The Pi Network$ETH is a blockchain-based digital currency platform developed by Stanford PhDs Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. It allows users to mine Pi coins using a mobile app, making cryptocurrency more accessible to everyday people.
Key Features of Pi Network:
Pi Network launched its mainnet in February 2025, initially boosting its price to$ETH $2.98, but it later dropped to around $0.66, causing significant market value loss.
Research suggests token unlocks, like 124 million in April 2025, are likely contributing to price volatility, with 1.53 billion more expected over the years.$ETH
It seems likely that operational issues, such as KYC verification problems, and centralization concerns are impacting community trust, with mixed reactions online.
The project is actively developing, with initiatives like Pi Ad Network and PiFest aiming to enhance utility, but challenges remain.