Recent Pi Network (PI) Updates, Solana (SOL) Warning, and More: Bits Recap July 31

The staff behind Pi Network set a deadline for its subsequent massive improve, whereas Solana’s native token dangers plunging to as little as $50.

Bitcoin (BTC) may head south, however apparently, some analysts consider such a transfer might really profit the bulls.

Pi Network’s Announcement

The Core Team has been on a tear because the begin of 2026, unveiling a number of main ecosystem enhancements. The newest was the migration to protocol model 25, which was imagined to be deployed earlier this month.

Pi Network’s staff didn’t disclose the transfer on X or on its web site, but a number of customers claimed that it was in impact. The undertaking has now shifted its consideration to the subsequent protocol replace (model 26), setting August 11 because the deadline.

“All Mainnet notice operators should full the improve earlier than the deadline to stay linked to the community,” the submit reads.

The staff additionally shared extra particulars about its Pi Launchpad mannequin. It defined that on this ecosystem, tasks difficulty tokens as instruments to accumulate customers for his or her purposes and combine these cash straight into product performance, resembling rewards, funds, entry, and governance.

“(*31*) of being taken by the issuing undertaking, the proceeds of Pi from their token launch go to a liquidity pool with the ecosystem token, which bootstraps a wholesome liquidity basis from the beginning,” the staff added.

PI, which was bleeding closely previous to the aforementioned bulletins, managed to rebound and now trades at round $0.08. Still, it stays down roughly 97% from its all-time high of $3 registered final yr.

SOL at Risk

Solana’s native cryptocurrency has slipped by 3% over the previous week, presently buying and selling at round $73.50. This signifies that it has plunged under the $73.75 mark, which the favored analyst Ali Martinez lately described as a “make-or-break” stage.

He believes {that a} sustained shut underneath this key zone would possibly set off additional promoting strain and end in a collapse to $60 and even $50 within the close to future.

However, not all are pessimists. X consumer Crypto Zenkai argued that purchasing SOL under $80 is like investing in Bitcoin (BTC) in 2010, whereas Lucky informed his almost 2 million followers that the asset’s plunge underneath $75 would possibly signify a “juicy dip.”

BTC Needs to Fall?

As of press time, the first cryptocurrency is value roughly $63,800, a 2.5% decline on a weekly foundation. And whereas bulls eagerly await a resurgence, Martinez claimed they need to really welcome a possible drop to $60K.

He believes {that a} plunge to that stage would validate the formation of a traditional inverse head-and-shoulders sample that’s sometimes seen as a precursor to a rally. The analyst opined that finishing the setup, mixed with a confirmed breakout above $66,500, might set the stage for a rally to a two-month high of $74K.

Not way back, Martinez predicted that BTC’s bear market (assuming the 4-year cycle holds) might conclude between October 6 and October 16. Until then, many business members count on the asset’s worth to plunge under $50,000 and even $40,000. The most bearish forecast got here from X consumer BATMAN, who claimed that BTC’s current efficiency mirrors that of the autumn of 2022, which was adopted by a large collapse to roughly $16,000.

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