Pi Network price project rebirth is about to start

The actual price trend of Pi Network shows that

Four days later, on July 22, Pi Network will release the agreement v25. This is a network upgrade that the team itself calls one of the most important upgrades of the year, introducing privacy-focused smart contracts and zero-knowledge proof support. This is a true technological rebirth, not marketing rhetoric-ZK certification and privacy contracts are real and hard-to-achieve infrastructure. Meanwhile, an anonymous wallet holding more than 400 million PIs has been quietly buying on dips since mid-July, but has failed to stop the price from falling. This article aims to clarify what is confirmed information, what is speculation, and what current price movements predict before the upgrade.

PI is currently trading at US$0.082978, up 6.86% in 24 hours, but still down 16.75% in the past week and 36.73% in the past month. Protocol v25 has been confirmed to be released on July 22 and will add privacy-first smart contracts and zero-knowledge proof support, while the Pi mining application is also undergoing continuous revisions. According to online tracking, a wallet holding more than 400 million PIs has been buying on dips since mid-July, but this is not enough to reverse the overall downward trend. PI prices remain below their 20-day, 50-day, 100-day and 200-day exponential moving averages, all of which continue to favor sellers on a technical basis.

The word "rebirth" aptly describes the technical significance of protocol v25. But whether it is enough to revitalize prices is an unresolved and independent question, and this article will treat it honestly rather than speculate.

Internal data: actual delivery content of protocol v25

Details:

Release date: July 22, 2026--Confirmed by Pi core team

Core function: privacy-first smart contract. Supporting transaction and contract logic does not require all details to be disclosed on the chain, which is of great significance to enterprise and payment application scenarios.

Core function: zero-knowledge proof support. Allowing information to be verified without revealing the underlying data itself is an increasingly needed infrastructure for compliant, privacy-protected blockchain applications.

Parallel initiative: Mining application redesign. A comprehensive visual and functional revision of Pi's flagship mobile app was launched a few days before the release of v25.

400 million PI whale positions. According to online tracking, an anonymous wallet has bought more than 400 million PIs on dips since mid-July, but failed to completely prevent the price from falling.

Previous agreement precedent: The agreement v25 node upgrade deadline (a previous separate early update) required all main-network nodes to complete the upgrade by June 18 to maintain network connectivity.

What deserves a clear distinction is that this is a real, technically substantial infrastructure upgrade, not a rebranding activity. Zero-knowledge proof is being actively used by serious blockchain infrastructure projects to implement the kind of compliant and private use cases that Pi Network is targeting with products such as PiVerify. It remains to be seen whether the market will view July 22 as the real catalyst or whether it will ignore it, as some of Pi's statements earlier this year did.

400 million PI Whales: A complex signal

An anonymous wallet holds more than 400 million PIs, worth approximately US$33 million at current prices, which is a truly large position by any standard. The complexity lies in the message it sends: continued bargain-hunting on this scale suggests that at least one big player believes that current prices are valuable. However, this by itself is not enough to reverse the overall downtrend; even with this buying pressure, the PI has fallen nearly 37% in the past month. This combination-real accumulation without trend reversal-is consistent with market conditions: seller pressure, mainly from continued token unlocking, remains stronger than even large-scale buyer interest.

What does today's rebound actually show?

● PI rose 6.86% today to US$0.08208 -0.082978, continuing the turbulent pattern of two and one retreat since the all-time low of US$0.070979 on July 14.

● The rally follows news of the app redesign and has been recently consolidated by increased expectations for the July 22 release of the protocol v25.

● The 24-hour trading volume was US$20 million, and the price range for the day was between US$0.077347 and US$0.084686.

● Despite today's gains, PI prices are still below all four major moving averages (20/50/100/200 day EMA), meaning broader technical trends have not yet reversed.

Quick Overview: PI Overview

Indicator: Current reading

Current price: US$0.08208 -0.082978

24-hour change: +6.86%

7-day change: -16.75%

30-day change: -36.73%

Historical low (July 14): US$0.070979

Market Value: US$908 million

Fully diluted valuation: US$1.4 billion

Agreement v25 release: July 22, 2026-Privacy contract + ZK certificate

400 million PI whale: Anonymous wallet bought on dips since mid-July

Key resistance level: 20th EMA ≈ US$0.1039, 50th EMA ≈ US$0.1218

Technical Analysis

Indicators: Current reading, signal

24-hour price change: +6.86%, continuing the volatile recovery pattern since the historical low of July 14

Price vs. EMA (20/50/100/200) Relationship: Below all four moving averages, despite today's gains, broader technical trends are still short

Key resistance levels: 20th EMA ≈ US$0.1039, then 50th EMA ≈ US$0.1218, these levels need to be recovered to completely reverse trend

400 million PI whale activity: Buying on dips has continued since mid-July, and there is real buyer interest, but the trend has not yet been reversed.

Release from Agreement v25: 4 days, the next confirmed substantive catalyst

Pi Network Price Forecast: Bear, benchmark, call and extreme call scenarios

Scenario: In the next 30 days, at the end of 2026, key conditions

bearish scenarios: US$0.060 -0.075, US$0.05 -0.09, and the market has no response after the release of the agreement v25; unlocked supply continues to overwhelm demand

Baseline scenarios: US$0.078 -0.10, US$0.09 -0.14, and v25 will be implemented smoothly; The gradual recovery continues, but there is no decisive breakthrough

Bullish scenario: US$0.10 -0.13, US$0.14 -0.20, v25 drives developer interest in privacy contracts; Reclaim and hold on to the 20th EMA

Extreme bullish scenario: above US$0.14, US$0.22 -0.32, ZK proves that infrastructure attracts institutional-level use cases; The beliefs of 400 million whales have been verified by a wider accumulation

Risks and Opportunities

Risks:

PI remains below all four major moving averages, and the overall technical trend is bearish

Continued token unlocking continues to increase seller pressure regardless of upcoming upgrades

Some statements by Pi earlier this year failed to have a meaningful impact on the market, This is a true precedent for v25 to have less than expected price impact

Even if there is a rebound today, the 7-day and 30-day trends are still significantly negative

Opportunities:

Protocol v25 's privacy contract and ZK proof support is a real, substantial infrastructure upgrade with only 4 days left to be released

A wallet holding 400 million PI has shown continued bargain hunting belief since mid-July

The close connection between application redesign and v25 release may together form a broader narrative of renewed interest

If Pi is executed properly, ZK proves that infrastructure has real and growing demand across the blockchain industry

YMYL Disclaimer : This article deals with cryptocurrencies and falls under the theme of "Your Money or Your Life." This article is for information purposes only and does not constitute financial, investment or legal advice. Given the relatively short trading history of Pi Network, the large supply of uncirculated tokens, and unusual distribution patterns, uncertainty is high. The prices, technical forms and upgrade details quoted in the article reflect public information as of July 18, 2026 and may change at any time without notice. Always conduct independent research and consult a licensed financial adviser before making an investment decision.