Pi Network Targets July 22 for Protocol v25 Amid Price Slump

The Pi Network Core Team has finally broken its silence regarding the upcoming version 25 update. After weeks of inactivity following the June release of version 24, the team announced that the latest protocol upgrade is scheduled for completion by July 22. This update aims to bolster network stability while introducing new features for more efficient and private smart contracts.

This development arrives during a difficult period for the PI token. The asset has faced extreme volatility recently, struggling to maintain its value above the 0.07 dollar mark. After falling below 0.10 dollars, the token hit consecutive all time lows, including a recent bottom near 0.07 dollars. Despite a brief 15 percent rebound earlier this week, the price was quickly rejected and currently trades down 8 percent over the last 24 hours.

Market participants are now watching to see if the technical improvements provided by version 25 can generate enough interest to stabilize the price. With the token still trading more than 97 percent below its historical peak from February of last year, the community remains focused on whether these updates will lead to long term growth or further turbulence.