Tag: PI price

  • PI Network Rallies 6.37% as Thin Liquidity and Protocol 26 Upgrade Drive Price Toward $0.085

    PI Network Rallies 6.37% as Thin Liquidity and Protocol 26 Upgrade Drive Price Toward $0.085

    Pi Network’s native token PI posted a 6.37% gain over the past 24 hours, reaching $0.0837, while the broader cryptocurrency market remained mostly flat. Bitcoin slipped 0.11%, and total market capitalization edged lower during the same period. The move placed PI among the strongest performers on July 30, driven primarily by low liquidity and heightened trading activity.

    Low Liquidity Amplifies PI Price Movement

    Pi Network recorded $13.68 million in daily trading volume, a 27.44% increase from the previous day. However, its turnover ratio stood at only 1.49%, indicating shallow market depth. Such conditions allow modest buying pressure to push prices higher when sell orders are limited. Conversely, the same lack of depth can accelerate declines if demand fades.

    PI moved from recent lows near $0.078 and briefly approached the $0.085 area. The rally occurred while Bitcoin and the wider crypto market traded unevenly, suggesting the move was not driven by sector-wide sentiment. No prominent social media trends, exchange announcements, or on-chain events were detected, according to available data. The rebound appears primarily linked to order flow dynamics.

    Traders are now watching whether volume can sustain above recent levels. A sharp drop in activity could weaken the rally and push PI back toward earlier support zones.

    Protocol 26 Upgrade Deadline Draws Attention

    Pi Network is preparing for its Protocol 26 upgrade, with a deadline of August 11 for Mainnet node operators to complete the update and maintain network access. The Core Team described Protocol 26 as part of the final upgrade sequence, with Protocol 27 to follow and complete the current rollout plan. The team stated, “With eight successful upgrades completed over the past few months, these final two upgrades will update the network.”

    Protocol 26 follows Protocol 25, which went live on July 25. The upcoming update aims to introduce new protocol features and improve network functions. The announcement gave traders a clear date to monitor, though the available data does not confirm that the upgrade alone caused the rally.

    PI also tested the upper boundary of a rising parallel channel near $0.084. A close above $0.085 could support another move toward $0.10. However, the outlook depends on sustained demand. A brief upgrade-related trade could fade if volume returns to previous levels.

    Support Levels and August Token Unlocks

    The $0.080 level remains the primary short-term support. If buyers continue to defend that area, PI could retest $0.085. A decisive move above $0.085 would give the recovery more structure. The next widely watched level is near $0.10, last reached on July 20.

    On the downside, a close below $0.080 could weaken the current setup. The price may then fall toward $0.075 or the lower Bollinger Band near $0.074. August token unlocks add another factor. PiScan data shows that approximately 128 million PI tokens may enter circulation during the month, carrying an estimated value of around $10 million at current prices. Additional supply may pressure the market if demand remains limited. July saw about 103 million PI tokens enter circulation, after which PI touched a record low near $0.070 on July 14.

    For now, PI holds a cautiously positive short-term structure above $0.080. Volume, the Protocol 26 deadline, and August unlocks will guide the next move. Market depth remains the central test for buyers.

  • Pi Network Completes Slice Token Distribution as PI Price Struggles Near Record Lows

    Pi Network Completes Slice Token Distribution as PI Price Struggles Near Record Lows

    Pi Network has finalized the distribution of Slice, its second testnet token, while PI continues to trade under pressure near its July record low. The team announced the completion earlier today via X, allowing Pioneers to check allocations, token prices, liquidity access, and price movements inside the Launchpad application. At the time of reporting, PI was trading around $0.083 after another sharp decline.

    Slice Distribution Expands Launchpad Testing

    Pi Network launched its Launchpad testnet token program on PiDay 2026 (March 14). Nearly 480,000 users participated in the first testing phase, providing feedback that led the team to simplify participation, revise mechanics, and improve the user experience. The project introduced Slice in June to extend the testing process.

    Testing opened on June 12 and ran until Pi2Day on June 28. After weeks without updates, the team confirmed distribution completion. The Launchpad application now displays each user’s allocation, launch price, and effective token price, along with direct access to the SLICE liquidity pool. A new chart tracks Slice against test-Pi, enabling users to examine post-launch activity and observe how liquidity pools affect testnet pricing.

