Pi Price Recovers from Support Amidst Pi Network Warning

Pi Network Protocol Update Faces Delays, Team Urges Node Operators to Expedite

The anticipated protocol update for the Pi Network is experiencing delays, prompting the project’s development team to call on certain node operators to accelerate their efforts to ensure its timely completion. Concurrently, the network’s native token has shown signs of recovery, rebounding from a critical support level.

The ongoing series of crucial protocol updates commenced in late February, with earlier versions being implemented on or ahead of schedule. However, protocol version 24 marked a departure from this trend, introducing a delay. This upgrade, primarily aimed at enhancing the underlying infrastructure supporting node operations and mainnet activity, encountered unforeseen setbacks.

Following the completion of version 24, the team established a deadline for the subsequent update, version 25, which was slated for completion by June 18. However, well in advance of this date, the Core Team issued a warning regarding potential further delays in the required timeframe.

Several days after the June 18 deadline had passed, the team provided an update on the status of the new version. They confirmed that the majority of Mainnet node operators have successfully upgraded to protocol version 25. The team urged those who have not yet completed the upgrade to do so “at your earliest convenience,” emphasizing that failure to comply risks disconnection from the network.

A message posted by the Pi Network (@PiCoreTeam) on June 20, 2026, stated: “Reminder for all Pi Mainnet Node operators: The majority of Mainnet node operators have already successfully upgraded to Protocol v25. If you have not yet upgraded your node, please do so at your earliest convenience to remain connected to the network.”

PI Token Shows Resilience Amidst Market Volatility

The native token of the Pi Network ecosystem experienced a significant downturn in early June, coinciding with a broader market crash, and fell to a new all-time low below $0.12. In the subsequent weeks, the token attempted a recovery, nearing the $0.14 mark. However, it faced resistance at this level and yesterday tested a key support at $0.13.

At this juncture, buying interest emerged, preventing a further decline to new lows. The PI token has since seen a daily increase of over 4%, trading at approximately $0.135. While this represents a 15% rise from its all-time low, the broader market context remains challenging, with the token showing a 95.4% decrease from its all-time high recorded in February 2025.

Reports from yesterday indicated a promising token unlocking schedule for the upcoming month, with an average of only 4.2 million coins set to be released daily. Such a trend could potentially alleviate immediate selling pressure.