Crypto
Pi Network Rolls Out Protocol v25 as Pi Coin Hits New All-Time Low
Pi Network launches Protocol v25 with privacy upgrades as Pi Coin hits a record low. Can the update restore confidence amid supply concerns?
2h ago 4,280
BLOCKINSIDERLoadingPi Network launches Protocol v25 with privacy upgrades as Pi Coin hits a record low. Can the update restore confidence amid supply concerns?
Mobile mining app Pi Network is rolling out its Protocol v25 upgrade at a critical time. With Pi Coin trading around $0.076 (publication time), down nearly 97.43% from its all-time high, the project is betting on new privacy features and network improvements to rebuild confidence.
But the bigger question is, can the upcoming upgrade help revive Pi's struggling price?
In a recent blog post, Pi Network confirmed that Protocol v25 will go live on July 22, with the update mainly focused on improving network stability while preparing the blockchain for more advanced decentralized applications.
The biggest addition is support for BN254 cryptography and Poseidon hashing, two technologies that make it easier for developers to build zero-knowledge (ZK) applications.
These tools allow users to prove something is true without revealing their private information.
For example, someone could verify they meet an age or identity requirement without sharing personal documents with an application. Before Protocol v25, building these privacy-preserving applications on Pi Network was far more difficult.
Besides the protocol upgrade, Pi Network has also refreshed the mining app by redesigning its side menu and profile page, making important features easier to find. The update also introduces dark mode, one of the community's most requested features.
The Core Team has also removed Banxa as the in-app option for Mainnet wallet creation after expanding its Fast Track KYC process, although Banxa will remain available as an external service where supported.
Despite the technical improvements, Pi Coin remains under heavy pressure. The token recently fell to a new all-time low of $ 0.0707. Unlike previous price declines driven mainly by overall crypto market weakness, the current concerns are more closely linked to Pi Network's monthly token unlock.
According to PiScan data, between July and December 2026, approximately 775.8 million PI tokens are scheduled to unlock, averaging nearly 129.3 million PI every month.
Many investors expect a large portion of those unlocked tokens to reach exchanges, increasing selling pressure.
Pi Network supporter Dr. Altcoin believes the project's biggest challenge goes far beyond software upgrades.
In a recent post, he said that the Pi Core Team had several years to prepare for the current market conditions but appears unprepared for the growing supply pressure.
According to him, ecosystem announcements, a future Pi DEX, or new protocol upgrades alone are unlikely to reverse the price decline if supply continues rising faster than demand.
Instead, he believes the Core Team must address three issues directly: supply, demand, and liquidity.
Dr. Altcoin also criticized the team's communication with the community. He said users deserve greater transparency about the challenges facing the project instead of long periods without meaningful updates.
"The market does not reward promises, It rewards demand, utility, transparency, and decisive action."
He warned that if Pi continues falling toward $0.01, the token could lose its place among the crypto top 100 projects.
Meanwhile, the upgrade could help attract more developers, but it does not solve the immediate concerns surrounding the token price drop. While there is a possibility that Pi could see a short-term rally, it is unlikely to experience a sustained recovery.
To address the growing supply pressure, Dr. Altcoin suggests burning a significant portion of the remaining Pi supply, potentially up to 50%, similar to Stellar's historic token burn.
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