    PI Price Struggles Below $0.10

    PI fell 3.80% over 24 hours to $0.0829, extending a monthly decline of nearly 30%. The token remained about 17% above its July 14 low of $0.07072. Earlier, PI lost the $0.10 support level and reached a new record low near $0.07. A 20% daily rebound briefly pushed the token toward $0.10, but resistance halted that recovery. PI then dropped more than 10% to $0.082 after earlier signals pointed toward another rejection.

    The broader crypto market also declined 0.94% to $2.19 trillion. Coinglass recorded 83,203 liquidations worth $301.33 million during the same period. SoSoValue data showed $225.2 million in Bitcoin ETF outflows and $26.3 million in Ethereum ETF outflows. Bitcoin traded near $64,000, while Ethereum stayed above $1,850.

    Can PI Hold Above Its Record Low?

    A token unlock tracker listed 127.50 million PI for release over 30 days, based on data updated June 15. That amount represented 2.06% of 6.19 billion tracked locked tokens. At the listed valuation, the scheduled releases carried an estimated value of $10.65 million. The tracker projected an average daily release of 4.25 million PI, with the largest release scheduled for June 25 involving about 7.45 million PI (valued near $622,276).

    Unlocked tokens do not automatically reach exchanges, so scheduled releases do not create immediate selling pressure. However, they expand the amount holders can access during the tracking period.

    At reporting time, PI traded at $0.08348 after gaining 0.82% over four hours. Its Relative Strength Index stood at 34.46, close to oversold territory. The MACD line remained below its signal line, while the histogram stayed negative. Resistance sat near $0.090, followed by $0.095 and the major $0.10 level.

    Further weakness could send PI toward $0.078 or $0.075. A break below that range would expose the horizontal support area near $0.070. Separately, some users reported missing tokens and repeated failed wallet transactions involving unknown addresses. The supplied information did not include a formal team response to those complaints.

    Conclusion

    Pi Network completed the Slice testnet token distribution and added tools for tracking allocations, prices, and liquidity pools. However, PI remains under pressure near record lows as resistance and scheduled token unlocks affect market sentiment. Users should monitor support levels and official network updates closely.

  • Pi Network Revamps Mining App and Prepares for Protocol V25 Launch Amid Token Price Weakness

    Pi Network Revamps Mining App and Prepares for Protocol V25 Launch Amid Token Price Weakness

    Pi Network has rolled out a redesigned mining app interface, improving navigation and user experience, while confirming that Protocol V25 will go live on July 22. The update introduces long-awaited features like dark mode and reorganizes key ecosystem tools into a single, streamlined menu. However, the PI token continues to face selling pressure as large token unlocks loom.

    Pi Network Mining App Redesign

    The Core Team announced that the redesign is the first phase of a broader refresh for the mining application. Users can now access the new menu via the hamburger icon at the top-left corner of the app. The consolidated menu groups the Mainnet Checklist, mining information, featured Pi Apps, and other ecosystem services, eliminating the need to navigate through multiple screens. A dark mode option has also been added, a feature frequently requested by the community.

    According to the team, the redesign was driven by extensive feedback from the over 60 million engaged Pioneers. To ensure stability, the changes are being rolled out gradually, with future updates planned to refine the interface further while preserving existing functionality. The developers intend to collect additional community feedback before expanding the redesign.

    Protocol V25 Privacy Upgrades

    Pi Network has confirmed that Protocol V25 will activate on July 22, focusing on network stability, reliability, and privacy-preserving smart contracts. The upgrade introduces BN254 cryptography and Poseidon hashing, enabling developers to build zero-knowledge applications that protect sensitive information while keeping private data off the public blockchain.

    The Core Team emphasized that the upgrade should improve smart contract efficiency as more decentralized applications join the ecosystem. This could give developers greater flexibility in building privacy-focused services on Pi Network. However, the long-term impact will depend on developer adoption, ecosystem growth, and network performance after deployment.

    PI Token Under Pressure

    Despite the technical progress, the PI token remains under pressure. The token recently lost the crucial $0.10 support level, falling to a record low slightly above $0.07. A brief recovery pushed the price toward $0.085, but sellers quickly regained control, sending PI back to around $0.073 before a modest recovery to $0.078.

    Data from PiScan indicates that nearly 130 million PI tokens are set to unlock over the next month. This additional supply could intensify short-term selling pressure if more holders decide to move their tokens to the market.

    What Lies Ahead

    Pi Network is combining product development with infrastructure upgrades as it prepares for Protocol V25. While the redesigned app and forthcoming privacy features are positive steps, the market will likely await stronger ecosystem growth and sustained developer activity before confirming any lasting recovery in the PI token. Participants will closely monitor the upgrade’s impact on adoption and network activity.