Foreign media reports that Pi Network has deployed Protocol v25, with the update focusing on network stability and support for privacy-preserving smart contracts. This upgrade does not include any new features directly accessible to end users, but market attention has shifted back to the project's infrastructure development and the subsequent large-scale token unlocking.
v25 upgrade focuses on underlying capabilities
The report mentions that this update primarily focuses on backend improvements, aiming to enhance network performance and provide greater support for privacy-preserving smart contracts. For a Layer 1 public chain, such upgrades typically relate to developer onboarding, application expansion, and network reliability.
The article argues that v25 is more of an infrastructure upgrade within Pi Network's long-term roadmap than a short-term price stimulus. In other words, the upgrade itself signals progress, but the true market response will depend on whether ecosystem growth keeps pace.
Approximately 776 million PI tokens are awaiting unlocking.
At the same time, Pi Network will also see a large-scale token unlock. According to data from PiScan and BSCN, approximately 775.8 million PI tokens are expected to enter circulation by the end of 2026.
Unlocking tokens doesn't necessarily mean a concentrated selling pressure, but with increased circulation, the market needs stronger demand to absorb the new supply. If ecosystem activity, user growth, and application implementation are insufficient, supply expansion may continue to suppress price performance.
- Expected unlock size: Approximately 775.8 million PI tokens
- Unlocking period: Until the end of 2026
- Key focus: Can the new supply be absorbed by the market?
Price approaches $0.10 resistance
From a price perspective, PI has recently rebounded to the upper edge of its downward channel, with the $0.095 to $0.10 range considered a key resistance level. The article states that if the daily chart effectively closes above $0.10, the market may further target the $0.13 area.
This position is close to a previous area of heavy supply and coincides with the vicinity of the 100-day exponential moving average, thus presenting relatively concentrated resistance. Conversely, if the price fails to recover $0.10, PI may continue to fluctuate within a range, with the area around $0.08 being a key support level in the current upward structure.
Overall, foreign media believe that Pi Network is currently facing a dual challenge: "upgrading to improve expectations" and "unlocking to increase supply." Whether prices can move in a clearer direction depends on whether network development can generate sustained demand.
