TL;DR
- Pi Network has planned another upgrade that will cause some complications for users. The announcement hasn’t rattled the PI community, with many members insisting the team should instead prioritize fixing KYC issues and pursue other goals.
- PI’s price has headed south again, further pressured by upcoming token unlocks.
A Brief Disruption
The team behind Pi Network revealed on its official X account that it will perform a scheduled upgrade later today (September 25). As a result, sign-ins and sign-ups will be temporarily disabled during this period
The upcoming process did not cause any panic across the PI community, with many members arguing that the project has much bigger problems to solve.
One X user urged the team to fix the ongoing issues surrounding the verification process and work towards a listing on a major crypto exchange (like Binance, for example).
Another claimed that the potential implementation of a burning mechanism might be quite beneficial for the project’s native token, which has been in a major decline over the past several months.
Today’s scheduled operation isn’t the only recent development for Pi Network. Earlier this month, the project’s testnet was upgraded to Protocol v23 – a custom-built enhancement that gives users greater control and unlocks new functionalities.
Prior to that, the team introduced Fast Track KYC – a solution launched through the further integration of AI in the Know-Your-Customer process, which enables Pioneers to participate in the Mainnet ecosystem “earlier than ever before.”
PI Price Outlook
Despite its brief resurgence on September 24, the asset has headed south again and currently trades at around $0.27 (according to CoinGecko’s data), representing a 5% decline over the past 24 hours
Some of the factors that may have negatively impacted its performance include the overall plunge of the crypto market, the aforementioned announcement regarding disrupted services, and the impending token unlocks in the next month.
Data shows that more than 137 million PI will be freed up within that period, with October 1 being the record day (13.2 million coins). This development doesn’t guarantee a mass exodus, but it does raise selling pressure and could prompt more investors to offload their positions.
PI Token Unlocks, Source: piscan.ioOn the other hand, numerous analysts remain optimistic that PI can soon return to the green track. X user Nehal envisioned a rally in the next few months that could take the price to as high as $1.50 before the end of 2025.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network Efforts to Restructure Web3 Launch Platform — Price Action Shows Otherwise
Pi Network officially launched its first version of Pi Launchpad on Testnet with a unique token mechanism on March 16. While it signifies progress, the market response has been negative, with PI's value dropping by 8.9%. The impact on investor sentiment remains uncertain.
TapChiBitcoin4h ago
Pi Network launches Pi Launchpad beta, supporting ecosystem token issuance and real-world application deployment
Pi Network launched a new application feature called Pi Launchpad on its testnet on March 16, designed to help developers issue project tokens and integrate them with practical applications. The platform emphasizes "utility first," promoting healthy ecosystem development and allowing users to experience token issuance and DeFi functionality through the test environment. Launchpad employs a liquidity pool mechanism to provide baseline liquidity, with the overall update aimed at attracting more developers and driving application implementation.
GateNews12h ago
Pi Network Launches Pi Launchpad App on Testnet
Pi Network has introduced a new feature called the Pi Launchpad. The first version is now live on the Pi Testnet as a Pi App. This early release allows the community to test how the system works before it moves to the main network. The Pi Core Team announced that the Launchpad currently uses a test environment.
Coinfomania13h ago
Pi Network Launches Second Migration With Referral Bonuses, Pi Coin Drops 23% on Pi Day
Pi Network initiated its second mainnet migration phase in early March 2026, transferring referral bonus tokens to the blockchain for the first time, with early batches moving tens of thousands of Pi coins to user wallets contingent on Know Your Customer (KYC) verification completion.
CryptopulseElite14h ago
