Pi Network's token has dropped 71.5% over the past year, falling from a market cap above $18 billion in February 2025 to roughly $700 million now. The token trades nearly 98% below its February 2025 peak of about $3, according to exchange data.
The project's first Ecosystem Summit runs online November 17-19, focusing on developer tools and applications rather than community celebrations. Founders Chengdiao Fan and Nicolas Kokkalis will present alongside app demonstrations and a $200,000 hackathon. Market observers suggest sentiment will depend on whether showcased applications create actual demand for the PI token through real utility requirements.
Read the full story on BSC News: Pi Network Price Falls 71.5% in a Year Ahead of First Pi Ecosystem Summit
Want the day's biggest crypto stories in one email each morning? Subscribe to The BSCN Debrief