Pi Network has launched its first official Hackathon since moving to the Open Network mainnet. The company unveiled the competition on August 22, inviting developers to build applications and tools within the ecosystem. To encourage participation, the team set aside a prize pool of 160,000 PI tokens, which will be distributed among winning entries.
The event aims to attract developers worldwide and strengthen Pi Network’s utility beyond token mining. According to the organizers, the Hackathon represents a step toward positioning the network as a functional blockchain ecosystem rather than a project limited to mobile mining.
Participation Rules and Deadlines
To participate, all users must complete Know-Your-Customer (KYC) verification. The requirement reflects Pi Network’s ongoing effort to address compliance issues and ensure that contributors are real individuals rather than automated accounts.
Developers and teams can submit their projects until October 15, 2025. After the deadline, entries will be reviewed, and the prize pool will be distributed across several categories. The Hackathon format encourages both established developers and new entrants to propose solutions that highlight the blockchain’s scalability and potential applications.
Community Pushback and Criticism
While the Hackathon drew attention, it also sparked discontent among some long-time Pioneers. Community discussions highlighted unresolved issues tied to migration of Pi balances from the testnet. Many users still report that their tokens remain locked, despite promises of full migration after the mainnet launch.
A group of Pioneers criticized the new prize pool, arguing that resources should be focused on resolving legacy issues. One member, speaking in a community discussion, said, “Second migration is in 2040,” mocking the delays and questioning the priorities of the development team.
The Hackathon underscores Pi Network’s push to legitimize itself in the broader cryptocurrency landscape. By offering significant token rewards, the project aims to spur ecosystem growth, attract developer talent, and create applications that increase demand for the coin.
At the same time, the backlash from users shows that trust issues remain a challenge. If unresolved, concerns about delayed migrations and KYC bottlenecks could undermine confidence at a time when the network seeks broader recognition.
PIUSDT daily trend and momentum
Pi Network against Tether PI/USDT on OKX remains in a clear downtrend on the daily chart dated August 22, 2025. Price continues to trade below the 50 day Exponential Moving Average at 0.4286 and beneath a descending trend line that has capped every rally since late spring. As long as candles stay under both the moving average and the trend line, sellers keep the advantage and the broader bias stays downward.
However, short term momentum has stabilized. The Relative Strength Index at 14 periods sits near 40 and has risen from earlier oversold readings in August. That improvement signals fading selling pressure, not a confirmed reversal. Momentum typically shifts from bearish to neutral only after the Relative Strength Index sustains above 50, which has not happened yet.
Price action shows tight, overlapping candles in the mid 0.30s, which indicates compression after a long slide from the first quarter peak. Buyers defended the recent trough in early August and produced a modest bounce, yet follow through stalled as soon as price approached the falling trend line. This behavior is typical in established downtrends where countertrend rallies fail at declining averages.
Volume patterns add to the cautious read. The chart shows heavier activity on prior selloffs and lighter participation on rebounds through June and July. Recent sessions display moderate volume, suggesting limited conviction from either side while the market waits for a catalyst such as a clean break above the trend line and the 50 day Exponential Moving Average.
Technically, the market must first reclaim the area around the falling trend line and then close above the 50 day Exponential Moving Average to signal a shift toward neutrality. Until that sequence appears on the chart, the path of least resistance remains lower, with the mid 0.30s acting as the immediate support band. In brief, trend remains down, momentum is improving but still subpar, and confirmation requires strength above the key moving average and the descending line.
PIUSDT daily momentum signal with Moving Average Convergence Divergence
The Moving Average Convergence Divergence indicator for Pi Network against Tether on August 22, 2025 at 13:11 Coordinated Universal Time shows a cautious but stabilizing structure. The blue line, which represents the difference between the 12 day and 26 day exponential moving averages, sits just above the orange signal line at roughly −0.0181 versus −0.0182. This alignment produces a narrow positive reading of 0.0001 on the histogram, which marks the first small push into positive momentum in recent sessions.
During April and May, the Moving Average Convergence Divergence rose sharply. The market was recovering from an early-year decline. Momentum peaked in May as the histogram expanded strongly upward. That strength quickly faded. Since June, the histogram has hovered near zero. This shows no sustained direction.
At present, the indicator signals indecision. The histogram is flat, and the lines overlap. Neither buyers nor sellers hold clear control. When the Moving Average Convergence Divergence stays near the baseline, it reflects consolidation.
A clear shift would appear if the blue line moves above the orange line. If that happens and the histogram turns positive for several sessions, bullish energy would build. On the other hand, if the blue line dips under the orange line with widening red bars, fresh bearish momentum would emerge.
In short, momentum is neutral but slightly positive. Traders must watch closely. The narrow spread suggests the next decisive move could come soon, but confirmation has not yet appeared.
Pi Network in Indian Rupees: Monthly Price Behavior
Pi Network measured in Indian rupees PI/INR trades at ₹31.25 on August 22, 2025. The value shows a 1.0 percent rise from the past hour and a 0.4 percent increase from yesterday. However, compared to its level seven days ago, the token is still 6.8 percent lower. Trading activity remains significant, with a 24-hour volume of ₹6.76 billion recorded on exchanges.
The one-month chart highlights how Pi’s performance has swung between sharp rallies and steep declines. At the start of the period, the token lost ground quickly, sliding below ₹30 before staging a sharp recovery around August 10 that pushed it above ₹40. That peak did not hold for long. Selling pressure emerged, and the price fell back toward the mid-₹30 range before another round of weakness sent it closer to ₹30 again in mid-August.
Since then, the market has displayed attempts at stabilization. Buyers stepped in after the dip below ₹31, creating a mild rebound that now holds the price just above that threshold. The chart also shows the difficulty Pi has faced in maintaining gains. Each rally has been followed by profit-taking, which has kept the price from building a sustained uptrend.
The near-term outlook depends on whether momentum strengthens above the ₹32–₹33 zone. Until Pi breaks that resistance decisively, the token’s behavior signals a market still caught between buyers seeking recovery and sellers defending higher levels. This tug-of-war reflects the uncertainty among traders while broader developments around the network continue to unfold.