Gate News Bot Message, February 6th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.14, down 7.50% in the past 24 hours, with a high of $0.17 and a low of $0.13. The current market capitalization is approximately $1.273 billion.
Pi is the first digital currency that can be mined on a mobile phone, utilizing groundbreaking technology to achieve battery-safe mining on smartphones. Pi Network aims to make crypto mining simple and accessible, providing more people with the opportunity to enter the cryptocurrency ecosystem through decentralized, mobile-first, user-friendly design. Users can start mining by simply downloading the official app, without the need for complex hardware investments, while also protecting user privacy and the environment.
Recent Important News about PI:
1️⃣ Large Fund Transfer by Core Team
The Pi Network core team recently transferred over 500 million PI. Such large-scale fund movements often attract market attention and cause fluctuations in trading sentiment, potentially exerting short-term pressure on the price.
2️⃣ Mainnet Migration and Security Upgrades
The project is advancing the mainnet migration and implementing major KYC and security upgrades. While these technical developments are constructive for long-term growth, they may cause market expectations and liquidity to adjust during the transition period.
3️⃣ Market Trading Depth and Liquidity Pressure
Recently, PI’s trading volume has significantly decreased, putting pressure on market liquidity. In the context of declining trading volume, even small fluctuations can trigger larger price movements, which has contributed to the current 7.50% decline.
This message is not investment advice. Please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Coin whales resume buying! Despite losing 90 million, they increase their position, purchasing 7 million coins in a single week.
Pi coin price hovers at a historic low, but Pi's biggest whale resumed purchasing after a one-month pause, buying 7 million coins worth over $938,000 last week. The whale currently holds over 383 million tokens valued at more than $50 million, down from a peak of $140 million, representing a loss of approximately $90 million.
MarketWhisper25m ago
Pi Network price hits a new all-time low! 59.4 million tokens unlocked may trigger another wave of selling
Pi Network price hits a historic low of $0.132, a 95.6% drop from $3 a year ago. PiScan data shows that 59.4 million tokens will be unlocked over the next three days, far exceeding the average of 8.5 million per month. On February 12, 18.9 million tokens will be unlocked; on February 13, a record 23.6 million will be unlocked; and on February 14, 16.9 million will be unlocked.
MarketWhisper1h ago
PI (Pi Coin) has decreased by 4.02% in the past 24 hours, now trading at $0.13
Gate News Bot Message, February 11th, according to CoinMarketCap data, as of press time, PI (Pi Coin) is currently trading at $0.13, down 4.02% in the past 24 hours, with a high of $0.16 and a low of $0.13. The 24-hour trading volume reached $11.4 million. The current market capitalization is approximately $1.202 billion, a decrease of about $50.4 million from yesterday.
Pi is the first digital currency that can be mined on a mobile phone, utilizing groundbreaking technology to enable mining on mobile devices without draining the battery. Pi features decentralization, providing a secure, tamper-proof, and interoperable digital currency; it also adopts a mobile-first design that is user- and environmentally friendly, requiring no large-scale electricity consumption. Users can start mining for free by downloading the mobile app, and they only need an invitation from an existing trusted member in the network to join.
GateNewsBot18h ago
Pi Network Releases Key KYC and Mainnet Migration Updates: What Pioneers Need to Know
Key Takeaways
Pi Network has unblocked nearly 2.5 million Pioneers previously restricted from Mainnet migration.
The total number of
CoinsProbe23h ago
Pi Network Testnet Expands Ecosystem! Starpath and Pitogo Social Improve User Experience
Pi Coin launches the Starpath and Pitogo Social testnets. Starpath is an AI chatbot that helps users learn about blockchain and Web3 features. Pitogo Social creates a robot-free community platform where users can publish content and earn active points. 16 million users have migrated to the mainnet, with a total of 35 million registered users.
MarketWhisper23h ago
