PI Price Rises 5% Following Major Pi Network Upgrade Update

The broader crypto market is seeing red today as Bitcoin struggles, but the Pi Network token is bucking the trend. PI has posted a 5% gain over the last 24 hours, currently trading near $0.086 despite Bitcoin falling toward $62,400.

This movement comes after the Pi Core Team issued a formal reminder regarding the migration to protocol version 26. The update introduces significant improvements to contract safety, state management, and cryptographic functions. The team has made it clear that all mainnet node operators must complete the upgrade by August 11 to keep their connection to the network active.

Investors seem to be reacting positively to the technical progress, which follows the successful deployment of protocol version 25. This latest shift marks a major milestone for the project, with another update, version 27, expected to follow in the coming weeks.

Despite the daily jump, the token is still facing a difficult long term outlook. PI remains down over 97% from its all time high set in early 2023. Traders will be watching closely to see if this momentum holds as the August 11 deadline approaches.