The team behind the cryptocurrency project has achieved several important milestones recently, and more updates are expected in the coming weeks.
Despite this progress, PI’s price remains near its all-time low, having dropped about 27% over the past 30 days.
The Latest Upgrades and What’s Next?
One of the most notable developments within the Pi Network ecosystem is the recent migration to protocol v24. The Core Team announced the upgrade on June 5, calling it “one of the most challenging migrations.”
This upgrade centers on strengthening the infrastructure that supports node operations and mainnet activity. Protocol v25 is the next milestone on the roadmap, with June 18 listed as the target date, though the team has warned this update may require more time and could be delayed.
In addition to protocol work, Pi Network has advanced in gaming. CiDi Games, a company in the Pi Network Ventures portfolio, rolled out four new games for Pioneers: Coin Whack, Fruit Stack, Gemnova, and RainbowCubes, expanding use cases and community engagement.
Pi2Day Incoming
Another date many in the Pi community are watching is June 28, commonly referred to as Pi2Day because 6/28 represents the mathematical value 2π. The team has a history of making major announcements on Pi Day (March 14), so the community is speculating whether June 28 will bring additional updates or feature launches. At this time, those expectations remain unofficial.
Special Focus on AI
Earlier this week, the Pi Core Team invited community members to recruit “vibe coders” to bring AI-created applications onto Pi’s real distribution network via Pi App Studio. The initiative targets creators who can help grow the ecosystem by deploying applications that leverage Pi’s audience and infrastructure.
Participants are asked to follow four primary steps: identify active vibe coder communities on social platforms, join and contribute to those communities, introduce Pi Network as a distribution option to interested coders, and submit the referral link using the “Vibe Coder” button in the Pi mining app.
“Any creator can benefit from what Pi ecosystem has to offer: a large, engaged community of 60M+ Engaged Pioneers, plus infrastructure including global payments, Pi Wallet, Pi Ad Network, and social network access,” the message reads.
PI Price Outlook
The token is among the weakest performers in the cryptocurrency market, trading just above $0.12. That level represents a 27% monthly decline and roughly a 96% drop from its all-time high recorded in February of last year.
Recently, there has been an uptick in transfers from self-custody wallets to exchanges, and substantial token unlocks are approaching. Together, these trends are viewed as bearish and could exert further downward pressure on the price.
Some observers note that technical indicators may point to potential short-term relief. For example, one commentator observed that PI’s Relative Strength Index (RSI) has reached oversold territory, which can precede a rebound. That analyst highlighted $0.12 as a key support level and suggested that renewed buying interest at or above that level could trigger a recovery from the current depressed prices.