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Pi Network price analysis as it seeks to compete with Worldcoin, Humanity Protocol

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Pi Network price remained under pressure this weekend, even as the developers announced major announcements, including a strategy to compete with Worldcoin and Humanity Protocol.

Summary

  • Pi Network price retreated to $0.167 as the recent momentum faded.
  • The developers celebrated the first anniversary by announcing future priorities.
  • The priorities include KYC-as-a-Service, which will see it compete with Worldcoin.

Pi Coin (PI) token was trading at $0.1677 on Sunday, down slightly from the highest point this month. It remains 35% above its lowest level this year.

In a statement marking the first anniversary of its mainnet launch, Nicolas Kokkalis and Chengdiao Fan explained the key priorities to watch going forward. 

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The top priorities include features like native token generation, decentralized exchange, and launching developer tools. Their goal is to create an active network where creators can launch apps and their accompanying tokens.

Most notably, the developers are aiming to accelerate the Know Your Customer (KYC) process. They recently launched an AI-powered upgrade that has boosted the number of verified individuals.

With this experience, the developers are now working on rolling out KYC-as-a-Service. Their goal is to have Pi Network provide these services to companies from around the world.

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The service will compete with WorldCoin (WORLD) and Humanity Protocol. World, which was launched by Sam Altman, aims to provide these services through the World ID and World App. It has already enrolled millions of people globally. 

Humanity Protocol also aims to solve this challenge by leveraging the proof of humanity mechanism using palm recognition technology. The data is then converted into cryptographic hashes using zero-knowledge proofs.

Still, Pi Network price remains under pressure as the developers did not address key factors that have contributed to its underperformance. For example, they did not address the tokenomics, including the ongoing unlocks and potential token burns. Also, they did not address strategies to ensure more exchange listings.

Pi Network price technical analysis 

pi network
Pi price chart | Source: crypto.news

The daily chart shows that the PI price has remained under pressure in the past few days. It retreated from this month’s high of $0.2050 to the current $0.1677. 

The coin has remained below all moving averages, while the Relative Strength Index has turned around and moved below the neutral level at 50. 

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The most likely scenario is where the Pi Network price continues falling, potentially to the psychological level at $0.1500. A move below that level will point to more downside, potentially to $0.1300.

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Crypto World

Vitalik Buterin Dumps Even More ETH as Prices Struggle Below $2K

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Vitalik Buterin Dumps Even More ETH as Prices Struggle Below $2K


Ethereum’s co-founder has been disposing of large amounts of ETH for several weeks now.

On-chain data from Arkham Intelligence and Lookonchain showed that Vitalik Buterin has resumed his selling spree of ETH with another multi-million dollar transfer.

The analysts explained that he had withdrawn another batch of 3,500 ETH (worth roughly $7 million at the time) from Aave with the likely intention to sell. At the time of the original post a few hours ago, he had already disposed of 571 ETH ($1.13 million).

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CryptoPotato has reported a few similar instances in February alone, in which on-chain data indicated that he had begun disposing of some of his ETH fortune. A February 5 report showed that the project’s co-founder had sold off 2,961 ETH ($6.6 million at the time) in just three days.

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A day later, Lookonchain informed that the total sales had grown to 6,183 ETH, which was valued at $13.2 million. The average exit price was $2,140.

Arkham Intelligence keeps a close eye on Buterin’s addresses, and a report from earlier this week noted that he still held more than 240,000 ETH, valued at around $467 million. However, that data was before today’s sell-offs.

Meanwhile, ETH’s price has been on a consistent downtrend for months. After it peaked at close to $5,000 in late August last year, it was violently rejected and ended 2025 at around $3,000. The late January/early February crash was brutal, pushing the asset to under $1,800.

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Although it has recovered some ground since then, Ether still struggles below $2,000. Popular analyst Ali Martinez outlined the formation of a bullish flag yesterday for ETH, but with a major catch: the chart was inverted, showing in reality that ETH could be primed for another correction to under $1,400.

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Bitcoin Miner Bitdeer Liquidates Entire BTC Treasury, Holdings Fall to Zero

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Bitcoin Miner Bitdeer Liquidates Entire BTC Treasury, Holdings Fall to Zero

Bitcoin mining firm Bitdeer has sold all of its corporate Bitcoin holdings, reducing its treasury balance to zero, according to the company’s latest operational update.

In its latest weekly report, Bitdeer disclosed that its “pure holdings,” excluding customer deposits, have fallen to 0 Bitcoin (BTC). The report shows the company produced 189.8 BTC during the period and sold the full amount, alongside an additional 943.1 BTC, which was liquidated from its existing treasury reserves.

In its earlier update on Feb. 13, the miner still held 943.1 BTC, selling 179.9 BTC out of 183.4 BTC mined that week, leaving its treasury intact despite routine sales of newly mined coins.

Bitdeer’s Bitcoin holdings drop to 0. Source: Bitdeer

Mining firms commonly sell a portion of production to fund electricity, hosting and equipment costs, but they also maintain a treasury balance to keep exposure to Bitcoin’s price appreciation. Fully liquidating reserves is less typical.

Cointelegraph reached out to Bitdeer for comment, but had not received a response by publication.

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Related: Bitcoin mining difficulty rebounds 15% as US miners recover from winter outages

Bitdeer announces $300 million convertible debt raise

On Thursday, Bitdeer’s shares fell sharply after the company announced plans to raise $300 million through a convertible senior note offering, with an option to expand the sale by an additional $45 million. The notes, due in 2032, can later be converted into company stock, cash or a mix of both.

The company, founded by former Bitmain co-founder Jihan Wu, said the funds will support data center expansion, AI cloud growth, mining hardware development and general corporate needs.

Bitdeer has also been expanding its self-mining operations as demand for its mining hardware weakens, increasingly using its own rigs to mine Bitcoin rather than selling them to customers.

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Related: Bitcoin miners chase 30 GW AI capacity to offset hashprice pressure

Bitcoin miners pivot to AI

On Friday, MARA Holdings purchased a majority stake in French computing infrastructure firm Exaion, moving deeper into artificial intelligence and cloud services. The deal gives MARA France a 64% ownership position while energy company EDF remains a minority shareholder and customer.

The transaction came amid a wider shift across the mining industry. Following the 2024 halving and tighter margins, several miners have adopted a hybrid model that combines Bitcoin production with AI and high-performance computing revenue.