The controversial crypto project continues to draw attention due to some interesting initiatives announced by its team and community.
The native token – PI – remains in red territory on a weekly scale, but one key factor suggests a short-term rebound could be on the way.
The Naming Contest
Several hours ago, the popular X account Pi News, which is dedicated to covering PI-related developments, revealed that its own mascot is a smiling yellow cat that has the PI symbol on its forehead. It dared the community to come up with a name for that good-luck charm and announced a 10,000 PI prize pool.
“Who can come up with a name that will go down in history? We will exclusively give away $2,000 worth of PI,” the disclosure reads.
Numerous X users have already given their suggestions. The Times of PiNetwork proposed the mascot’s name “Pika,” an interesting combination of “PI” and “cat” that means “to shine” in Japanese.
“Since PI is a futuristic digital currency, this name perfectly reflects its brilliance and the adorable personality of its mascot,” they added.
Other candidates for the name include CatPi, Pisipisi, Pinny, and Archie (after the Greek mathematician Archimedes, who calculated an early approximation of Pi around 250 BCE). It’s worth noting that this naming contest is for the Pi News account, which is not officially related to the Pi Network project, but it’s perhaps the most popular of the bunch.
Other Developments
The official team behind Pi Network has also been quite active lately. A few days ago, it released a new developer library that enables Pioneers to integrate Pi payments into their applications in under ten minutes.
“The library bundles the Pi SDK with backend APIs into a single, streamlined setup, significantly reducing the amount of time needed to add payments to apps,” the announcement reads.
The ultimate goal is to give developers more time to build and improve products for users. They will be able to use JavaScript or React on the frontend, while the backend supports Next.js and Ruby on Rails.
Prior to that, the Core Team released its 2025 recap, highlighting the top advancements in its ecosystem over the past 12 months. The most significant events seem to be the long-awaited mainnet and token launch in February.
PI Price Outlook
As of this writing, PI trades at roughly $0.20, representing a 2.5% weekly decline and a staggering 93% drop from the $3 all-time high seen last year.
The recent exodus from exchanges, though, signals potential good news for the bulls. Over the past 24 hours, more than 1.6 million tokens have been transferred from centralized platforms to self-custody methods, which typically reduces selling pressure.
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