{"id":43809,"date":"2026-05-18T06:46:26","date_gmt":"2026-05-18T06:46:26","guid":{"rendered":"https:\/\/cryptd.in\/pi-networks-pi-plunges-to-new-3-month-low-despite-hype-around-game-changing-update\/"},"modified":"2026-05-18T06:46:26","modified_gmt":"2026-05-18T06:46:26","slug":"pi-networks-pi-plunges-to-new-3-month-low-despite-hype-around-game-changing-update","status":"publish","type":"post","link":"https:\/\/cryptd.in\/en\/pi-networks-pi-plunges-to-new-3-month-low-despite-hype-around-game-changing-update\/","title":{"rendered":"Pi Network\u2019s PI Plunges to New 3-Month Low Despite Hype Around \u2018Game-Changing\u2019 Update"},"content":{"rendered":"

Pi Network\u2019s native token is on the move again, but in the opposite direction of what the project\u2019s multi-million fan base expects and hopes.<\/p>\n

The latest leg down comes amid community expectations regarding the new protocol updates and some team announcements.<\/p>\n

PI Dumps Yet Again<\/h2>\n

It\u2019s safe to say that the popular altcoin has seen better days, which weren\u2019t all that long ago. Recall that it exploded<\/a> to $0.30 two months ago during the mounting hype about the upcoming listing on the veteran US exchange, Kraken. The actual development, though, became a classic sell-the-news moment as PI plummeted<\/a> shortly after it went live for trading, going down to its starting position at $0.18.<\/p>\n

The subsequent breakout attempts were not as impressive, and PI was halted at $0.20 during each of them. The last one was at the end of April, when the bears took complete control and have been dominating ever since. PI managed to find some support at $0.17 and spent a few weeks trading sideways between that lower boundary and $0.18.<\/p>\n

However, the rejection during the weekend brought the token down<\/a> to $0.155, which was a three-month low. Another such local setback arrived in the past 12 hours as the entire market crashed<\/a>. However, PI\u2019s nosedive was more painful than almost all other altcoins, dumping by another 6% to under $0.15.<\/p>\n

Its market capitalization has plunged below $1.6 billion, pushing the asset well outside the top 50 alts by that metric.<\/p>\n

\"Pi<\/a>
Pi Network (PI) Price on CoinGecko<\/figcaption><\/figure>\n

Update Still Awaited<\/h2>\n

Aside from issuing an urgent warning<\/a> about the safety of its user base and an important KYC announcement<\/a>, the team behind the project recently outlined the deadline by which the protocol upgrade v23 had to be successfully migrated. Following the completion of previous updates, such as v19.6, v19.9, v20.2, and v22, the team set May 15 as the date<\/a> for the latest one.<\/p>\n

Although that date passed on Friday, there hasn\u2019t been an official statement from the Core Team about its successful completion. There are some contradicting comments on X, with some users claiming<\/a> that the update has been deployed, while others believe<\/a> it might take a few more days.<\/p>\n

Nevertheless, they all seem convinced<\/a> that v23 will be a game-changer for the broader Pi Network ecosystem, as it\u2019s expected to pave the way for native smart contracts, dApps, and a Pi Dex.<\/p>\n

The post Pi Network\u2019s PI Plunges to New 3-Month Low Despite Hype Around \u2018Game-Changing\u2019 Update<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Pi Network\u2019s native token is on the move again, but in the opposite direction of what the project\u2019s multi-million fan base expects and hopes. The latest leg down comes amid community expectations regarding the new protocol updates and some team announcements. PI Dumps Yet Again It\u2019s safe to say that the popular altcoin has seen […]<\/p>\n","protected":false},"author":1,"featured_media":43811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nPi Network\u2019s PI Plunges to New 3-Month Low Despite Hype Around \u2018Game-Changing\u2019 Update - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/en\/pi-networks-pi-plunges-to-new-3-month-low-despite-hype-around-game-changing-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pi Network\u2019s PI Plunges to New 3-Month Low Despite Hype Around \u2018Game-Changing\u2019 Update - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Pi Network\u2019s native token is on the move again, but in the opposite direction of what the project\u2019s multi-million fan base expects and hopes. 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