Why did the price of PI go up?

Pi Network’s price increased by 0.4% in the last 24 hours but is still down 93% from its highest point. This small rise fits with a 4.6% gain over the past week, driven by less selling pressure and updates to the Pi ecosystem.

1. Technical bounce – Indicators suggest a short-term price recovery.
2. Ecosystem updates – New lending and collateral features aim to make Pi more useful.
3. Lower token unlocks – The daily release of new tokens has dropped by half compared to summer, easing supply pressure.

Deep Dive

1. Technical Rebound (Mixed Impact)

Overview: Pi’s recent technical indicators, like the RSI (Relative Strength Index), show it’s near oversold levels, meaning the price may have dropped too far too fast. Other signals, such as bullish divergences in the Chaikin Money Flow (CMF) and RSI, suggest selling pressure might be weakening. The MACD histogram, a tool that tracks momentum, turned positive for the first time since early October.

What this means: Although the 200-day Exponential Moving Average (EMA) at $0.55 acts as a strong resistance level, short-term traders might be buying because the price looks oversold. Still, Pi’s price remains below important averages (7-day Simple Moving Average at $0.20 and 30-day SMA at $0.24), showing the overall trend is still bearish.

What to watch: A steady move above $0.21 (the 38.2% Fibonacci retracement level) would confirm stronger upward momentum.

2. Utility-Driven Demand (Bullish Impact)

Overview: On October 23, PiBridge introduced peer-to-peer (P2P) lending, letting users borrow stablecoins by using Pi as collateral or earn interest by lending their Pi tokens. This is the first decentralized finance (DeFi) feature in the Pi ecosystem. After this announcement, over 1 million Pi tokens were withdrawn from exchanges (Cryptopotato).

What this means: By giving Pi tokens new ways to be used, this update could reduce selling pressure for now. However, adoption is still uncertain since only about 2.69 million out of 4.76 million verified users have fully moved to the Mainnet.

3. Supply Dynamics (Neutral Impact)

Overview: The number of Pi tokens unlocked daily has dropped to around 4 million, down from 8-9 million during the summer, according to Cryptopotato. While this reduces immediate selling pressure, there are already 8.29 billion Pi tokens circulating out of a total supply of 100 billion.

What this means: Fewer tokens being unlocked daily helps stabilize the price in the short term. However, the large amount of Pi tokens not yet in circulation (about 91.7 billion) could limit long-term price growth.

Conclusion

The recent price increase reflects some technical buying and cautious optimism about new features that make Pi more useful. However, Pi’s price remains under pressure due to the large supply of tokens and challenges like slow migration of users to the Mainnet.

Key point to watch: Whether tokens continue to flow out of exchanges after the lending feature launch. A sustained drop in tokens held on exchanges (currently about 412 million Pi) could indicate a change in how holders are managing their Pi.

What could affect the price of PI?

Pi’s price is caught between supply challenges and the growth of its network.

1. Mainnet Migration Deadline (Feb 2025) – The extended KYC deadline might limit token supply or cause some users to sell quickly.
2. Token Unlocks – About 276 million PI tokens will enter the market by July 2025, which could lower prices.
3. Exchange Listings – Speculation about a Binance listing contrasts with current low trading activity.
4. ISO 20022 Integration – Upgrading to this global payment standard could attract big financial institutions.
5. Whale Accumulation – Large investors have bought 350 million PI since May, showing strategic interest.

Deep Dive

1. Mainnet Migration & KYC Deadline (Mixed Impact)

Overview:
The Pi Core Team extended the deadline to complete identity verification (KYC) and move tokens to the Mainnet until February 28, 2025. Recently, over 3.36 million users passed KYC, but only 2.69 million have fully moved their tokens. If users don’t migrate, they risk losing about 80% of their unmined tokens. This could reduce selling pressure but might hurt trust if many lose tokens.

What this means:

• Positive: Successful migration shows the network is maturing, which could attract developers and partners.
• Negative: Delays or many users losing tokens could cause fear and uncertainty, especially if the Open Network launch in early 2025 doesn’t meet expectations.

