$PI The code is not open source yet, the mainnet hasn't been fully released, and no institutions have entered the market. The price is so low that it's even lower than Dogecoin and MEME. This is normal because what Pi is doing is something never done before in the entire crypto space. Therefore, Pi's performance on exchanges often differs greatly from the overall market and mainstream trends. Institutions may not be entering the market because they are doubting whether the Pi project can succeed, what changes it can bring, or what profits it can generate for institutions, and are adopting a wait-and-see attitude. The fact that institutions are not moving does not mean they are not paying attention; they may even be closely monitoring the development of the Pi network. When institutions invest in a project, they do not make decisions casually like ordinary people. Even if they are gambling, they will calculate the probability of success. As everyone's perspective suggests, institutions are not charities and will not enter blindly. When institutions decide to enter a project, it is definitely after long-term attention, thorough investigation, comprehensive feasibility analysis by think tanks, submission of plans, and approval through core management voting. Ordinary people's information cannot keep up with the pace of institutions. Once institutions enter, ordinary people may not even have a chance to react. What ordinary people see is only the tip of the iceberg, and many deeper things have not yet surfaced.