Pi Network launched a new initiative with a hackathon that runs until mid-October, providing rewards in the form of its native PI token to developers. Despite this news, PI’s price hasn’t shown significant gains and remains down. The team behind Pi Network believes this project could reshape the ecosystem with innovative apps and empower users. Ethereum whales made large purchases during recent dips, spending over $1.7 billion on ETH, while Cardano investors also saw a surge in activity, adding 150 million tokens in just two weeks. Despite the price drops, whales are displaying confidence in the long-term potential of these cryptocurrencies. The hackathon is expected to foster growth and competition among developers seeking to leverage Pi Network’s technology for real-world applications.