The $PI token of Pi Network was launched on its mainnet on February 20, 2025, after six years of development. This innovative project allows mining cryptocurrencies through a mobile application, making access simpler and more eco-friendly. After an explosive start reaching a diluted valuation of 195 billion dollars, the price dropped by over 50% in two hours, demonstrating high volatility. Pi Network claims to have between 57 and 60 million users, called "Pioneers," although this number is debated. Currently, over 100 dApps are active in various sectors such as decentralized finance and gaming. However, the sponsorship-based business model and concerns about the identity verification process (KYC) raise doubts about the project's viability and security. Thus, although Pi Network marks an important milestone in the cryptocurrency universe, its future will depend on adoption and risk management.