Gate News Bot Report, February 24 — According to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.16, up 3.58% in the past 24 hours, with a high of $0.19 and a low of $0.16. The current market capitalization is approximately $1.511 billion.
Pi is the first digital currency that can be mined on mobile phones, utilizing breakthrough technology to enable mining on mobile devices without draining the battery. PI adopts a decentralized design, providing a secure, tamper-proof, and interoperable digital currency; it also features a mobile-first approach, consuming minimal power, user-friendly, and easy to use. Users can start mining through a free mobile app, requiring only an invitation from existing trusted members in the network to download the app and join.
Important Recent News about PI:
1️⃣ Price Rebound Trend Gradually Confirmed
PI has recently experienced a clear rebound. After an initial correction, PI tokens stabilized and showed an upward trend. The 3.58% increase reflects a gradual restoration of market confidence. Looking at the price range, $0.16 acts as support, while $0.19 is a short-term resistance level, overall showing a pattern of bottoming out and consolidating.
2️⃣ Market Attention Continues to Rise
Key price levels of PI over the past week have attracted widespread market attention, including technical analysis of failed breakouts and trading opportunities during the rebound process. This sustained market focus helps maintain investor awareness of the token and provides a foundation for price stability.
3️⃣ Mobile Mining Advantages Remain Prominent
As the first digital currency that can be mined on mobile phones, PI’s low energy consumption and user-friendly features continue to maintain strong competitiveness in the market. The free app model lowers participation barriers, and this innovative consensus mechanism and decentralized design continue to attract users interested in the mobile ecosystem.
This message is not investment advice. Investors should be aware of market volatility risks.
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 Network (PI) Jumps 6% — Could This Breakout Lead to More Gains?
_Key Takeaways_
_PI has broken out of a descending broadening wedge, signaling a potential short-term trend reversal._
_Holding
CoinsProbe9h ago
Pi Network Celebrates One Year of Open Network: A Look at the 2026 Key Metrics
_Key Takeaways_
_Explosive Growth: 16.2M+ Mainnet migrations, 17.7M KYC-verified users, 300+ ecosystem apps (3× from 2025), and local
CoinsProbe10h ago
Another 300M Pi Transferred – Pioneers Who Waited Are About to Get PAID!
The recent transfer of 300 million Pi tokens marks a key milestone for the Pi Network, enhancing migration infrastructure and user confidence. It demonstrates operational preparedness, though challenges like KYC delays persist. Successful execution could solidify its market position.
Coinfomania10h ago
On Pi Network's anniversary, 300,000 Pi Coins flowed out to CEX. Can the price hold the key support level?
February 24 News, on the first anniversary of the Pi Network open mainnet launch, approximately 300,000 PI tokens have flowed out from centralized exchanges, with the price of Pi Coin remaining around $0.16. This outflow reflects a decrease in immediate seller liquidity on exchanges and highlights increased community engagement and ecosystem activity. The Pi core team stated that since the mainnet went live independently, the project has achieved significant growth in KYC approval, mainnet migration, developer activity, and overall network participation.
On-chain data shows that in the past 24 hours, exchange wallets have net outflows of approximately 305,547 Pi Coins, with one CEX alone net outflowing over 623,000 Pi Coins, offsetting small inflows on platforms like Gate. Although this change is limited relative to the total supply, combined with the anniversary celebration, it indicates that the network ecosystem is steadily expanding, and long-term holders remain confident.
GateNewsBot13h ago
Pi Network Posts Record Growth Metrics, So Why Does the Pi Coin Chart Look Dead?
Pi Network just marked another milestone since launching its Open Network, highlighting what it describes as solid ecosystem growth across multiple fronts. From KYC completions to Mainnet migrations and developer activity, the numbers look impressive on paper.
At the same time, the Pi Coin
CaptainAltcoin14h ago
