Pi Network (PI) Today’s News: March 2

PI has a second bullish sentiment today (March 2).

Last month, the Pi Network team celebrated a special milestone and announced several important updates aimed at improving the entire ecosystem.

Despite the complete volatility, PI closed February in the green, which may explain why it has trended recently.

What are the latest and future developments?

It was February 20, 2025, when the Pi Network officially launched its Open Network, which made PI publicly available and allowed exchanges to offer trading services with it. Last month, the team celebrated the one-year anniversary of this milestone and revealed several important updates.

It marked the end of the v19.6 protocol, making v19.9 the final step before the much-anticipated v20. The team also reminded that nodes must migrate quickly, as older versions can no longer participate in the network.

Shortly after, Pi Network Design introduced its long-awaited Token Ecosystem Token, a framework to ensure that new tokens on the Mainnet are linked to real services, not speculation. The team invited pioneers to review the mode and provide feedback before final implementation.

In addition, Pi Network co-founders Chengdiao Fan and Nicholas Kokkalis answered some hot questions that included the controversial KYC process, the entity’s leap into the AI ​​sector, and other interesting topics.

Public attention is now focused on March 14: a date known throughout the community as Pi Day due to its symbolic resemblance to the mathematical constant π (3.14). The team marked the same date last year with an ecosystem expansion, but it’s unclear if they’re planning something similar in less than two weeks. User X Pi Community stated that Pi Day has always been “a powerful moment to showcase great progress, current work, and whatnot.”

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PI in Focus

PI closed at around $0.17 in February, representing a 10% month-over-month gain. Currently, it is trading just south of that mark, which may explain why the asset has been trending up lately.

According to CoinMarketCap, PI has the second highest bullish sentiment today (March 2), behind only Kaspa (KAS). At the bottom of the list are popular altcoins such as Ripple (XRP), Cardano (ADA) and Ethereum (ETH).

This development surprised some market watchers. For example, user X Mr. Brondor wondered how a “useless crypto” like PI could have one of the strongest emotions.

Character locks and more

While some industry participants are floating the unrealistic idea (at least for now) that PI could break out to $50, some technical indicators suggest that a short-term correction may also be on the way.

The data shows that token unlocking will be very aggressive over the next few weeks, with the record day being March 7th, when around 21 million coins will be released. This doesn’t guarantee a price drop, but it does allow some investors to offload assets they’ve been holding on to for a long time.

Meanwhile, the amount of PI held on centralized platforms has been gradually increasing recently and now stands at around 435 million tokens. This trend is considered bearish, as the increasing supply of exchange increases the probability of a significant selloff.