The Pi Network project surpassed 100 million downloads on the Google Play Store, as reported by the “Pi News” channel and verified on the store. This figure positions the app ahead of centralized exchanges like Coinbase and OKX. Simultaneously, its native token (PI) defended the $0.20 support level during the recent market crash.
Pi Network surpassing 100 million downloads highlights the strength of its community, which already has 3.36 million verified (KYC) users. In the market, the PI token plummeted from $0.25 to $0.20 during the general crash but managed to rebound, trading just below $0.22 at the time of this note.
Although some speculate on long-term targets of $3 to $5, the market is watching the upcoming token unlocks. The release of 6.7 million tokens is expected on November 15, and 3.2 million on November 23, events that could generate new selling pressure on the PI price.
Source: https://x.com/PiNewsMedia/status/1985932760851378491
Source: https://coinmarketcap.com/currencies/pi/
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