Pi Network (PI) News Today: March 2

PI has the second highest bullish sentiment today (March 2).

Despite the increased volatility, PI ended February in the green, which could explain why it has been trending lately.

The recent developments and what is the next step?

It was on February 20, 2025, when Pi Network officially launched its Open Network, making PI publicly accessible and allowing exchanges to offer trading services with it. Last month, the team celebrated the first anniversary of that milestone and unveiled a number of major updates.

It revealed the completion of protocol v19.6, making v19.9 the final step before the long-awaited v20. The team also reminded that nodes must migrate quickly, as outdated versions can no longer participate in the network.

Shortly afterwards, Pi Network introduced its long-awaited Ecosystem Token Design, a framework intended to ensure that new tokens on the Mainnet are tied to real utility rather than speculation. The team urged Pioneers to review the mode and provide feedback before final implementation.

Additionally, Pi Network co-founders Chengdiao Fan and Nicolas Kokkalis answered some topical questions on the controversial KYC process, the entity’s leap into the AI ​​sector, and other intriguing topics.

The community’s attention has now shifted to March 14: a date known throughout the community as Pi Day, due to its symbolic similarity 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. X user Pi community claimed that Pi Day has always been “a powerful moment to showcase great progress, current work and the future.”

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PI in focus

PI closed at around $0.17 in February, representing a monthly increase of 10%. It is currently trading just south of that level, which could explain why the asset has been popular lately.

According to CoinMarketCap, PI has the second highest bullish sentiment today (March 2), behind only Kaspa (KAS). Further down the list are well-known altcoins such as Ripple (XRP), Cardano (ADA) and Ethereum (ETH).

This development has left some market observers baffled. X user Mr. Brondor for example, wondered how “a useless crypto” like PI could have one of the strongest bullish sentiments.

Token unlocks and more

While some industry participants have been floating Given the unrealistic (at least as of now) idea that the PI could explode as high as $50, certain technical indicators suggest that a short-term correction could also be on the way.

Data shows that token unlocking will be quite aggressive in the coming weeks, with the record day being March 7, when almost 21 million coins will be released. This won’t guarantee a price drop, but it will allow some investors to get rid of the assets they’ve been waiting to get for a while.

Meanwhile, the amount of PI stored on centralized platforms has gradually increased recently and now stands at almost 435 million tokens. This trend is considered bearish because growing currency supply increases the likelihood of a substantial sell-off.