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Looking back, this controversial project has been developed for about five years and finally released its open network on February 20, along with the launch of PI token.

The asset dropped from nearly $2 to below $0.7 within a few hours, and then surged to a historical high of $3 after several days due to many cryptocurrency exchanges listing it. However, controversy continues as Bybit's CEO stated his exchange would not list it because he believes it is a scam, and Binance has not yet added it to its platform, despite high community support.

PI began to plummet, with the past seven days being especially painful. According to CoinGecko, the token was close to the top 10 cryptocurrencies by market cap but dropped 34% this week, currently ranking 25th.

Although there are no clear signs of price decline ending, Pi News (the project's official media) announced a major partnership yesterday, which might be the reason for its daily 7% increase.

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The partnership is with PiDaoSwap, a project that is "100% community-driven" and does not belong to any individual. The post claims it has "100% DAO governance, 100% transparency, and complete decentralization".

If the large partnership proves successful, it could have a positive impact on the underlying asset's price, especially in the long term. It will be interesting to see if PI benefits from this partnership in the near future. Considering the project's history of delayed releases, KYC procedures, and deadlines, this partnership might alleviate some of the controversies surrounding the project.