Pi Network (PI) News Today: December 16

The PI has fallen below $0.20 again.

In the following lines we will discuss everything that is most interesting around these topics.

The recent development

Pi Network’s core team was central at the end of August when it launched the Pi Hackathon 2025: an event with a prize pool of 160,000 coins for the eight best participants. The ultimate goal of the initiative was to encourage pioneers to create real-world applications that increase the usability of the PI token, and it was set to end in mid-October.

The team was silent for a while and finally announced the conclusion and winners of the event last week. First place and a reward of 75,000 coins went to Blind_Lounge, while Star max finished second and took home 45,000 tokens.

In the following days, Pi Network shared more information about the winners. It described Blind_Lounge as “a privacy-first social and dating platform where people connect anonymously and reveal identities only through mutual choice.”

It got touched a few hours ago Sterrenmax, at, classify it as “a loyalty program app that allows businesses to offer loyalty programs using Pi.”

“Pioneers can spend Pi at participating stores and earn rewards, while businesses can design their own loyalty programs directly within the app to reach and grow their customer base. Because Starmax’s loyalty system fits naturally into existing retail operations, the app has great potential for real-world adoption, as a potential tool for tens of thousands of merchants integrated with Pi,” it added.

What’s next on the list?

Many Pi Network users struggle with KYC procedures and the team has tried to come up with a solution to these problems. Not long ago, it integrated additional AI tools, making it easier and faster for Pioneers to complete the verification process.

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This weekend, Pi News (an

“The real shining moment for Pi will come when a large number of real-world use cases (DApps, goods, services) emerge,” the post reads.

PI Price Outlook

Despite the news and developments regarding Pi Network, PI’s valuation continues to head south. At the time of writing, the stock is worth around $0.19, which represents a daily decline of 4% and a whopping 93% drop from the historic peak of $3 earlier this year.

X user Web3_Vibes argued that PI is “approaching the local bottom”, predicts that a pump will be highly dependent on a possible rebound from the $0.192 support level.

Meanwhile, the upcoming token unlocks are also worth watching. Data shows that 172.5 million coins will be released over the next 30 days, giving investors the chance to offload long-awaited assets. This could translate into additional supply coming onto the market and putting pressure on prices.