Pi Network, a project started by Stanford PhDs aiming to create a fair and open financial system for everyone, has now been downloaded over 120 million times worldwide.
In the last 30 days alone, it gained 1.3 million new users—a strong sign of growing global interest.
The project, which is focused on decentralized finance, has also been heating up as Banxa received K.Y.B (Know Your Business) approval to sell Pi Coin (PI) in a global capacity.
This is a big deal, as it opens the door for global buying and selling of Pi. Earlier reports stated that Banxa purchased over $30 million worth of Pi and now plans to sell it worldwide.
The price of Pi Coin is currently under pressure and has been stuck in a consolidation phase for around 40 days. It is now trading just above $0.58 and needs to reclaim the $0.60–$0.62 range with strong volume to regain momentum.
Technical indicators show weakness: the price is below its 10, 20, and 50-day moving averages, the RSI is near 40 (suggesting weak buying interest), and the MACD shows no sign of a bullish reversal.
As major token unlocks continue, traders remain cautious.
Pi Coin launched at around $2 and quickly surged to $2.90. It was listed on five exchanges and even reached the top 11 on CoinMarketCap.
However, after that, the price dropped, reaching as low as $0.40, and many began doubting the project, calling it useless.
While the network’s growth is strong, the next few weeks will be crucial for the price direction of Pi. Still, for many in the Pi community, the long-term vision matters more than short-term price movements.
