TL;DR
- Pi Network announced that version 25 of its protocol will be completed on July 22, after six weeks without updates.
- The team indicated that the new version will improve network stability and support privacy-preserving smart contracts.
- The PI token fell 8.7% in the last 24 hours and has dropped more than 35% over the past two weeks.
Pi Network announced that version 25 of its protocol will be ready on July 22, ending six weeks of silence from the core team regarding the update’s progress. According to the team, the new version will focus on “improving network stability and reliability” and will incorporate capabilities for “more efficient and privacy-preserving smart contracts”.
The project had begun its update cycle in mid-first quarter of the year with version 19.6. Since then, several improvements followed, with v20.2 being one of the most significant, as it laid the groundwork for smart contracts. In May, the team migrated to versions 22 and 23, and version 24, currently in use, was deployed in early June with a minor delay. The deployment pace slowed notably in the second quarter, raising doubts among network users.
On July 22, Pi is scheduled to upgrade to Protocol v25, which primarily focuses on improving network stability and reliability, and supports new capabilities for more efficient, privacy-preserving smart contracts.
Go to the Pi mining app to learn more! pic.twitter.com/Btg8aEFAFh
— Pi Network (@PiCoreTeam) July 15, 2026
PI Collapses and Looks for Support
The native token of the project is going through one of its most critical moments. PI broke below the key support level of $0.10 in recent days and sellers dominated nearly every price movement, pushing the Pi Network token to mark consecutive all-time lows. The most recent was recorded two days ago, when the token bottomed out at $0.07.
That level initially acted as support and triggered a bounce that, according to previous reports, pushed the token up more than 15% at one point, surpassing $0.085. However, the move turned out to be a classic technical bounce: bearish pressure brought the token back down, which now shows a decline of 8.8% in the last 24 hours that leaves it below $0.077.
PI has accumulated a drop of more than 35% over the past two weeks and trades more than 97% below its all-time high recorded in February of last year. The question surrounding the market is whether the v25 update can act as a catalyst to reverse a downtrend that, for now, shows no clear signs of exhaustion.
