Pi Network (PI) News Today: October 21

The price of PI remains in the red area.

The recent Pi Network developments and PI’s price performance. These are the main topics that we will discuss in the following lines.

The new updates

At the end of August, the team behind Pi Network launched the Pi Hackathon 2025: an event that encourages pioneers to create real-world applications that increase the usability of the PI token.

To increase interest, a prize pool of 160,000 coins was awarded to the eight best teams. Although the Hackathon was supposed to last until October 15, the Pi Network team has not yet revealed any details about the conclusion.

Another recent development is the upgrade of the AI-powered platform Pi App Studio. The core team unveiled new updates “to make app creation more accessible, customizable, and integrated into the ecosystem.”

What’s next?

A popular X user who appears to be a fan of Pi Network co-founder Nicolas Kokkalis in summary the project’s recent milestones and outlined what could happen next. On the Testnet side, they noted ongoing testing, AI-enabled development tools that improve day-to-day operations, and the rollout of community-built apps that benefit the broader ecosystem.

The X user foresaw the launch of Mainnet developments such as strengthened security protocols, smart KYC and wallet systems and further app integration.

“Pi Network is moving from testing to practicality and adoption. This shift will unlock true decentralized value for all pioneers,” they concluded.

Pi Price Outlook

Contrary to Pi Network’s progress, the price of its native token remains one of the worst performing cryptocurrencies (at least among the top 100 club). Currently, the stock is worth around $0.20 (according to CoinGecko data), which represents a 42% month-over-month decline and a whopping 93% crash from its all-time high of $3 in February.

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Indicators such as the increased amount of PI stored on crypto exchanges and the impending token unlocking indicate that the bulls could suffer even more in the near term. At the time of writing, more than 412 million PI are on such platforms, almost half of which are on Gate.io, while approximately 116 million coins will be released in the next 30 days. Both factors can lead to greater selling pressure.

Meanwhile, the PI community is starting to lose hope that the asset’s price could soon regain its record levels. Earlier today, the Pi News account polled X users when PI might set a new ATH. The majority (nearly 54%) expect this to happen in 2026 or later, while 33% see it happening this cycle.