Pi Network is reaching an important stage as developers launch major infrastructure upgrades and the community looks forward to new announcements before Pi2Day on June 28. Even with recent technical progress, PI’s market price is still near its lowest point, despite more activity in the ecosystem.
A major milestone happened on June 5, when the Pi Core Team announced they had successfully moved to Protocol v24. This upgrade was one of the network’s most challenging technical changes and aims to make node operations and the mainnet more reliable.
Now, attention turns to Protocol v25, which is planned for June 18. The development team has warned that this upgrade might take longer because it is more complex.
Recent achievements in the ecosystem include:
- Successful migration to Protocol v24.
- Protocol v25 scheduled for June 18.
- Enhanced infrastructure for nodes and mainnet activity.
- Continued expansion of developer and user participation.
These upgrades show that Pi Network is focused on making the network more scalable and reliable for the long term, even though market conditions are still tough.
Pi2Day Expectations Gain Momentum
More people are looking ahead to June 28, known as Pi2Day in the community since 6/28 matches the value of 2π. In the past, Pi Network has made big announcements during these events, so there is a lot of speculation about what might be shared this year.
While no official details have been confirmed, many community members believe Pi2Day could bring new ecosystem features, application launches, or broader network developments. The anticipation reflects the project’s active and engaged user base, which continues to support growth initiatives despite recent market weakness.
At the same time, Pi Network is building its presence in digital entertainment with CiDi Games, a company in its Ventures portfolio. Four new games—Coin Whack, Fruit Stack, Gemnova, and RainbowCubes—have been added, giving users more ways to get involved in the ecosystem.
AI Expansion Meets Price Pressure
Pi Network is also putting more effort into artificial intelligence. The project recently asked community members to find “vibe coders” who can create AI-powered apps and link them to the Pi App Studio distribution network.
The initiative encourages participants to:
- Identify active AI developer communities.
- Engage with relevant coding groups online.
- Introduce Pi Network’s ecosystem benefits.
- Submit referrals through the Pi mining application.
Even with these efforts to grow, PI is still facing a lot of market pressure. The token is now trading just above $0.12, which is down 27% in the last month and 96% below its all-time high from February last year.
More selling pressure is coming from higher exchange inflows and upcoming token unlocks, which both add to the supply. Still, some analysts are cautiously hopeful. Market watcher Erick Crypto pointed out that PI’s Relative Strength Index (RSI) is now in oversold territory, which sometimes leads to price rebounds. He believes that if PI can stay above $0.12, it could set the stage for a recovery if buyers come back.
With Pi2Day coming up, investors are watching to see if new developments will help boost both the ecosystem and the token’s price.