Pi Network (PI) Shows Resilience with 5% Weekly Surge Amid Market Volatility

Pi Network (PI) has surged 5% this week, maintaining a stable average price of $0.60 over the past three months. The token's resilience stands out in a bear-biased market, defying the volatility typical of new launches.

Dr. Altcoin, a prominent crypto analyst, attributes PI's performance to organic demand rather than speculative hype. "PI's price action is being shaped by organic market demand and long-term support—not speculation," he noted in a recent post on X (Twitter).

The token's journey has been tumultuous since its February debut. After an initial 2,812% rally, Pi faced an 81.5% correction but closed February with a 222.5% gain. Subsequent months saw declines of 66.5% (March) and 13.9% (April), followed by a modest 6.4% recovery in May. June has brought a 17.4% drop, yet the weekly uptick suggests underlying strength.