Pi Network Mainnet Update: Pi Coin Price Prediction After Protocol 23 Upgrade Explained

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After months of decline, Pi Coin is fighting to stay afloat, currently hovering around $0.2368, with daily trading volumes slipping below $30 million. Once hailed as a revolutionary community-driven project boasting a market cap exceeding $17 billion, Pi has now shed nearly 90% of its value. All eyes are now on the upcoming Protocol 23 upgrade, which many believe could serve as the catalyst Pi needs to regain its footing.

Pi Coin Price Hits New All-Time Low

The Pi Network’s price slump stems primarily from weak demand and minimal on-chain activity. Community members on X have expressed growing dissatisfaction, accusing the team of slow progress, centralized control, and unfulfilled promises. One supporter bluntly stated:

“Demand is extremely down, and the on-chain usage of Pi is poor.”

Bearish sentiment has intensified, with some traders warning that Pi could tumble to $0.10 if decisive action is not taken soon. Low liquidity and a lack of developer transparency have added pressure, leaving investors anxiously awaiting signs of revival.

Pi Network Mainnet Upgrade

The upcoming Protocol 23 upgrade could mark a major turning point for the Pi ecosystem. Currently in testing, the upgrade is expected to go live on the mainnet by late Q4 2025 or early Q1 2026. 

According to Pi community expert Dr. Altcoin, the upgrade, aligned with Stellar Core v23.0.1, aims to enhance scalability, efficiency, and security.

Dr. Altcoin emphasized: “The Pi Core Team takes a slow but right approach, prioritizing precision and reliability over rushed execution.”

The update will also introduce Decentralized Finance (DeFi) features, including a Decentralized Exchange (DEX) and an Automated Market Maker (AMM). Users will be able to trade tokens, create liquidity pools, and test DeFi functionalities in a secure testnet environment before the mainnet rollout.

Despite optimism surrounding the technical upgrades, experts like Dr. Altcoin caution that technical improvements alone won’t resolve Pi’s liquidity crisis. He urges the Pi Core Team to consider measures such as token buybacks or coin burns to strengthen Pi’s tokenomics and restore investor confidence. Without these actions, he warned:

“The network’s price recovery may remain out of reach.”

Signs of Potential Recovery in Pi Coin Price

There are still some encouraging signs. The next token unlock is expected to release fewer coins under 120 million Pi, which could reduce selling pressure. Additionally, 2.5 million Pi tokens have recently been moved off exchanges into self-custody wallets, suggesting that holders may be preparing for the long term.

The Relative Strength Index (RSI) for Pi has also dropped to 24, indicating the token is oversold and could be due for a short-term rebound. If the Protocol 23 upgrade delivers on its promises, Pi may finally gain the momentum needed to climb out of its slump.