Yesterday, I noticed that PI is trending again in the market, and there are quite interesting reasons behind it.

This project has gone through a very significant period in recent months, starting with the official launch of the open network in mid-February. This made PI widely accessible and opened the door for exchanges to offer trading services. The team also announced an update to protocol version 19.6 and warned that nodes must update immediately; otherwise, they will not be able to participate in the network anymore.

What’s interesting is that they have unveiled a rather compelling ecosystem token design, with the goal of ensuring that the new tokens are linked to real utility—not just speculation. Co-founders Chengdiao Fan and Nicolas Kokkalis also answered questions about the project’s KYC process and its entry into the AI sector.

Now everyone is waiting for March 14, also known as Pi Day, which is synonymous with the mathematical constant pi (3.14). Last year, the team celebrated this day by expanding the ecosystem, but it’s still unclear what plans they have for this year.

From a price perspective, PI closed last month at around $0.17 and is currently trading at $0.19, indicating that pi is still attracting attention. According to market data, PI has a fairly high positive sentiment, even though it remains at a 50-50 split between bullish and bearish views.

But what’s concerning is that over the next few weeks, there will be a rather significant token unlock. On March 7, nearly 21 million of the coins will be released. In addition, the amount of PI held on centralized exchanges in the middle has increased to approximately 435 million tokens. This trend is considered negative because it could lead to a large-scale sell-off.

In summary, PI is at an interesting point: there’s positive momentum driven by project development, but there are also risks from token unlocks and the increasing amounts on exchanges. Those following pi should keep an eye on the movement over the coming week, especially as Pi Day approaches.