Recently, the Pi Network team has been continuously pushing forward with protocol upgrades, and the performance of its native token, PI, continues to exceed market expectations. Against the backdrop of the current overall crypto market correction, PI has bucked the trend, rising by more than 6% in the past 24 hours, with its price stabilizing around $0.23, making it one of the few mainstream altcoins to rise against the tide.
The market is widely focused on the upcoming launch of protocol version v20.2, which is expected to be completed tomorrow. At the same time, community expectations for "Pi Day" on March 14 are also rising. This date is highly consistent with the numerical form of the mathematical constant π (3.14), giving it special significance for users. At this time last year, Pi Network released important progress, triggering violent price fluctuations, so this year the market is once again expecting a major announcement, such as a listing plan on a major exchange.
From a technical perspective, PI's monthly increase has reached 56%, and it has rebounded by as much as 73% since hitting a bottom of $0.1312 on February 11. However, investors need to be wary of the potential risk of "selling the news." According to the token unlock schedule, more than 13.5 million PI will be released for three consecutive days starting today, and this number will climb to 17 million on March 17. Historically, PI has often seen strong gains before major milestones, but is often accompanied by significant corrections after the release.
Pi Network Gears Up for Key Update, PI Token Surges Over 6% in a Day
Pi Network is about to complete the v20.2 protocol upgrade, coupled with Pi Day expectations, the PI token has risen by more than 6% in a single day, and the monthly increase has reached 56%. However, be wary of large-scale token unlocks and historical sell-the-news correction risks.