“We will only give away $2,000 worth of PI,” promised X’s Pi News account.
The controversial crypto project continues to attract attention due to some interesting plans announced by the team and the community.
The traditional token – PI – remains in the red on a weekly basis, but one key feature suggests that a short-term rebound may be on the way.
Design Competition
A few hours ago, the popular X account of Pi News, dedicated to covering PI-related developments, revealed that its mascot is a smiling yellow cat with the PI symbol on its forehead. It was brave enough for the community to come up with a name for that lucky charm and announced a 10,000 PI prize pool.
“Who can come up with a name that will go down in history? We’ll be giving away $2,000 worth of PI,” it read.
Many X users have already given their suggestions. The Times of PiNetwork suggested the mascot name “Pika,” an interesting combination of “PI” and “cat” which means “light” in Japanese.
“As PI is the digital currency of the future, the name perfectly reflects its charm and the lovable personality of its mascot,” they added.
Other candidates for the name include CatPi, Pisipisi, Pinny, and Archie (after the Greek mathematician Archimedes, who calculated the first conjecture for Pi around 250 BCE). It’s worth noting that this naming contest belongs to the Pi News account, which is not officially related to the Pi Network project, but is probably the most popular of the group.
Other Developments
The official team behind the Pi Network has also been active recently. A few days ago, it released a new developer library that allows Pioneers to integrate Pi payments into their applications in less than ten minutes.
“The library combines the Pi SDK with backend APIs into a single, streamlined setup, significantly reducing the time required to add payments to applications,” reads the announcement.
The ultimate goal is to give developers more time to build and develop 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.
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Before that, the Core Team released its 2025 report, highlighting the top developments in its ecosystem over the past 12 months. The most important events seem to be the long-awaited mainnet and token launch in February.
PI Price Outlook
As of this writing, PI is trading around $0.20, representing a weekly decline of 2.5% and a staggering 93% decline from the $3 high seen last year.
However, the recent exit from the stock market shows possible good news for the bulls. In the last 24 hours, more than 1.6 million tokens have been transferred from central platforms to storage systems, which generally reduces the pressure of sales.
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