Pi Network (PI) Protocol v22→v23 Update as PI Price Slips
Pi Network (PI) saw rapid ecosystem changes around May 1–15, alongside a volatile PI price move. The team confirmed the successful rollout of Protocol Version 22 on May 1, after early user signals on X. They then said Protocol Version 23 is expected to be completed by May 15, warning Pi Network nodes that missed steps before the deadline could lead to disconnection.
At the same time, Pi Network detailed a human+AI validation approach. The project claims 526M+ validation tasks were completed by 1M verified individuals, supporting identity verification for 18M+ people across 200+ countries/regions.
On price, PI rebounded weakly after a late-April spike. It surged from under $0.17 to a peak near $0.20, then fell sharply back to around $0.17 by April 29/30. After attempted recovery, PI now trades near $0.18, failing to match broader market gains.
Trading risk in the next days is emphasized by PiScan’s unlock schedule: over 10.5M PI tokens are set to unlock for four consecutive days, potentially adding near-term selling pressure from long-waiting holders. After that, daily unlocks are expected to average below 6M.
For Pi Network traders, the key watch items are the protocol migration timeline (v23 by May 15) and the repeated token unlocks that may cap upside even if the wider crypto market rallies.
Bearish
PI短期面临“利好不够对冲利空”的结构：一方面是Pi Network完成v22并推进v23（通常会改善网络与参与者预期）；另一方面是解锁节奏偏密集。文中强调未来4天合计解锁超10.5M PI，这类集中解锁在历史上往往会触发市场对“新增供给/潜在抛压”的定价，尤其当价格本就未能延续大盘反弹时，卖盘更容易主导。
短期（数天~2周）更可能出现：解锁前后放大波动、反弹乏力或冲高回落；即使有协议迁移进展的情绪支撑，也更难形成持续趋势。中长期角度，若v23按期落地且生态验证（AI+人类）带来的用户与任务完成度继续增长，可能逐步提升基本面叙事；但在下一轮解锁高峰之前，资金面压力仍会限制上涨弹性。