Gate News Bot Update, February 28 — According to CoinMarketCap data, at press time, PI (Pi) is trading at $0.17, up 2.82% in the past 24 hours. The highest price reached $0.17, and the lowest dipped to $0.16. The 24-hour trading volume is $150 million. The current market capitalization is approximately $1.617 billion, an increase of $44.3 million from yesterday.
Pi Network is a groundbreaking mobile cryptocurrency mining platform that allows users to mine easily through a mobile app without consuming large amounts of electricity. The project uses innovative technology to achieve truly decentralized, secure, and tamper-proof digital currency. Pi emphasizes user-friendliness and sustainability, aiming to address the high energy consumption of traditional crypto mining and enable more ordinary users to participate in the crypto ecosystem. Users can start mining for free by downloading the Pi mobile app and joining the network through an invitation from existing trusted members.
Additional Analysis
Recent Important News for PI:
1️⃣ Platform Major Update and Node Enhancement Draw Market Attention
The March 1 deadline has become a recent market focus. Users need to complete related actions before this date. Such phased deadlines often boost community activity and trading enthusiasm in the short term, providing support for the price.
2️⃣ Founder Responds Proactively to Market Concerns
The project team publicly addressed user concerns, with the founder reaffirming the project’s innovative non-mainstream approach and long-term vision. This proactive communication helps stabilize community confidence, alleviates market doubts about the project’s direction, and lays a psychological foundation for price recovery.
3️⃣ New Token Mechanism Update Expands Ecosystem
The platform introduced new token-related features, offering community members more participation options and earning opportunities. An enriched ecosystem often attracts more user attention and involvement, which is positive for the token’s long-term liquidity and market enthusiasm.
This news is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network Agreement 23 Targets the Institutional Market, Smart Contracts, and RWA Tokenization to Launch in Early May
Pi Network officially went live with Protocol 23 on May 18, bringing smart contracts, real-world asset tokenization, and the AI App Studio, enabling Pi to transform from a payment token into a programmable blockchain infrastructure. The protocol covers four major functions, similar to Ethereum, and is expected to attract institutional investors. The upgraded node milestones signal market confidence and may affect Pi’s price performance.
MarketWhisper23h ago
Pi Network 18 million users complete KYC, and 26.5 million PI are issued to verifiers
Pi Network distributes 26.5 million PI tokens to more than 1 million community members who have completed KYC verification, to accelerate user identity verification and strengthen the decentralized model. 18 million already-verified users have laid the groundwork for the ecosystem’s development, but the key lies in how to convert these users into active participants. With the protocol upgrade, Pi Network is moving toward the open network phase, and smart contract support signals richer application scenarios.
MarketWhisper04-14 05:07
Pi Network price hits a new 7-week low as a wave of 60 million token unlocks comes in
Pi Network's native token PI fell to $0.165 in April, hitting a 7-week low and leaving market sentiment weak. The unlock peak will release more than 60 million PI, adding downward pressure. Despite the core team recently publishing technical updates, it failed to improve market confidence and instead drew community criticism due to KYC access issues and the ongoing slide in price. Increased future supply could further drive prices lower.
MarketWhisper04-14 02:50
Pi Network Distributes 26.5M PI to 1M KYC Validators
Pi Network has taken another step forward in building its ecosystem. The project recently distributed 26.5 million PI tokens to more than 1 million KYC validators.
These rewards were given to users who helped verify identities on the network. This process is important. Because it ensures that
Coinfomania04-13 13:30
Pi Network PIRC baseline protection mechanism sparks controversy, implying a “quasi-stablecoin” logic
Pi Network member Daniel F raised a logical contradiction in the PIRC token design, noting that if it has a 23.8% floor protection, it would need to behave like a stablecoin, which conflicts with its high volatility on CEX. This floor is based on Pi’s price calculations; if Pi itself fluctuates significantly, it will be unable to effectively protect holders. Daniel emphasized the importance of transparency, but the project team did not respond to it, leading the community to continue speculating about the reasons for its silence.
MarketWhisper04-13 02:23
