the near future. A recent poll conducted by the Pi News account on X asked users when they anticipate PI reaching a new all-time high. The majority of respondents, nearly 54%, expect this to occur in 2026 or later, while 33% believe it will happen within the current cycle.