Learn more about the grace period extension

2. Token Unlocks & Exchange Reserves (Bearish Impact)

Overview:
By July 2025, 276 million PI tokens (worth about $176 million) will be unlocked and available for trading. Currently, over 412 million PI tokens are held on exchanges, with half on Gate.io, which could lead to selling pressure. The daily number of unlocked tokens has slowed to about 4 million per day, down from 8-9 million in summer 2025, but exchange balances remain high.

What this means:

• These unlocks might keep prices low (PI is down 93% from its highest value) unless new uses like Pi’s decentralized exchange (DEX) or staking increase demand.
• Large holders (whales) who bought 350 million PI since May might help stabilize prices if they keep accumulating.

Details on Pi’s price challenges

3. ISO 20022 Compliance & Exchange Listings (Bullish Catalyst)

Overview:
Pi plans to adopt ISO 20022 by November 2025, a global messaging standard used by banks for cross-border payments. This puts Pi alongside cryptocurrencies like XRP and Stellar (XLM). There’s also ongoing speculation about Pi being listed on Binance, supported by a community poll showing 85% approval.

What this means:

• ISO 20022 compliance could open doors to partnerships with banks, but success depends on how well the Open Network performs.
• A Binance listing would increase trading volume and boost Pi’s credibility. Currently, PI trades mainly on OKX and Gate.io.

More on Pi’s ISO 20022 update

Conclusion

Pi’s price will depend on how well it manages supply challenges like token unlocks and migration risks, balanced against progress in its network development and adoption of standards like ISO 20022. The 2025 roadmap could bring significant price swings, with $0.15 to $0.30 as key support levels. Keep an eye on:

• Progress with the Open Network launch
• Confirmations of exchange listings
• Movements by large holders (whales)

Will Pi’s 50 million users create real demand, or will token unlocks keep prices low?

What are people saying about PI?

The Pi community is feeling a mix of cautious hope and frustration as technical improvements face challenges from upcoming token releases and delays. Here’s what’s making headlines:

1. Upgrades raise hopes – New v23 update and ISO 20022 integration create excitement
2. Big holders vs. token unlocks – 630 million tokens set to unlock soon, with exchange balances rising
3. Core team scrutiny – Allegations of insider selling causing trust issues

In-Depth Look

1. @HolaItsAk47: September Upgrades & ETP Launch – Positive Signs

The v23 update introduces smart contracts, support for Linux nodes, and a European Pi-linked Exchange Traded Product (ETP). Indicators like RSI and MFI suggest buying interest, but the upcoming token unlocks could impact prices.
– @HolaItsAk47 (12.3k followers · 84k impressions · 2025-09-15 16:44 UTC)
See original post
What this means: These upgrades could attract institutional investors, which is good for Pi. However, delays or large token sales after unlocks might offset these gains.

2. CoinMarketCap Community: Token Unlock Wave – Caution Advised

Between June and August, 630 million Pi tokens will become available, with 263 million unlocking in June alone. Technical indicators show a bearish trend, and prices may fluctuate between $0.70 and $0.76.
– Anonymous trader (Posted 2025-05-30 06:47 UTC)
See original post
What this means: The large number of tokens entering the market could push prices down. Watch the $0.60 support level and trading volume for signs of where prices might head.

3. @johnmorganFL: AI Buzz & Binance Listing Rumors – Mixed Outlook

Pi’s price jumped 14% amid rumors of a Binance listing and new AI features tied to Pi2Day. A technical pattern suggests a possible breakout to $0.671 if momentum holds.
– @johnmorganFL (Posted 2025-06-25 14:22 UTC)
See original post
What this means: The outlook is uncertain until the AI features prove useful. If the price falls below $0.718, it could drop 20% down to $0.58.

Conclusion

Overall, opinions on Pi are mixed. The upcoming technical upgrades like v23 and ISO 20022 integration (planned for November 2025) show progress, but large token unlocks and rising exchange holdings (412 million Pi on exchanges and 116 million tokens unlocking through October 2025) keep selling pressure strong. Keep an eye on daily closing prices above the $0.20 support level and developments in Mainnet DeFi tools to see if Pi is being accumulated or sold off.

