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Breaking Pi Network News: New Update Delayed as PI Price Recovery Stalls
TL;DR
The Pi Network's anticipated protocol update has been delayed past its deadline, with no official launch yet. The PI price recovery has stalled, falling below a key support level.
Key points
- Pi Network's protocol update deadline has passed
- PI price recovery has stalled below a key support level
- Most major Nodes upgraded to version 23 but not all
Mentioned in this story
Pi Network
PI
The latest highly anticipated protocol update for Pi Network has not gone live yet, even though the official deadline set by the team expired days ago.
In the meantime, the native digital asset tried to rebound yesterday, but it was halted in its tracks and is down below another key support level.
Pi Update Goes Live
After the successful deployment of version 22, announced on May 1, the team behind the project noted that the next major upgrade should be completed by May 15. That date came and went, but there was no official confirmation from them, only some contradicting comments on X, whether it was or it wasn’t implemented.
The team finally shed some more light on its progress a few hours ago, indicating that “most major Nodes” had upgraded to version 23. After it said “big kudos” to those Mainnet Node operators who had successfully upgraded to the new version, it admitted that not all have done so and the protocol is still “expected to move to v23 soon.”
The team described the new update as one of the “most challenging” to date, as it involves multiple “subsystem upgrades and optimizations that required internal data processing.”
Big kudos to Mainnet Node operators for upgrading to v23.
Most major Nodes have now been upgraded, and the protocol is expected to move to v23 soon.
This was one of the most challenging upgrades to date, as it involved multiple subsystem upgrades and optimizations that…
— Pi Network (@PiCoreTeam) May 20, 2026
Ahead of the expected version 23, the team successfully implemented version 22 in early May, as mentioned above; version 21 in April; version 20.2 in late March; and versions 19.9 and 19.6 in early March and late February, respectively.
PI Recovery Halted
The protocol’s native token has been in a free-fall state for weeks now. It was rejected at $0.20 at the end of February and lost a few key support levels on its way down to under $0.15. It plunged to $0.145 a couple of days ago before the bulls briefly stepped up yesterday as the asset bounced to $0.155.
Q&A
Why was the Pi Network update delayed past the deadline?
The update was delayed due to not all major Nodes successfully upgrading to version 23, as indicated by the team.
What is the current status of the PI price recovery?
The PI price recovery has stalled and is currently below another key support level.
When was the last successful update for Pi Network before this delay?
The last successful update for Pi Network was version 22, which was announced on May 1.
