Pi Coin Jumps 2.8% Following Launch of Global Hackathon to Drive Utility Expansion
Pi Network's inaugural hackathon triggered a modest rally for its native token, with Pi climbing 2.8% to trade at $0.36 after the developer event announcement. The project aims to showcase real-world use cases through applications that integrate Pi Coin for payments, identity verification, or community platforms.
With 7.89 billion tokens in circulation, PI now ranks 39th by market capitalization at $2.88 billion. The hackathon offers 160,000 PI in prizes, including 75,000 PI for the winning team, as the network pushes to expand its ecosystem beyond speculative trading into practical utility.