What is the latest news about PI?

Pi Network is making technical improvements while facing skepticism as its token price stays around $0.20. Here’s the latest update:

1. ISO 20022 Integration (October 23, 2025) – Aiming to be compatible with SWIFT for global payments.
2. KYC Milestone (October 24, 2025) – Verified 3.36 million new users, but many haven’t fully moved to the main network.
3. Selling Pressure Claims (October 23, 2025) – Allegations that the Core Team sold tokens, raising doubts about the token’s value.

Detailed Overview

1. ISO 20022 Integration (October 23, 2025)

What’s happening:
Pi Network plans to adopt the ISO 20022 financial messaging standard by November 2025. This standard is being used worldwide, especially by SWIFT, the main system banks use for international payments. Pi’s upgrades will include new protocols, compliance tools, and a decentralized exchange (DEX) to help it work smoothly with traditional banks.

Why it matters:
If successful, this could make PI useful for sending money across borders, similar to other cryptocurrencies like XRP and XLM. However, this depends on how well Pi can complete the technical work and form partnerships with banks, which are not confirmed yet. (CCN)

2. KYC Milestone (October 24, 2025)

What’s happening:
Pi Network’s AI-powered KYC (Know Your Customer) system verified 3.36 million new users, clearing a backlog of pending verifications. Still, only 2.69 million users have fully moved to the main network, with others waiting on additional checks or completing required steps.

Why it matters:
This improves the network’s security and trustworthiness. But the slow migration could delay real-world uses of the token. Also, daily token releases have been cut from 8 million to 4 million, which might reduce selling pressure, though doubts remain. (CryptoPotato)

3. Selling Pressure Claims (October 23, 2025)

What’s happening:
An analyst named Mr. Spock accused the Pi Core Team of selling 1.2 million tokens (worth about $240,000), based on wallet data and past concerns about fund misuse. The team says these sales help pay for upgrades like the current Testnet v23.

Why it matters:
This news hurts confidence, especially since PI’s price has dropped 93% from its $3 high. The community is debating whether these sales are necessary for development or a sign of poor management. (CoinGape)

Conclusion

Pi Network is making progress with important upgrades like ISO 20022 integration and KYC verification. However, concerns about insider token sales and a stagnant price raise questions about its future. Will aligning with SWIFT help restore trust, or will doubts continue to hold the project back?

What is expected in the development of PI?

Pi Network is moving forward with several key developments:

1. ISO 20022 Integration (November 22, 2025) – This update will align Pi with global financial messaging standards, making it easier to work with traditional banks.
2. PiBridge Neobank Launch (Q4 2025) – A new service allowing users to use PI tokens as loan collateral, earn interest, and borrow stablecoins tied to the US dollar.
3. Mainnet DEX Launch (Q1 2026) – The decentralized exchange (DEX) currently in testing will go live on the main Pi Network blockchain.
4. Protocol v23 Upgrade (Q1 2026) – An upgrade to improve scalability and smart contract capabilities by integrating Stellar Core technology.

In-Depth Look

1. ISO 20022 Integration (November 22, 2025)

What it is:
Pi Network plans to fully adopt the ISO 20022 standard, which is a global messaging system used by banks and financial institutions. This will help Pi communicate more effectively with traditional banking networks like SWIFT, making transactions smoother and more compliant with regulations (CCN).

Why it matters:
This is a positive development for Pi because it bridges the gap between decentralized finance (DeFi) and traditional banking. It could attract interest from larger financial institutions. However, there are risks such as potential delays or regulatory challenges.

2. PiBridge Neobank Launch (Q4 2025)

What it is:
PiBridge will introduce a Neobank—a digital bank—that lets users put up their PI tokens as collateral to get loans, earn rewards by staking their tokens, and borrow stablecoins pegged to the US dollar. This expands how PI can be used within its ecosystem (CryptoPotato).

