Pi Network celebrated its sixth anniversary on March 14, also known as Pi Day 2025, with three significant platform updates. However, during this celebration, its native Pi Coin faced a challenging market, experiencing an 8% drop in the past 24 hours.
At the time of publication, Pi Coin was down approximately 3% and has faced ongoing price challenges, falling 20.1% over the past week and 35.5% over the last two weeks, according to CoinGecko data. Currently, Pi Coin is trading in the $1.43-$1.59 range, significantly below its all-time high of $2.99 reached on February 26, marking a decline of 51.8% from that peak.
Pi Network Shares Ecosystem Improvements Amidst Bearish Action
Despite the bearish trend, Pi Network introduced several ecosystem improvements coinciding with its anniversary and the global PiFest event. One of the key features is the .pi Domains Auction system, aimed at enhancing platform-level utility for Pi Coin and establishing essential infrastructure for the network’s ecosystem.
The project celebrated this milestone by stating, “Happy Pi Day 2025, Pi Network’s 6th official anniversary! With the Open Network now launched, we commemorate the expansion of Pi Network’s ecosystem on all levels and real-world functionality.”
Pi Day, observed on March 14, honors the mathematical constant π (pi), approximately 3.14159. The .pi Domains feature will enable community members to secure customized domain names for various uses within the Pi ecosystem, following the recent launch of the Open Network, which allows for external connectivity.
Additional updates include a revamped Mainnet Ecosystem interface and an expansion of Mainnet Ecosystem applications, alongside the launch of the PiFest shopping period.
Originating in 2019 as a mobile app, Pi Network allows users to “mine” Pi through daily check-ins, making it accessible to millions globally. While the coin is currently down from its all-time high, it remains above its all-time low of $0.6157, recorded on February 20, 2025, having gained 133.9% since that low. This situation illustrates the common disconnect between development progress and market performance in cryptocurrency projects.
Source: CoinGecko
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