XRP co-creator sold millions in 2025, says he hasn't bought the token in years
David Schwartz sold about 2.5 million XRP in 2025, paying $1.7 million in capital gains tax, and says he has not bought the token in years.
Pi Network's Ecosystem Summit focuses on AI and developer tools, but PI token stays near record lows.
Pi Network has released the detailed schedule for its inaugural Pi Ecosystem Summit, an online event from November 17 to 19. The final day introduces a new developer hackathon with a prize pool of 200,000 USDT.
Following the announcement, Pi Network's PI token, from the mobile-mining project, entered CoinGecko's top three trending coins. However, PI remains over 97% below its February 2025 high, with holders still awaiting genuine token demand.
According to the team, the first day concentrates on Pi's developer platform, introducing new tools, ecosystem projects, and app demonstrations.
November 18 is dedicated to artificial intelligence. Both initial days will be streamed live via YouTube.
The core team noted that founders Chengdiao Fan and Nicolas Kokkalis will make appearances. Technical demonstrations and announcements of new features complete the agenda.
The summit's last day launches Pi Next, a developer contest offering 200,000 USDT. The project initially revealed the summit in October, positioning it as a developer- and tool-focused event.
Past launches have barely impacted PI's price. On June's Pi2Day, three products were introduced, but just one directly spurred demand for the token.
Similarly, the September SoloHost update enhanced Pi Desktop but did not introduce any feature that necessitates spending or holding PI.
Over the last month, PI has declined and now trades near the record low reached in mid-July.
In the lead-up to the summit, Pi Network implemented four platform changes. The key question for PI holders is whether the apps presented at the summit will require the token to function. If not, the cycle from previous launches may continue.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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