Why it matters:
This development is somewhat positive, as it adds more practical uses for PI. However, its success depends on how many users adopt the service and how it competes with existing DeFi platforms. There are also risks related to liquidity and market competition.

3. Mainnet DEX Launch (Q1 2026)

What it is:
The Pi Network’s decentralized exchange (DEX), which is currently being tested, will move to the main blockchain early next year. It will offer features like automated trading pools, tools to create new tokens, and the ability to swap tokens across different blockchains (Crypto.News).

Why it matters:
If this launch goes well, it could increase activity from developers and traders, boosting liquidity. But technical challenges or low initial trading volume could slow down its impact.

4. Protocol v23 Upgrade (Q1 2026)

What it is:
Pi is testing an upgrade called Protocol v23, which incorporates Stellar Core v23.0.1 technology. This will improve the network’s ability to handle more transactions and support more advanced smart contracts. The upgrade is expected to go live on the main network in early 2026 (Coinspeaker).

Why it matters:
This upgrade is crucial for Pi’s long-term growth. Better smart contract support can attract developers to build decentralized applications (dApps) on Pi. However, delays in testing or competition from other blockchains could pose challenges.

Conclusion

Pi Network’s roadmap focuses on meeting global financial standards, expanding decentralized finance options, and upgrading its technology to become more than just a mining project. These steps could boost confidence among investors and users, but challenges like execution risks and broader economic factors remain.

What factors could help Pi grow beyond its current user base?

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What updates are there in the PI code base?

In the third quarter of 2025, Pi Network made three key updates to its technology and developer tools:

1. Protocol v23 Launch (September 2025) – Upgraded Testnet1 with built-in identity verification (KYC) and prepared for smart contracts.
2. Linux Node Release (August 2025) – Added support for Linux operating systems to help run the network more smoothly.
3. App Studio AI Features (October 2025) – Introduced AI tools for creating logos and improved how users find apps.

Detailed Overview

1. Protocol v23 Launch (September 2025)

What happened:
Pi Network upgraded its blockchain protocol from version 19 to 23, starting with Testnet1 on September 19. This upgrade includes new features for decentralized identity checks (KYC) and sets the stage for smart contracts—programs that automatically execute agreements on the blockchain.

The update uses technology from the Stellar blockchain to improve transaction handling and integrates identity verification directly into the system. Upgrades for Testnet2 and the Mainnet are still in progress, so some short network interruptions may occur.

Why it matters:
This is a positive step for Pi because it helps the network meet regulatory requirements (following ERC-3643 standards) and supports the creation of decentralized applications (dApps). Users benefit from stronger security, and developers get new tools to build compliant financial apps.
(Source)

2. Linux Node Release (August 2025)

What happened:
Pi Network launched node software compatible with Linux, a popular operating system among developers and servers. This update makes it easier to maintain nodes—the computers that help run and secure the network—by adding automatic updates and replacing older custom software.

Currently, over 400,000 nodes support Pi’s Testnet1, Testnet2, and Mainnet.

Why it matters:
While this update doesn’t change rewards for running nodes, it’s important for the network’s stability and growth. Supporting Linux attracts more technically skilled contributors, which helps make the network stronger and more reliable.
(Source)

3. App Studio AI Features (October 2025)

What happened:
Pi’s App Studio added new AI-powered tools that help users create logos, welcome messages, and easily edit chatbots or custom apps. The app discovery experience was also improved, allowing users to stake PI tokens to promote community-built apps. Apps are now better organized with category tags in the Pi Browser.

Why it matters:
This update encourages more people, even those without technical skills, to build and share apps on Pi Network. The staking feature motivates developers to create high-quality decentralized apps, helping the ecosystem grow.
(Source)

Conclusion

Pi Network’s recent updates focus on meeting regulatory standards (Protocol v23), improving infrastructure (Linux nodes), and boosting community engagement (AI tools). While there are still technical challenges ahead, these changes show Pi’s progress toward becoming a developer-friendly and compliant blockchain platform. The big question remains: will the new smart contract features in Protocol v23 lead to significant decentralized finance (DeFi) activity after the upgrade?