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CryptoPotato1 min read
Pi Network’s PI Dumps to Local Lows as New Updates Fail to Boost Investor Sentiment
TL;DR
Pi Network's native token, PI, has dropped to local lows despite recent updates and announcements aimed at boosting investor sentiment. The community remains skeptical as the token's price continues to struggle after a brief spike from its listing on Kraken.
Key points
- Pi Network's PI token price remains depressed
- Recent updates have had limited impact on investor sentiment
- Community questions the Core Team's actions
Pi NetworkPI
The team behind the Pi Network project has introduced numerous updates, reward distributions, initiatives, and all sorts of positive announcements in the past few months, but the overall impact has been quite limited.
Aside from a brief spike propelled by the hype around the listing on Kraken, the native token’s price remains highly depressed, while the community continues to question the Core Team’s actions.
Investor Sentiment Still Low
CryptoPotato has repeatedly reported on Pi Network’s consecutive updates since the beginning of the year. They began with moving to protocol version 19.6, followed by v19.9 in early March, and the highly important v20.2, which was announced on Pi Day (March 14) 2026. It carried such significance as it laid out the fundamentals for the network to begin offering smart-contract features.
The next one, version 21, was promised to be successfully completed by April 6, and the team announced the migration around that date. In the meantime, they have also begun the second migration, allowing token holders to migrate their assets to Mainnet, and introduced an RPC server for Pi Testnet.
Last but not least, the Core Team highlighted another important aspect of its services: rewards distribution. In a post from last week, they said the first batch had been successfully delivered directly to eligible validators’ Mainnet wallets after the completion of more than 526 million validation tasks by more than a million such participants.
Despite all these positive developments, though, the majority of the comments below the Core Team’s posts on X are still criticizing the lack of actual progress, and they focus on two main topics: their inability to access their assets despite completing KYC requirements, and the native token’s consistent decline.
PI Keeps Dropping
The only development that managed to impact PI’s price performance in the past few months was the listing on Kraken in March. More precisely, the hype about the listing. The token before and after the announcement, surging from $0.18 to almost $0.30.
Q&A
Why has the price of Pi Network's PI token dropped?
The price of Pi Network's PI token has dropped due to limited impact from recent updates and ongoing skepticism from the community.
What updates has the Pi Network team introduced recently?
The Pi Network team has introduced several updates including protocol version changes, reward distributions, and the migration to Mainnet.
What is the significance of the Pi Network's version 20.2 update?
The version 20.2 update is significant as it lays the groundwork for the network to start offering smart-contract features.
