Pi Network’s Protocol 22 upgrade deadline is just days away, and millions of Pi holders are hoping that Pi coin price will see a pump before the deadline.
As of now, Pi Coin (PI) is currently trading around $0.17, showing only a small gain as rising US–Iran tensions continue to hurt investor sentiment and keep trading cautious.
According to the official confirmation from Pi Network developers, all node operators must complete the mandatory upgrade to Protocol 22.1 by April 27, 2026.
Nodes that fail to transition from version 21.2 will face automatic disconnection from the network.
This is more than just a routine update. It prepares the network for the upcoming Protocol 23 upgrade in May, which is expected to introduce full smart contract functionality.
Despite the upgrade excitement, Pi Coin’s price is still under pressure due to global market weakness. Rising US–Iran tensions, especially around the Strait of Hormuz, have triggered a broader risk-off sentiment.
The situation worsened after Iran refused to resume peace talks unless the US lifts its blockade, followed by the US seizure of an Iranian-flagged cargo ship. This has added more uncertainty to the markets.
This “risk-off” environment is limiting buying activity in smaller tokens like Pi, and even Bitcoin is struggling to break above $76K.
Historically, major network upgrades have acted as short-term price catalysts for the Pi token. At the time of the second migration event on March 28 triggered a 3.8% rally, and ahead of Pi Day, the token surged nearly 15%.
With the upgrade deadline now closed, similar pre-event buying activity could return. In fact, early signs are already visible.
A large outflow of over 1.7 million PI tokens from OKX suggests that some holders are moving their coins off exchanges, often seen as a sign that they are not planning to sell anytime soon.
Any bullish rally will test Pi day’s high price of $0.22, which will set the stage for further rally.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP is holding near $1.13 on the weekly chart, a level that has been acting…
Pi42 Co-founder and CEO Avinash Shekhar shared an exclusive assessment with Coinpedia on the state…
Bitcoin is holding above its 200-week moving average for another week, a level that has…
Agentic AI is hungry, and apparently, traditional infrastructure is starting to feel the strain. That…
TAO price exploded more than 21% during Friday's trading session after a sudden development in…
Internet Computer has spent the better part of the past two years trading inside a…
