Pi Network’s PI Token Rebounds Swiftly as Team Confirms Long-Awaited Update
Despite a slight delay, the Core Team behind the controversial challenge lastly introduced the completion of the subsequent main protocol improve and hinted on the migration to the subsequent one.
At the identical time, the ecosystem’s native token rebounded properly after the painful crash from earlier this week.
V21 Is Here
The Core Team started highlighting the frequent protocol updates in late February, upon the profitable migration to model 19.6. V 19.9 adopted swimsuit just a few weeks later, whereas the extremely anticipated v20.2, which laid out the foundations for good contract capabilities, arrived by March 14 (recognized as PiDay).
Version 21 got here in early April, and the group set a deadline of April 27 for the completion of the subsequent one (model 22). Although they did not announce its profitable migration by that date, quite a few accounts on X speculated that it had been accomplished as their purposes displayed it. Nevertheless, the group confirmed the speculations on-line on May 1, indicating, as at all times, that node operators should guarantee their techniques are updated to proceed working on the blockchain.
Moreover, the submit hinted on the subsequent improve on the roadmap (v23) however didn’t present a particular deadline for its completion.
Network Update: The Pi Mainnet has efficiently upgraded to Protocol 22!
Node operators, please guarantee your techniques are updated and keep tuned for directions relating to the upcoming v23 improve.
— Pi Network (@PiCoreTeam) May 1, 2026
PI Rebounds
The challenge’s native token went on a powerful run in the midst of the enterprise week in a reasonably surprising time when a lot of the crypto market remained sideways and even charted losses. Instead of becoming a member of them, PI rocketed from $0.17 to a month-to-month peak of $0.20 within the span of 48 hours or so, and a few analysts speculated that this might be the beginning of a extra profound rally.
However, it was painfully rejected there and driven south to simply over $0.17 on Thursday. A well-liked analyst on X, although, reassured that PI has remained above the essential 100-day MA, which acted as a assist on the time, and predicted an immediate rebound.
Such a restoration certainly transpired on Friday as the asset jumped by about 6% from its low and exceeded $0.18 as soon as once more. Its market cap is near $1.9 billion as soon as once more as of press time, making it the forty fifth largest digital asset on CoinGecko.
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