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FollowingPi Network's latest protocol upgrade brings the focus back to the long-term fundamentals of the project.
As Protocol v25 further strengthens network infrastructure, investors are also preparing for Pi Network's upcoming largest token unlocking cycle. This development will have a substantial impact on supply dynamics in the coming months. Against the backdrop of improving fundamentals and token prices approaching key resistance levels, Pi Network is entering a critical stage.
Protocol v25 consolidates Pi Network's long-term development strategy
Pi Network has officially deployed Protocol v25, introducing a series of back-end optimization measures aimed at improving network performance and expanding support for privacy-protecting smart contract functions. Although this update does not bring direct new features for users, it marks a new step in Pi Network's efforts to improve its blockchain infrastructure. As the Layer-1 ecosystem becomes increasingly competitive in terms of developer adoption and application growth, protocol upgrades are important for improving scalability, reliability, and long-term ecological sustainability.
The latest upgrade once again shows that the Pi core team puts infrastructure development ahead of short-term market heat. As the ecology continues to evolve after the launch of the open mainnet, the importance of this strategy will become increasingly prominent.
Growth in token supply may become Pi Network's biggest challenge
While Protocol v25 strengthens its technical foundation, Pi Network is also about to usher in one of its most important token supply events. According to relevant data, by the end of 2026, approximately 775.8 million PI tokens will be gradually unlocked, thereby increasing the market circulation supply.
Token unlocking is a normal part of blockchain token economics and does not necessarily translate into immediate selling pressure. However, the expansion of supply requires equally strong demand to maintain price stability. If network growth accelerates simultaneously with the pace of unlocking, the market may be able to absorb new supply; otherwise, despite continued improvements in the agreement, dilution concerns may continue to suppress investor sentiment.
Pi Network Price Analysis: Bulls test key breakthrough areas
The PI token is trying to reverse a correction trend that has lasted for months. Prices have now rebounded to the upper track of the downtrend channel, where horizontal resistance (US$0.095 -0.10 range) meets the channel resistance line. At the same time, buyers have regained their short-term moving average, indicating that bullish momentum is gradually increasing.
If the daily closing price firmly stands above the US$0.10 region, it will confirm the first structural breakthrough since May and may turn attention to the US$0.13 resistance area-a position that overlaps with the 100-day index moving average and the previous supply area. However, if this resistance level is not recovered, the PI may continue to trade within the existing range, and the US$0.08 support area remains critical to maintaining the current recovery structure.
Can fundamentals translate into sustained demand?
Protocol v25 marks another important node on the Pi Network's long-term roadmap, strengthening the project's commitment to building a stronger blockchain ecosystem. With nearly 776 million PIs in circulation in the coming months, the success of the Pi Network's recovery will depend on whether ecological growth generates enough demand to absorb the expanding supply of tokens.
Currently, Pi Network prices are approaching key technical resistance levels, and the next breakthrough attempt will provide the market with the clearest signal yet-whether improved fundamentals are beginning to translate into lasting investor confidence.
