- Pi Network has migrated 12 million users to its Mainnet, but PI’s price remains under pressure with miner frustrations.
- The upcoming Protocol 23 upgrade aims to improve scalability, security, and ecosystem adoption.
Pi Network has marked a significant milestone by migrating over 12 million users to its Mainnet. Despite this achievement, the PI token continues to struggle with declining prices and market uncertainty, raising questions about its long-term adoption.
ALSO READ:Why Pi Network Could Collapse in 2026 and Are Investors Ready?
Pi Network Protocol 23 Upgrade Brings New Advancements
The upcoming Protocol 23 upgrade, scheduled for September 2025, is designed to enhance scalability and strengthen security. A major improvement will be the transition from custom node builds to Linux-based nodes, giving operators more flexibility to self-manage updates or enable auto-updates. This shift is expected to improve overall stability and efficiency across the network.
Another important development is the introduction of decentralized KYC. More than 65 million users have already completed verification, creating the infrastructure needed to support a compliant DeFi ecosystem within Pi Network.
ALSO READ:Pi Network Version 23 Launch Brings Key Updates for Users and PI Token
Expanding the PiOnline Ecosystem
Pi Network continues to focus on ecosystem growth through PiOnline, which already has over 20,000 apps in development. The platform is expanding its global reach by supporting local payment methods across 60 countries, aiming to attract more user adoption.
However, investor sentiment remains cautious. Despite these advancements, PI’s price increased by only 1.5% in the past week, suggesting limited confidence in the project’s short-term prospects.
Pi Network User Frustrations with Mining
Community feedback reflects growing frustrations among miners, particularly regarding lower mining rates. Many users feel it now takes longer to accumulate tokens without relying on bonus rewards, raising concerns about the sustainability of mining incentives.
Whale Holdings Provide Temporary Stability
One encouraging factor is the accumulation of approximately 331 million PI, valued at about $114 million, by a whale since May 2025. This substantial holding may help counter short-term sell pressure. Still, with additional supply entering exchanges and token unlocks ahead, analysts warn that sell pressure could remain a persistent challenge.
At present, PI trades near $0.374, down 17% over the past month and 45% over the last 90 days. The 200-day EMA at $0.71 continues to act as a strong resistance level. Without stronger ecosystem-driven demand, analysts expect the token to remain vulnerable to bearish trends.
ALSO READ:Pi Network Launches Linux Node Upgrade as Pi Coin Eyes Recovery
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