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Alarm mood in the Pi network: 12% price drop and upgrade in sight!
On October 9, 2025, we report on the Pi Network token, its price down 90%, and impending upgrade fears.
Alarm mood in the Pi network: 12% price drop and upgrade in sight!
The Pi Network community is currently facing a number of challenges while the Pi token has fallen 12% in the last week and is currently trading at around $0.263. Loud Crypto News Concerns about centralization and control over tokens have grown among users. These concerns are compounded by the realization that the Pi Core team controls an estimated 90 billion tokens, leading to fears of price manipulation.
An analyst has provided a timeline for the Pi Network's upgrade to protocol version 23. This upgrade is critical to improving both the scalability and speed of the platform. Full mainnet deployment is expected by the end of the fourth quarter of 2025 or the beginning of the first quarter of 2026. The upgrade will feature Stellar Core version 23.0.1 and seeks to provide users with a robust environment for DeFi tools.
Transition to latest protocols
The testnet running protocol version 23 is currently being actively tested. Other DeFi tools such as a decentralized exchange (DEX) and an automated market maker (AMM) are also being tested. After a successful testing phase with minimal errors, the team plans to move to Testnet 2, followed by mainnet deployment. These steps are crucial to guarantee the functionality and stability of the network.
Nevertheless, the question of project sustainability remains in the room. The price of the Pi token has reduced by 90% from its peak of $2.99, causing growing unrest within the Pi community. Users fear that the ongoing price declines could indicate possible rug pulls.
The extensive control that the Pi Core team has over the tokens raises further questions. The growing concerns about centralization could have a long-term impact on user trust in the project, which will certainly impact the overall development of the Pi Network.