Pi Network Launches First-Ever Hackathon, Offering $160,000 in Rewards

Pi Network has kicked off its first hackathon within the Open Network era, providing developers with a platform to build real-world applications that will enhance the ecosystem. The competition began on August 21 and runs until October 15th, offering a prize pool of 160,000 Pi tokens. The coin’s recent price movement reflects both technical pressure in the form of a bearish crossover by the MACD indicator and an oversold RSI reading, according to data from CoinMarketCap. However, a slight rise of 1.05% today might be attributed to the official launch of the Pi Hackathon 2025, which could drive stronger utility and price momentum in the future.