The $PI token from Pi Network was launched on its mainnet on February 20, 2025, after six years of development. This innovative project allows for cryptocurrency mining via a mobile application, making access simpler and more eco-friendly. After an explosive start reaching a diluted valuation of 195 billion dollars, the price dropped by more than 50% in two hours, demonstrating high volatility. Pi Network claims between 57 and 60 million users, called "Pioneers," although this number is debated. Currently, more than 100 dApps are active in various sectors such as decentralized finance and gaming. However, the economic model based on sponsorship and concerns about the Know Your Customer (KYC) process raise doubts about the project's viability and security. Thus, although Pi Network marks an important milestone in the cryptocurrency world, its future will depend on adoption and risk management.