The expected delay with the latest Pi Network protocol update continues, but the team behind the project has now urged certain nodes to move faster so that it can be completed soon.
Meanwhile, the project’s native token has finally shown some strength, bouncing from the $0.13 support.
PI Nodes, Hurry Up
The crucial protocol updates began at the end of February, and each was implemented on or even before the set deadline. However, that changed with protocol version 24. The upgrade, which is mostly focused on improving the underlying infrastructure that supports node operations and mainnet activity, came with some delay.
Upon its completion, the team set the deadline for the next update in line – version 25. It was supposed to be completed by June 18, but long before that day arrived, the Core Team warned that there might be another setback with the time needed.
A couple of days after the deadline had already expired, the team posted an update earlier this morning about the status of the new update. They reassured that most Mainnet node operators have successfully upgraded to protocol version 25, and urged those who have not to “do so at your earliest convenience.” Otherwise, they risk being disconnected from the network.
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.
As with previous…
— Pi Network (@PiCoreTeam) June 20, 2026
PI Bounces
The native token of the Pi Network ecosystem dumped hard during the early June market-wide crash, plunging to a new all-time low of under $0.12. It tried to rebound in the following weeks and neared $0.14. However, it faced another rejection there and tested the key support at $0.13 yesterday.
The bulls finally stepped up at this point and didn’t allow another breakdown toward the new low. Instead, PI has jumped by well over 4% on a daily scale, currently trading at around $0.135. It’s up by 15% since its all-time low, but the macro scale is quite painful, showing a 95.4% decline from the ATH seen in February 2025.
As reported yesterday, the token unlocking schedule for the next month is rather promising, with just 4.2 million coins set to be released on average daily. Similar occurrences could continue to ease the immediate selling pressure.
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