The highly anticipated mobile mining project Pi Network has recently experienced unusual market activity. Its token Pi Coin, amid declining social media discussion, has defied the trend with seven consecutive days of price increases, with daily trading volume soaring to 8 million USD, reaching a near three-week high, forming a rare phenomenon of “discrepancy between volume, price, and social buzz.” Analysis suggests that this may be an early deployment by large investors (whales) under the condition of still low retail investor participation. Meanwhile, Pi Network has officially launched its first multi-signature wallet, aiming to enhance security and practicality, adding a key piece to its long-term roadmap. The market is watching whether these changes indicate that Pi Coin will break free from long-term skepticism and enter a new development phase.