Recall that PI traded near $0.30 only a few weeks in the past. Now, it is right down to underneath $0.18.
The Core Staff behind the controversial blockchain undertaking has outlined the deadline for the completion of the following main improve, which ought to happen within the subsequent week or so.
Nonetheless, the protocol’s native token continues to bleed, dropping over 3% up to now day and dumping by double-digits weekly. It has erased basically all beneficial properties charted throughout the post-Kraken-announcement rally.
Subsequent Replace Deadline
The large protocol updates for Pi Community started in late February when the crew announced the migration to model 19.6. The following one, v19.9, followed swimsuit in early March. Probably the most anticipated improve was model 20.2, which drew vital consideration because it laid the groundworks for smart-contract capabilities, which might permit Pi Community to develop into a completely practical blockchain ecosystem.
After it was efficiently upgraded by Pi Day (March 14), the crew set its sights on the following large transfer – transferring to protocol 21. Nonetheless, it didn’t initially present a particular timeframe for completion, which led some group members to query the precise implementation.
However, the Core Staff outlined in a submit on X hours in the past that the Pi Community Mainnet has begun the method of upgrading to protocol 21, and the deadline is April 6. As with all earlier such updates, they urged all Mainnet nodes to “full this step earlier than the deadline to stay related to the community.”
The Pi Mainnet is upgrading to Protocol 21 – Deadline: Apr 6. All Mainnet nodes are required to finish this step earlier than the deadline to stay related to the community. Particulars right here: https://t.co/9VehO7hhj1
— Pi Community (@PiCoreTeam) March 27, 2026
PI Nonetheless Tanks
Maybe as a result of aforementioned updates or, extra probably, due to Kraken’s decision to list the underlying asset for buying and selling, the PI token went on a wild run in mid-March. At one level, simply after Kraken’s announcement, it skyrocketed by 30% in 24 hours. General, it jumped by practically 100% in days and marked a multi-month peak of practically $0.30.
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Nonetheless, as soon as the precise itemizing turned official, it turned out to be one other basic sell-the-news occasion, and PI crashed to underneath $0.20 immediately. It has remained largely under that degree ever since. It’s now right down to underneath $0.175 after one other 3% drop up to now day, because it has misplaced 13% of its worth weekly.
Knowledge from PiScan exhibits that the typical each day unlock of PI tokens shall be comparatively excessive for the following month, near 7 million. There shall be a number of days with over 10 million cash to be launched, which is one thing that might intensify the rapid promoting stress and result in additional declines.
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