#PI# Pi Network (PI) follows Bitcoin and the market's rebound, but the extent is still relatively small, currently reported at $0.4266 during the Asian session today (30). Following a surge in community interest and active trading volume, Pi's price movement is now raising new questions: Is this a buying opportunity or a signal to be cautious? During this sluggish period, Pi coin's performance remains noteworthy, especially with a trading volume exceeding $79 million within 24 hours, indicating high market activity. The current market capitalization of Pi coin is $3.3 billion, with a fully diluted valuation reaching $5.08 billion. The total supply of Pi coin is 1.91 billion, of which about 7.74 million Pi coins are circulating in the market. Experts explain why Pi Network surpasses its original limitations. Pi expert Dr. Altcoin recently shared his views on why, despite doubts, he still firmly believes that Pi Network is not an eyewash project. He explained in a post that the team decided to postpone the release of the open Mainnet until after December 2024, which almost led him to declare the project unreliable. However, after surveying nearly 5,900 community members, he decided to wait. A total of 52% of respondents expressed confidence in the legitimacy of Pi Network. This trust was further solidified when Pi Network started listing on major exchanges in February 2025. Although communication from the project team is sometimes slow, Dr. Altcoin emphasized that the rapid growth from millions of early adopters to over 65 million pioneers in more than 200 regions has already exceeded the project's initial planning scenarios. He said, "This is still a significant progress in the making." He suggested, "As we continue to wait for the full results of the project, let us not forget to celebrate Pi Network's achievements so far." Pi Network's milestones strengthen bullish signals. A recent series of updates and collaborations confirm Pi Network's rapid growth: 1. Node updates As previously reported by CoinGape, Pi's technical lead Nicolas Kokkalis released the latest version of Pi Node v0.5.3. This update improved the functionality of the blockchain explorer and streamlined the node installation process. This version also introduced an automatic update feature and will gradually work with Banxa to become its inbound/outbound partner, which is an important step towards daily usage. This allows users to buy and sell Pi directly using credit cards and digital wallets like Apple Pay and Google Pay. 3. A new round of exchange listings Pi coin, in addition to being listed on mainstream exchanges like Gate, has now also landed on Swapfone - a regulated U.S. mobile exchange. This listing expands Pi Network's market participation. These achievements indicate that the bullish signals for Pi Network's long-term prospects are strengthening. Despite facing community pressure, the Pi Network team continues to develop, and the Mainnet migration work is ongoing. The platform once again reminds users to complete the third step in the Mainnet checklist: enable two-factor authentication in the Pi Wallet #PI# 2FA(. This security requirement is considered a prerequisite for migrating tokens from the Testnet to the Mainnet. Many also believe that this is a sign of significant changes coming to the Pi ecosystem. Meanwhile, Pi coin's price movement remains stagnant, trading between $0.43 and $0.45. However, professional trader BOSSMD recently pointed out that Pi coin successfully broke through the downtrend line, briefly testing the resistance level near $0.465, and then consolidated again in the range of $0.445 to $0.450. BOSSMD explained, "If it can stabilize above the support level, it is likely to retest the $0.465 level."