Pi Network Protocol v25 Goes Live as PI Stalls Under $0.10
Protocol v25 lands with privacy features
Pi Network confirmed the upgrade. In a July 15, 2026 blog post, the team said Pi is scheduled to move to Protocol v25, described as adding “new privacy-preserving capabilities.” The same update bundles mining app design changes. It is the headline item on the project’s official announcement feed.
The upgrade caps a busy quarter. The blog also logs Pi2Day 2026 releases and Pi App Studio additions through late June, per the same index.
The rally that never cleared a dime
PI sits below ten cents. Our CoinMarketCap feed puts the price at roughly $0.0835 as of July 18, 2026. The token gained 2.92% over the prior 24 hours — a green print, but a small one. That bounce sits inside a much heavier drawdown.
The one-day gain does not reverse the trend. It barely dents it. A single green candle rarely rewrites a downtrend on its own.
Weekly and monthly losses frame the upgrade
Step back from the day and the picture darkens. The same licensed data shows PI down 15.07% over seven days and down 36.18% across 30 days. So the v25 announcement window overlaps a stretch where the token shed more than a third of its value in a month. The 24-hour uptick is the exception, not the rule.
A falling monthly line and a rising daily line can coexist. Here they do. Context matters more than any single session.
Three questions the numbers answer
Is the market rewarding the v25 news? Not clearly. Our CoinMarketCap data shows a 2.92% daily gain, but weekly and monthly changes remain negative. A protocol milestone and a modest one-day rise are not the same as a sustained rerating.
How large is Pi as a network right now? The feed puts PI’s market capitalization near $914 million. That keeps it in mid-cap territory among layer-1 tokens, well below the majors of that group.
Is trading activity heavy relative to size? No. Reported 24-hour volume is about $15.53 million against that ~$914 million cap. Turnover of that scale — under 2% of market value changing hands in a day — points to thin participation, not a frenzy around the upgrade.
Where the code and the claims live
Pi keeps its build public. Client and platform code sits on the project’s official GitHub organization, where repositories including pi-platform-docs and the demo app show commit activity dated into July 2026. That is where release notes and technical detail for Pioneers and developers are published, alongside the developer portal.
The blog carries the announcements. The repositories carry the code. Readers wanting to verify v25 specifics have both. Transparency of that kind lets the community check the record for itself.
The dated marker ahead
Protocol v25 is scheduled, not retroactive. The July 15, 2026 announcement frames the upgrade as upcoming, so the live rollout and its accompanying release notes on GitHub are the next concrete, verifiable checkpoints for PI holders tracking whether the privacy-preserving features ship as described. Until then, the announcement stands as the clearest guidepost.
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Sources
Reporting is drawn from the primary sources listed above and CryptoNewsAlert's own licensed CoinMarketCap price data. See our editorial & data policy for how articles are produced and reviewed.
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