In a week where most cryptocurrencies saw major price declines, the PI token from Pi Network has stood out by rising nearly 50%.
Crypto Market Decline
From February 19th to February 26th, nearly all major digital currencies lost value. Bitcoin dropped more than 10%, while Ethereum fell over 12%. Many smaller coins and memecoins performed even worse. Only a few tokens, such as IP, MKR, TIA, SEI, and PI, managed to gain value. According to data from CoinMarketCap, PI's price jumped by almost 50%.
Context of Pi Network
Pi Network claims to make cryptocurrency mining possible on mobile phones and has attracted millions of users worldwide. A major development was the launch of its Open Network on February 20th, 2025. At the same time, the PI token became available on several major exchanges, leading to its rapid value increase.
Reasons for PI Token's Success
Despite predictions of a crash, PI token continues to rise. Factors may include increased excitement following the successful Open Network launch and the loyalty of the 'Pioneers' community. There are also reports of technical issues with token access, potentially limiting sell pressure.
The future of PI token remains uncertain. The cryptocurrency market is known for its volatility, and time will tell if PI can maintain its success.
