Many cryptocurrencies have moved up in the last 12 hours, but some assets have done much better than others. Pi Network’s token, called PI, is among the winners. It has climbed with the broad market gains and is trading near a multi‑week high of almost $0.185. This is a price where PI has not traded for several weeks.
Even though there are big token unlocks coming in the next week or so, PI’s price today puts it among the top performing altcoins. An altcoin is any cryptocurrency other than Bitcoin. In other words, PI is doing well even when the rest of the market is volatile.
There may be more than one reason for PI’s latest move. The Pi Core Team has been giving updates about the project, and these updates could be helping investor sentiment. In particular, the team announced that the protocol migration to version v19.9 was completed successfully. This milestone came only a few weeks after the project moved from version v19.6 to the new stage.
Because of this progress, the team already talked about the next protocol version, which is planned to be v20.2. They hope to implement it before Pi Day on March 14, 2026. Pi Day is a yearly celebration of the mathematical constant pi, which is a number used in geometry and many formulas that describe how circles work. You can read more about Pi Day here: Pi Day.
The Pi Core Team also reminded those who run nodes on the network that they must use the current protocol version. A node is basically a computer that helps keep the Pi network running by sending and receiving messages. If a node operator uses an old version or relies only on mobile devices, they could be disconnected from the network. In other words, their computer would stop helping the network process transactions and maintain security until they upgrade.
Looking at the price itself, PI is up about 14% in the last 30 days. This is notable because many larger cryptocurrencies have fallen over the same period. People often compare PI with assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. Those major coins have generally moved lower in the past month. Some tokens such as BNB, XRP, and SOL have even fallen by double digits in the same period.
One potential risk for PI bulls is the number of PI tokens that are scheduled to unlock in the coming days and weeks. Unlocking means that tokens that were held back by the project or by early investors become freely tradable on the market. When tokens unlock, some investors may decide to sell. This selling can push the price down in the short term if there are enough sellers.
According to PiScan, a data source that tracks Pi’s token movements, the average number of PI tokens to be released each day in the near future is about 6.8 million. However, certain days will see much larger unlocks. For example, March 7 is expected to bring a record of almost 21 million PI unlocked in a single day. If many investors choose to sell those newly unlocked tokens, it could put pressure on the price in the days after the unlocks happen.
So far, PI’s latest price move comes even as unlocks loom on the horizon. Investors are watching to see whether the market absorbs the new supply without a sharp drop in price and whether demand stays strong enough to push PI higher again. It is common in crypto markets for prices to react to both technical updates (like software upgrades) and changes in supply (like token unlocks).
For more background, Pi Network is a cryptocurrency project that aims to create a widely usable digital currency with a focus on mobile use and ease of participation. The PI token is the unit of value on the Pi Network. Traders who follow the token’s price often look at data from price trackers such as CoinGecko to see where the price is and how it has moved lately. The price in this article is shown as approximately $0.185, which helps give readers a sense of scale when comparing it to higher‑priced coins or to the price many people hoped PI would reach after launch.
In summary, PI has earned its position as a top performer on the day in a market that has generally risen. The combination of a successful protocol update (v19.9), plans for v20.2 before Pi Day, and the upcoming token unlock schedule is shaping investor expectations. Whether PI can maintain or extend its gains will depend on how buyers and sellers respond to both the new software changes and the larger token unlocks in the days ahead.
As a reminder, this article and the data here reflect information available up to now. If you are thinking about buying or selling PI, you should consider your own risk tolerance and do your own research. Always be careful with investments in cryptocurrencies, especially when tokens can unlock and enter the market in large numbers.
Glossary of key terms
- Pi Day: Pi Day is an annual celebration of the mathematical constant π. It is observed on March 14 (3/14) because those numbers resemble the digits of π. It was founded in 1988 by Larry Shaw of the Exploratorium in San Francisco.
- Cryptocurrency: A cryptocurrency is a digital or virtual money that uses cryptography and a distributed ledger (often a blockchain) to secure transactions and control the creation of new units, typically without a central authority.
- Node (networking): In networking, a node is a redistribution point or communication endpoint within telecommunication or computer networks; it is a device that can create, receive, or transmit information over a network.
- Bitcoin: Bitcoin is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network without the need for intermediaries or a central authority.
- Ethereum: Ethereum is a decentralized open-source blockchain featuring smart contracts and a native cryptocurrency called Ether.
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