Pi Network’s PI Token Surges After Surprise Upgrade-You Won’t Believe the Bounce!

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Pi Network’s PI Token Rebounds Swiftly as Team Confirms Long-Awaited Update

Even with a small setback, the team working on the project has finished the latest major upgrade and suggested they’re moving on to the next one.

The platform’s cryptocurrency also recovered well after a significant drop in value earlier this week.

V21 Is Here

Starting in late February, after a smooth upgrade to version 19.6, the Core Team started pointing out how often the system was being updated. Version 19.9 followed shortly after, and then, by March 14th (Pi Day), they released the much-awaited version 20.2, which established the groundwork for smart contracts.

Version 21 launched in early April, and the team aimed to release version 22 by April 27th. While they didn’t officially announce the successful launch by that date, many users on X noticed signs that it had been completed. The team then confirmed the update on May 1st, reminding node operators to keep their systems current to maintain blockchain access.

The announcement also mentioned the upcoming v23 update, but didn’t say when it would be released.

Network Update: The Pi Mainnet has successfully upgraded to Protocol 22!

Hey everyone, just a heads-up for those of us running nodes: make sure your systems are fully updated. I’m keeping an eye out for details on the v23 upgrade and will share them as soon as I have them. Let’s keep things running smoothly!

— Pi Network (@PiCoreTeam) May 1, 2026

PI Rebounds

The project’s token saw a surprising surge mid-week, while most of the crypto market stayed flat or declined. In just two days, its value jumped from $0.17 to $0.20 – a monthly high – leading some experts to believe this could be the beginning of a larger price increase.

The price initially faced strong resistance and dropped to around $0.17 on Thursday. However, a well-known analyst on X pointed out that the price had stayed above its 100-day moving average – a key support level – and expects it to quickly recover.

The asset did recover on Friday, increasing by around 6% from its lowest point and climbing back above $0.18. Currently, its market capitalization is nearly $1.9 billion, ranking it as the 45th largest cryptocurrency on CoinGecko.

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2026-05-02 07:00