Pi Network (PI) is now at a critical juncture with the launch of Pi Node Linux and the forthcoming protocol upgrade to version 23.
However, Pi Coin is trading only a few percentage points above its all-time low, leading investors to feel both anxious and optimistic about a potential rebound.
Infrastructure Version Upgrades
Pi Network has officially launched a Linux Node and intends to upgrade the protocol from version 19 to 23.
“An upcoming rollout of protocol upgrades will commence with Testnet1 this week and continue with Testnet2 and Mainnet upgrades over the following weeks, which may necessitate planned outages of blockchain services.” The announcement noted.
The Pi Node Linux allows operators—particularly service providers and exchanges that utilize Linux environments—to run standardized node software, eliminating the need for customized builds. Operators can manage protocol updates or activate Pi’s auto-update feature, minimizing node configuration discrepancies and enhancing network stability.
For the community, while Linux support doesn’t lead to immediate Node rewards, it eases entry barriers, permitting developers and technically adept users to contribute to the ecosystem.
Simultaneously, Pi announced a multi-phase protocol upgrade, beginning with Testnet1 in the coming weeks, followed by Testnet2. Mainnet will then transition the entire ecosystem to version 23—a variant of Stellar Protocol v23 modified by Pi. Pi plans to embed KYC authority at the protocol level, gradually assigning verification authority to trusted organizations.
The team confirmed that over 14.82 million users have completed KYC and transitioned to Mainnet, a crucial milestone necessary for integrations that require identity verification.
Price Goes Down In Mixed Signals
From a market perspective, macroeconomic pressures and Bitcoin’s volatility are pulling PI into a precarious position.
Current data shows PI trading at approximately $0.34, just above its all-time low of $0.3312 (August 26, 2025). This slim margin could easily breach if bearish sentiment escalates. Given that the most recent all-time high was $2.99 last February, it’s evident that months of continuous decline have wiped out most of this year’s earlier gains.
Technical signals remain ambiguous. Some analyses indicate bullish divergence on momentum indicators, hinting at a possible 40% rebound if PI can regain resistance levels. However, this scenario relies heavily on renewed buying interest and overall market conditions. Conversely, another report cautions that Bitcoin may push PI to new lows due to its increasingly close correlation with BTC. If Bitcoin weakens, the possibility of PI breaking below its historical support becomes significantly real.
In summary, Pi is reinforcing its infrastructure while exploring price lows. Levels near ATL are often alluring for risk-tolerant investors, but rigorous risk management—clear stop-losses, position sizing, and waiting for trend confirmation—is crucial.
For builders, the launch of Pi Node Linux and the v23 upgrade offer a timely chance to explore early integrations, particularly as KYC transitions to the protocol level. This differentiator may serve as an advantage when institutional investment returns.
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