Pi (Pi Coin) has decreased by 3.44% over the past 24 hours, now trading at $0.16.

Gate News Bot Message, February 5th, according to CoinMarketCap data, as of press time, PI (Pi Coin) is currently trading at $0.16, down 3.44% in the past 24 hours, with a high of $0.17 and a low of $0.15. The current market capitalization is approximately $1.366 billion.

Pi is the first digital currency that can be mined on a mobile phone, utilizing innovative technology to enable mining without draining the battery. The project features decentralization, mobile-first design, and environmentally friendly principles, lowering the difficulty of cryptocurrency mining through a free mobile app, making it easy for users to participate in the crypto ecosystem. Pi Network aims to create a secure, tamper-proof, and interoperable digital currency while protecting user privacy and the planet’s environment.

Recent Important News about PI:

1️⃣ Ecosystem applications accelerating deployment, gradually validating payment scenarios

Pi Network has recently launched multiple practical applications, pushing the ecosystem towards real-world use. The TokPi short video social app is now officially live, allowing users to send digital gifts with Pi for content incentives, supporting 10 languages; the Fixora local service marketplace is also live, enabling users to pay for household cleaning, repairs, and other services with Pi Coin. These launches indicate Pi is evolving from a simple mining asset into a daily usable payment tool, providing concrete pathways for real circulation scenarios. While this is a short-term positive for the price, demand absorption capacity remains limited.

2️⃣ Developer tools improved alongside incentive mechanisms, increasing ecosystem participation

Pi Network released a new SDK and API toolkit, allowing developers to integrate Pi payment functions in as little as 10 minutes, supporting multiple front-end technologies like JavaScript and React, as well as back-end frameworks such as Next.js and Ruby on Rails. In the creator incentive campaign, the first 1,000 participants will receive 5 Pi points for App Studio. This approach significantly lowers integration barriers and offers creative rewards, further attracting developers and content creators to participate in ecosystem building. While helpful for expanding the application ecosystem, its impact on current price pressure is relatively limited.

3️⃣ On-chain infrastructure improved, progress in mainnet stablecoin integration

Pi Network has officially opened support for USDT on the testnet wallet, with the test USDT circulation approaching 59,000 tokens. Users can familiarize themselves with on-chain payments and DeFi operations in a risk-free environment. Data accumulated from real-world simulations helps optimize protocols and user experience, reducing technical friction when the mainnet launches and laying a technical foundation for future stablecoin transactions.

4️⃣ European compliance framework established, institutional operation foundation solidified

Pi Network completed registration of its white paper with the European Securities and Markets Authority (ESMA) (Registration No. 549), and Valour Pi ETP has been listed on a regulated market in Sweden, marking proactive adaptation to the EU MiCA regulatory framework. Additionally, an AI-driven KYC upgrade system is being developed to accelerate user migration to the mainnet. These compliance and technical upgrades create necessary conditions for institutional participation and systematic development, though their short-term direct support for the price is limited.

5️⃣ Structural supply pressure persists, market liquidity remains a major challenge

Over 4.6 million Pi still enter circulation daily, with about 55.8 million Pi awaiting unlock before the end of the month, and approximately 419 million Pi in a state ready to flow into the market at any time. The 24-hour trading volume is around $13.1 million, with relatively limited market liquidity. Facing intense unlock pressure and ongoing supply expansion, even with application launches and feature upgrades advancing the ecosystem, mechanical supply growth keeps potential buyers on the sidelines. Short-term rebounds are unlikely to sustain. Currently, Pi Coin trades around $0.16, approaching the 23.6% Fibonacci retracement support level; if broken, it could further decline toward the $0.15 low. Only when unlock speeds slow, circulating supply decreases significantly, and on-chain demand can truly absorb the new tokens will the price have a chance to rebuild a more solid bottom support.

This message is not investment advice; please be aware of market volatility risks.