Pi Network 2025 Update: Mainnet Upgrade, Token Unlock, and Price Speculation

Pi Network's v23.01 protocol upgrade strengthens security, scalability, and transparency, while a new liquidity event unlocks millions of tokens, sparking price speculation. The upgrade is set to roll out in phases, with full activation expected in early September. Market watchers warn that the increase in supply could weigh on prices in the short term, but the community sees it as a "new era launch" strengthening Pi's transition into a fully open mainnet economy.

Pi Network, a blockchain-based cryptocurrency, has been making significant strides with its latest developments. The v23.01 protocol upgrade, set to be rolled out in early September 2025, aims to enhance the network's security, scalability, and transparency. This upgrade, built on top of Stellar-Core v23.0.1, introduces features such as biometric logins and enhanced two-factor authentication, strengthening the network's security infrastructure [2].

In addition to the protocol upgrade, a new liquidity event is set to release approximately 159.5 million PI tokens into the market. This event, scheduled to begin in September 2025, is part of a larger distribution plan that will release 5.38 billion tokens by 2028. The gradual release of these tokens is designed to prevent sudden price shocks, with daily unlocks rather than one-off releases [2].

Market watchers have expressed concern that the increase in supply could put downward pressure on prices in the short term. However, the Pi community views this event as a "new era launch," believing that the liquidity infusion will strengthen Pi's transition into a fully open mainnet economy [2].

The v23.01 upgrade is being rolled out in phases, with Testnet1, Testnet2, and finally Mainnet activations planned. The code for the upgrade is set to be revealed in September, providing developers and institutions with deeper insight into how Pi operates and boosting the network's credibility [2].

Pi Network's price has been hovering near $0.35, a level that has acted as a crucial support area throughout August. While sellers have dominated much of the summer, the recent stabilization has fueled rumors that Pi may have already bottomed out. If buying pressure returns, Pi could test the $0.42–$0.45 resistance zone, where previous rallies stalled. Breaking through this range might open the door to a run toward $0.50 or higher in the short term [2].

On the other hand, skeptics caution that the September unlock of 159.5 million PI tokens could flood the market with supply. If selling pressure intensifies, Pi risks breaking below support at $0.33–$0.34, which might expose it to a retest of the $0.30 region or even fresh lows [2].

For now, the debate centers on whether the recent sideways movement is the calm before a recovery or just a pause before another leg down. As with most emerging tokens, much depends on liquidity inflows and whether the community narrative can outpace the market’s skepticism [2].

References:
[1] https://www.fxstreet.com/cryptocurrencies/news/pi-network-price-forecast-pi-rebounds-as-core-team-drops-linux-version-202508281022
[2] https://coindoo.com/pi-network-2025-update-huge-mainnet-news-price-rumors-what-every-pioneer-must-know/