PIVX Drops 128.39% in 24 Hours Amid Market Correction

On AUG 7 2025, PIVX dropped by 128.39% within 24 hours to reach $0.1405, PIVX rose by 914.83% within 7 days, dropped by 85.96% within 1 month, and dropped by 5551.27% within 1 year.

Protocol Upgrade Delays Spark Short-Term Volatility

A recent delay in a major protocol upgrade for PIVX has contributed to heightened volatility in the short term. The upgrade, which was initially scheduled for mid-July, has been postponed to late August due to extensive testing and security audits. While the delay is not uncommon in the cryptocurrency space, it has led to a degree of uncertainty among investors, particularly those who had anticipated the upgrade as a catalyst for bullish momentum.

The announcement of the delay was accompanied by statements from the PIVX development team emphasizing the need for caution and transparency. “Our priority is to ensure the network is fully prepared for the transition,” the team said in a recent update. “This is not a delay in progress, but a commitment to long-term stability.”

Ecosystem Expansions Continue Despite Market Headwinds

Despite the sharp price drop, the PIVX ecosystem has continued to expand, with recent additions to the network's infrastructure and partnerships. A new staking node provider joined the network last week, increasing the total number of active nodes to over 12,000. The addition is expected to improve network decentralization and transaction efficiency.

In addition, PIVX announced the launch of a new governance initiative aimed at decentralizing decision-making processes for future upgrades. The initiative allows token holders to submit proposals and vote on key changes, further aligning the network’s direction with the interests of its community.

Community Response Mixed Amid Sharp Price Action

The PIVX community has responded with mixed sentiments to the recent price movement. While some members have criticized the short-term drop as a sign of waning interest, others view it as an overreaction to the delay in the protocol upgrade. On public forums, long-term holders remain optimistic, citing the project's track record of executing on its roadmap.

One community member wrote, “This is a correction, not a collapse. The fundamentals are still strong.” Another added, “The delay isn’t a showstopper—it’s just more time to build confidence in the upgrade.”

Looking Ahead: Upgrade Timelines and Market Sentiment

With the protocol upgrade now slated for late August, the next several weeks will be critical in determining investor sentiment. If the upgrade is executed smoothly and without major technical hiccups, it could act as a catalyst for renewed interest in PIVX. However, given the recent volatility, any further delays or unexpected issues could prolong the current downturn.

Analysts project that the outcome of the upgrade and the network’s response to it will play a key role in PIVX’s trajectory over the next quarter. For now, market participants remain cautiously watching developments on the PIVX network and broader crypto market.