Pi Network's PI Surges 15% to Multi-Week Peak

Pi Network's native token, PI, has been on a tear lately, surging above key resistance and hitting a multi-week peak.

The asset exploded from $0.083 to $0.096, marking a 15% increase in just one day.

This surge comes after months of volatility for the altcoin, which plummeted to an all-time low of just over $0.07 in June before rebounding to above $0.08 in late July and early August.

The number of tokens unlocked in August is higher than in July and June, with 128 million PI scheduled to be released this month alone.