Pi Network has accomplished its v20.2 protocol improve, in accordance with the most recent studies. Despite marking a key milestone forward of Pi Day 2026, the Pi Coin worth has seen a big downturn, shedding practically 28% of its worth.
Pi Coin Price Falls Even After Major Network Upgrade
The value of the Pi token is at present within the crimson zone. As of press time, the token is valued at $0.2101, marking a 28% drop inside a single day. Despite a 6% weekly decline, the altcoin has seen an enormous 56% achieve over the previous month.
However, the present downturn has largely caught investor consideration. This is principally due to the Pi Network coin worth crash’s timing. The downturn follows the Pi Network’s much-anticipated v20.2 protocol improve.
It can also be price noting that right now’s Pi Coin worth crash comes on the heels of the token’s latest exceptional uptrend. As CoinGape reported yesterday, the Pi Coin saw a massive rally of 30%, particularly pushed by the Kraken itemizing.
Unveiling the Pi Network v20.2 Protocol Upgrade
Notably, the Pi Network staff had earlier introduced a sequence of protocol migrations for 2026. The first improve, v19.6, was rolled out on February 21, adopted by v19.9 on March 4. The subsequent improve, v20.2, was initially scheduled for March 14. But the staff later moved the deadline ahead to March 12.
While the revised deadline has already handed, the staff has not but launched an official affirmation in regards to the improve. However, many accounts on X, intently linked with the Pi Network staff, declare that the v20.2 improve went reside.
For instance, JoJo, the Pi Network Global GCV Movement Developer, shared an X post, revealing the main points of the improve. The publish learn, “The Pi Network node infrastructure has successfully completed the protocol migration to v20.2, marking another milestone in the sequential upgrade roadmap toward v23.”
What’s Behind This Pi Coin Price Crash?
As the present Pi Coin worth crash reversed its latest hike, it has considerably sparked warning amongst traders. This downturn happens regardless of speculations of a 40% Pi Network token hike forward of right now’s Pi Day. Now, all are left with a question- what’s driving this sudden Pi Coin worth drop?
The present Pi Coin worth drop is partially attributable to the normal sell-the-news response, which happens after main bulletins. The sample happens when costs improve earlier than essential information breaks, however then lower after the announcement turns into public. Hence, it stays fairly possible that merchants have bought the cash earlier than the improve, executing the profit-taking technique.
The elevated promoting exercise serves as one other main issue that drives the market downward. The Pi Network token’s buying and selling exercise noticed a 24 % improve in its 24-hour buying and selling quantity. The knowledge reveals that merchants interact in lively market exercise by promoting their belongings.
