PI Network experienced a significant surge of over 2,800% in February, followed by losses and a subsequent modest rebound in May.
Despite fluctuations, PI has shown resilience in June, maintaining above its $0.40 support level, believed to stem from real demand and committed holders.
The token's stability is attributed to a $100 million fund from Pi Network Ventures, focusing on developing practical use cases for the token, distinguishing it from speculative launches.
Analysts suggest that PI's emphasis on real-world utility rather than short-term hype could lead to long-term growth, positioning it as a project with lasting relevance in a competitive market.