Latest Pi (PI) News Update

Deep Dive

1. Pi DEX Launches on Testnet (9 February 2026)

Overview: Pi Network has launched its decentralized exchange (DEX) and automated market maker (AMM) on the public Testnet. This allows "Pioneers" to test trading, provide liquidity, and create custom tokens using Test-Pi, which holds no monetary value. The release, detailed at TOKEN2049 in late 2025, is a foundational step for future Mainnet DeFi activity. What this means: This is a neutral-to-bullish development for Pi's long-term utility, as it demonstrates ongoing technical build-out and provides a sandbox for ecosystem growth. However, it does not directly address immediate price pressures or token liquidity on live markets. (BSC News)

2. Project Faces "Pyramid Scheme" Accusations (9 February 2026)

Overview: The PI token price has collapsed roughly 95% from its peak to ~$0.14. Analysts and community members are increasingly labeling the project a scam, citing years without a fully open mainnet and a lack of real-world utility. Criticism intensified with warnings of a massive, near-term token unlock—82 million PI (worth ~$11.6M) this week, with a record 23.6 million unlocking on February 13. What this means: This is bearish for PI in the short term, as the combination of negative sentiment and a large, predictable increase in circulating supply creates strong downward price pressure. Technical indicators like an RSI near 35 suggest the token is approaching oversold territory, but fundamental concerns dominate. (CryptoPotato)

3. Community Criticizes Core Team's Priorities (8 February 2026)

Overview: The Pi Core Team's post celebrating "Moderator Appreciation Day" on February 8 was met with significant user backlash. Commenters expressed frustration over the slow pace of KYC verification and mainnet migration, with some citing waits of over seven years, urging the team to focus on core technical issues instead. What this means: This is bearish for community sentiment and trust, highlighting a growing rift between the project's development narrative and the user experience. It underscores the execution risks that continue to weigh on the project's credibility and adoption timeline. (CoinMarketCap)

Conclusion

Pi Network's path is defined by a clash between steady technical development and severe market headwinds fueled by dilution and eroding confidence. Will the build-up of utility through initiatives like the DEX eventually outweigh the relentless supply inflation?

Deep Dive

1. @kwalaintel: Massive Daily Unlocks Create Structural Pressure neutral

"Pi Network ($PI) is a project with a massive user base, but our dashboard reveals a major structural headwind. The price faces intense, predictable pressure from over 4.6 million tokens unlocking daily." – @kwalaintel (40.3K followers · 2026-02-06 01:24 UTC) View original post What this means: This is neutral for PI because it identifies a clear, ongoing supply-side challenge that caps upside potential, but acknowledges the project's large community as a foundational strength if utility can eventually catch up.

2. @pinetworkmembers: Hype Collides with Brutal Price Discovery bearish

"😡 $PI is a textbook example of hype meeting reality... Years of 'mining,' vague promises, delayed transparency... Once real liquidity hit, demand vanished." – @pinetworkmembers (136.9K followers · 2026-02-01 08:42 UTC) View original post What this means: This is bearish for PI because it reflects deep-seated community disillusionment, arguing that the project's core narrative has failed to generate sustainable demand, leading to persistent sell pressure.

3. @MarketCoinpedia: Technical Rebound Attempts Gain Traction bullish

"#PiNetwork ( $PI ) rebounded 7%, breaking bearish downtrend... A sustained move above $0.20... could open a push toward $0.2130... RSI has rebounded sharply from oversold ~25 to ~63." – @MarketCoinpedia (17.2K followers · 2025-12-19 12:57 UTC) View original post What this means: This is bullish for PI in the short term because it highlights improving momentum and a key level to watch ($0.20), suggesting trader interest is returning for a potential relief rally.

Conclusion

The consensus on PI is mixed, caught between a massive, hopeful community and the harsh economics of daily token inflation. While technical traders eye a bounce, the overwhelming narrative warns that without accelerated utility growth to absorb supply, rallies may be fleeting. Watch the daily token unlock rate for any slowdown that could signal a shift in supply dynamics.

