Amidst the decline of most cryptocurrencies, PI Token from Pi Network has shown an impressive growth of 50%.
Crypto Market Takes a Beating
The past week has been tough for cryptocurrency investors. From February 19th to February 26th, almost all major digital currencies lost value. Bitcoin dropped more than 10%, while Ethereum fell over 12%. A few smaller tokens managed to hold their value, including PI, MKR, TIA, and SEI. Amidst this, PI Token showed a rare 50% increase.
Context on Pi Network
Pi Network has been a hot topic in the crypto community, offering mobile crypto mining. On February 20th, 2025, the project finally launched the Open Network stage. This major milestone had been delayed since 2022. On the same day, PI Token began trading on major exchanges such as OKX and MEXC. However, Bybit refused to list it amidst scam allegations.
No Major Sell-Off
Experts predicted that PI Token would crash soon after its exchange listing, expecting a mass sell-off. However, PI defied these expectations by maintaining and increasing its value, which is atypical for newly listed tokens.
It's too early to say if PI Token's positive performance will continue. However, its success highlights the power of community and the importance of new projects in the crypto world. The coming weeks will show whether PI Token can maintain its current position.
