Protocol v25 Goes Live as PI Rally Stalls Below $0.10 | Market Editor's Pick

Protocol v25 has gone live as Pi Network pushes its latest upgrade, but PI remains capped below $0.10 after a brief push higher following the July 22 release. The token slid to an all-time low of $0.0705 on July 14, then recovered and briefly reached an intraday high of $0.103 on July 19 before failing to hold. Activity picked up around the upgrade: both price and volume rose leading into launch day, but demand thinned once the catalyst passed. PI eased back toward $0.0918 afterward. The article attributes the muted price response to a combination of broader market conditions and PI’s supply schedule. PiScan estimates about 1.71 billion PI, worth roughly $157 million, will unlock over the next 12 months, with the biggest month near 432 million PI in December 2027. While Protocol v25 adds BN254 cryptography and Poseidon hashing and ships a redesigned mining app for Pi’s 60 million Pioneers, exchange data shows only minor net outflows of about 260,000 PI over 24 hours, suggesting limited forced selling.