Deep Dive

1. Mainnet Migration Technical Update (30 January 2026)

Overview: This backend update allows nearly 2.5 million Pioneers in specific regions to complete their Mainnet migration, provided they have finished their checklist and remain active miners. It tackles unique technical barriers that previously blocked these user groups. The update is deployed in batches, as different regions face distinct infrastructure challenges. This brings the total number of identity-verified, migrated users to 16 million, a key metric for a utility-driven ecosystem. What this means: This is bullish for Pi because it directly increases the number of verified users who can actively use Pi in apps and commerce, which is essential for creating real-world demand. A larger, active user base strengthens the network's foundation for future growth. (Pi Network)

2. Developer Payment Library Release (10 January 2026)

Overview: The Core Team released a new all-in-one developer library designed to let app builders integrate Pi payments in under ten minutes. It merges the Pi SDK and backend APIs, initially supporting popular stacks like JavaScript, React, Next.js, and Ruby on Rails. This tool aims to drastically reduce development time, allowing creators to focus on building practical applications rather than complex integration. What this means: This is bullish for Pi because it makes the ecosystem much more attractive to developers. Easier integration leads to more apps being built, which in turn creates more ways for everyday users to spend and use Pi, driving its real-world utility. (CoinMarketCap)

3. Pi Node Upgrade to Version 0.5.4 (6 November 2025)

Overview: Now called Pi Desktop, this update fixed critical issues from version 0.5.3 related to automatic updates and block container creation, which were hurting Node uptime and reward reliability. It introduced a refined open-port verification system for accurate bonus calculations and unified access to the Node, mining app, and Pi App Studio in one interface for a smoother user experience. What this means: This is neutral to bullish for Pi. It strengthens network security and decentralization by making Nodes more reliable, which is crucial for long-term health. For users, it means more consistent mining rewards and a better overall experience running the software. (Pi Network)

Conclusion

The recent trajectory of Pi's codebase shows a clear shift from foundational development to enabling mass adoption and utility. By unblocking users for Mainnet and arming developers with better tools, the project is laying the groundwork for its token to be used, not just held. Will an expanding library of practical apps be enough to counterbalance persistent market and unlock pressures?

Deep Dive

1. DEX Launch (20–22 November 2025)

Overview: Pi Network plans to launch its native decentralized exchange (DEX) between November 20–22, 2025 (CoinMarketCap). This will introduce automated market maker (AMM) liquidity pools, allowing Pioneers to trade Pi and other assets peer-to-peer without intermediaries. The launch coincides with significant token releases, which could increase market volatility.

What this means: This is bullish for PI because it creates a foundational utility for the token within its own ecosystem, potentially increasing demand for trading and liquidity provision. However, it is bearish if the concurrent token unlocks lead to substantial selling pressure that outweighs new demand.

2. Protocol v23 Mainnet Upgrade (Q1 2026)

Overview: The network is testing the Protocol v23 upgrade, which implements Stellar Core v23.0.1, on its Testnet (Coinspeaker). The final mainnet rollout is anticipated in Q4 2025 or early Q1 2026. This upgrade aims to improve transaction efficiency, scalability, and smart contract capabilities, which are critical for supporting a growing dApp ecosystem.

What this means: This is bullish for PI because successful technical upgrades strengthen network fundamentals and enable more complex utilities, which could attract developers and users. The risk is that any delays or technical issues could dampen community confidence and prolong the enclosed network period.

3. Kraken Chain Integration Review (2026)

Overview: Kraken's public listings roadmap references Pi Network under its "Chains" section for 2026 (CoinMarketCap). This signals the exchange may review Pi's blockchain for node connectivity and custody readiness—a prerequisite infrastructure step. It does not guarantee a spot listing, which requires separate operational and legal approvals.

What this means: This is neutral for PI because roadmap visibility indicates growing institutional consideration, which is a positive signal. However, it is not a direct catalyst, and final listing decisions depend on factors like liquidity and regulatory compliance that remain uncertain.

4. Palm Print Authentication (Ongoing)

Overview: Pi Network has begun beta testing palm print authentication for user security (MEXC News). This biometric system is considered more secure than fingerprints and aligns with the project's focus on real human participation and compliance. The feature is part of ongoing efforts to enhance wallet security and user verification.

What this means: This is bullish for PI because advanced, user-friendly security can improve trust and pave the way for broader adoption, especially in regulated environments. It demonstrates the project's commitment to building robust, long-term infrastructure.

Conclusion

Pi Network's immediate path focuses on launching core financial infrastructure (DEX) and completing a major technical upgrade, setting the stage for greater utility in 2026. While exchange integration reviews are promising, the network's value will ultimately be driven by internal ecosystem growth and adoption. Will developer activity and real-world use cases accelerate faster than the market's focus on exchange listings?