The newest extremely anticipated protocol replace for Pi Community has not gone dwell but, though the official deadline set by the crew expired days in the past.
Within the meantime, the native digital asset tried to rebound yesterday, nevertheless it was halted in its tracks and is down under one other key assist stage.
Pi Replace Goes Stay
After the profitable deployment of model 22, introduced on Could 1, the crew behind the challenge famous that the following main improve ought to be accomplished by Could 15. That date got here and went, however there was no official affirmation from them, just some contradicting feedback on X, whether or not it was or it wasn’t carried out.
The crew lastly shed some extra gentle on its progress just a few hours in the past, indicating that “most main Nodes” had upgraded to model 23. After it mentioned “large kudos” to these Mainnet Node operators who had efficiently upgraded to the brand new model, it admitted that not all have finished so and the protocol remains to be “anticipated to maneuver to v23 quickly.”
The crew described the brand new replace as one of many “most difficult” to this point, because it includes a number of “subsystem upgrades and optimizations that required inside knowledge processing.”
Huge kudos to Mainnet Node operators for upgrading to v23.
Most main Nodes have now been upgraded, and the protocol is predicted to maneuver to v23 quickly.
This was some of the difficult upgrades to this point, because it concerned a number of subsystem upgrades and optimizations that…
— Pi Community (@PiCoreTeam) Could 20, 2026
Forward of the anticipated model 23, the crew efficiently carried out model 22 in early Could, as talked about above; model 21 in April; model 20.2 in late March; and variations 19.9 and 19.6 in early March and late February, respectively.
PI Restoration Halted
The protocol’s native token has been in a free-fall state for weeks now. It was rejected at $0.20 on the finish of February and misplaced just a few key assist ranges on its manner all the way down to below $0.15. It plunged to $0.145 a few days in the past earlier than the bulls briefly stepped up yesterday because the asset bounced to $0.155.
That restoration try couldn’t final lengthy, and even with the minor market uptick seen up to now hour or so, PI has fallen beneath $0.15 as soon as once more. Its weekly losses are at over 18%, and its market cap is properly under $1.6 billion, making it the 54th-largest cryptocurrency by that metric.
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