PI Price Rebounds as Pi Network Warns Nodes to Upgrade
Pi Network says the expected delay for its next protocol update continues, but urges Mainnet node operators to “move faster.” The PiCoreTeam reports most nodes have upgraded to Protocol v25, and warns those who haven’t that they risk being disconnected.
Market-wise, PI bounced from a key $0.13 support level after earlier weakness pushed it below $0.12 during the early-June selloff and toward a near $0.14 rejection. The rebound added over 4% in 24 hours, with PI trading around $0.135.
Traders are also watching token unlocks: the next month’s average daily releases are about 4.2 million coins, which could reduce near-term selling pressure if demand holds. Despite today’s bounce, the broader trend remains heavy—PI is still down roughly 95.4% from its Feb 2025 all-time high.
Overall, today’s PI move appears tied to both technical support and reduced operational risk from the Pi Network upgrade push.
Bullish
This is mildly bullish for PI in the short term. The PiCoreTeam’s reminder that most nodes are already on Protocol v25, and that lagging operators could be disconnected, can reduce “operational uncertainty” that often weighs on liquidity and sentiment. At the same time, PI’s technical bounce off $0.13 suggests buyers are defending the immediate support area.
Token unlock expectations are also supportive: the reported ~4.2M coins/day release rate could ease near-term selling pressure versus heavier unlock schedules seen in prior cycles. However, the long-term chart remains weak (still ~95%+ below the ATH), so rallies may face profit-taking and macro-driven selling.
Traders should watch whether PI holds above ~$0.13 and whether upgrade-related announcements continue without further timing setbacks. Similar upgrade/maintenance announcements in crypto have historically produced sharp relief rallies when the “worst-case” risk is avoided, but follow-through depends on volume and unlock-driven supply dynamics.