Although Pi Network’s native token PI is in a sharp decline in price, the project team continues without slowing down with innovations that will strengthen the ecosystem. Finally, the team announced that it has made important updates to the “Pi App Studio” platform. The goal of these updates is to make app development more accessible and customizable. Additionally, artificial intelligence-supported features have been added to increase intra-community interaction.
Improvements Attract Attention
According to the statements made by the team, Pi App Studio stands out as an artificial intelligence-supported platform where users can develop decentralized applications (dApp) without needing any programming knowledge. It was launched on June 28, a special date known by the Pi community as “Pi2Day.”
In addition, the “Pi Hackathon 2025” event, which started on August 21, aims to preserve the vitality of the ecosystem. This event, which encourages developers to create real-world applications that will expand the use of the PI token, has a prize pool of 160,000 PI. These awards, which will be distributed to the top eight teams, aim to support creativity within the community. However, although the event is scheduled to end on October 15, no official announcement about the results has been made yet.
Sharp Decline in PI Price
Despite all these positive developments, the PI price has experienced a serious decline in recent months. The token, currently trading at around $0.20, has lost 43 percent of its value in the last month and 93 percent from its peak in February. This sharp decline is due to both the decrease in investor interest and the selling pressure created by the upcoming token unlocks.
Approximately 120 million PI tokens are expected to enter circulation next month. Although this amount is lower than previous periods, it has the potential to increase supply pressure in the market.
Despite all this picture, according to analysts, there are signs of recovery on the Pi Network front. With 2.6 million PI transferred from central exchanges to personal wallets in the last 24 hours, the total amount of PI on exchanges decreased to 411 million. This indicates that short-term selling pressure may decrease.
Another positive indicator is the Relative Strength Index (RSI), which is frequently used in technical analysis. The RSI value is currently at 26, which indicates that it is in the oversold zone, so the price may make a correction.
The fact that the Pi Network team continues its development activities without slowing down reflects the project’s desire to survive in the long term. However, in order to ensure price stability in the short term, investor confidence needs to be rebuilt. Although the RSI data indicates a possible reaction, the impact of new tokens entering circulation on the market should be closely monitored.
