PI Surges 5% Despite Market Slump After Important Pi Network Reminder
The cryptocurrency market is again within the purple after bitcoin’s rejection on Friday and a subsequent drop to a multi-week low, however, as normal, there are some exceptions.
Pi Network’s native token is amongst these, which could sound stunning given its latest calamity. Nevertheless, PI is up by 5% day by day after an vital reminder was issued by the staff.
The Reminder
The Core Team introduced on X that the blockchain has already begun the method of migrating to the subsequent main protocol model, 26. As with earlier comparable statements, the publish highlighted the significance of Pi Validators having to finish the improve by the deadline of August 11 to stay related to the community.
Protocol model 26 will probably be among the many largest updates carried out by the staff, and maybe probably the most vital one since v20.2, which laid out the basics for sensible contract constructing. It’s designed to enhance contract security, state administration, interoperability, and cryptographic capabilities.
Moreover, it comes earlier than the ultimate deliberate improve, protocol model 27, which is prone to be launched in late August or September.
Reminder: the Pi Mainnet is upgrading to Protocol v26. All Mainnet node operators should full the improve by August 11 to stay related to the community.
Protocol v26 is a significant milestone that improves contract security, state administration, interoperability, and cryptographic… pic.twitter.com/FXM5A8Tzo9
— Pi Network (@PiCoreTeam) July 31, 2026
The Core Team set the August 11 deadline earlier this week, which primarily meant that protocol model 25 was efficiently deployed, though there was no official affirmation on the time.
PI Rockets
A really small proportion of all of the Pi Network updates, product options, redesigned apps, or new developments announced by the staff previously month or so have had a constructive affect on the native token. However, the model 26 deadline set from just a few days in the past and final night time’s reminder could be the exception.
PI jumped after the staff first introduced the upcoming protocol model 26 and has finished the identical over the previous 24 hours. It’s up by 5% day by day and now sits at $0.086 after it challenged $0.088 hours in the past. This comes regardless of the broader market’s weak point, led by BTC’s dip to $62,400.
Nevertheless, the broader image round PI continues to be very painful. The asset stays down by over 97% since its all-time high from February final yr. Its market cap is properly beneath $1 billion, making it the 68th-largest asset by that metric.
The publish PI Surges 5% Despite Market Slump After Important Pi Network Reminder appeared first on CryptoPotato.
