Pi Network price crashes after major upgrade: Here’s why
The Pi Network price has stalled at a record low, even as the developers announced a major upgrade to the App Studio with the hope for more ecosystem growth.
- Pi Network price has remained under pressure and is at its all-time low.
- The developers launched a major upgrade to its App Studio.
- A forming falling wedge pattern could lead to a short squeeze.
Pi Network (PI) token was trading at $0.2040 on Sunday, down by over 90% from its all-time high. This plunge has made it one of the top laggards in the crypto industry.
Pi Network launches App Studio upgrade
The main Pi Network news was that the developers launched a major upgrade to its App Studio on Friday. This upgrade aims to make application creation more accessible, customizable, and integrated within the Pi ecosystem.
For example, the studio is now accessible from the Pi Desktop application alongside other top features like the mining application and the node.
On top of this, the upgrade brought new features, including AI-assisted customization. This feature makes it easier for developers to build and launch applications.
Additionally, the upgrade enhanced the discovery feature and introduced staking integration in the platform. The goal is to ensure that it has a robust ecosystem, which will give it more utility.
The new upgrade came a few weeks after the developers launched the testnet for its decentralized exchanges and automated market maker. This feature will make it possible for developers to create DEX applications like Uniswap and PancakeSwap.
The Pi Network price has ignored these developments, likely because its core issues remain. For example, Pi token unlocks are adding millions of coins in circulation each day. Data shows that the network will unlock over 1.2 billion tokens in the next 12 months.
Also, Pi Network is still highly illiquid, with its daily volume remaining below $50 million. This is partly because most crypto exchanges have not listed it yet. Also, Pi is highly centralized, with the foundation holding over 90 billion tokens.
Pi Coin price technical analysis
The daily chart shows that the Pi Network price has been in a free fall since its mainnet launch in February. It has remained below all moving averages, while its volume has dwindled.
These technicals suggest that the Pi Coin price will continue falling in the coming weeks. However, on the positive side, the token has formed a falling wedge pattern, which may trigger a short-squeeze soon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
$8.8 billion outflow countdown: MSTR is becoming the abandoned child of global index funds
The final result will be revealed on January 15, 2026, and the market has already started to vote with its feet.
Deconstructing DAT: Beyond mNAV, How to Identify "Real vs. Fake HODLing"?
There is only one iron rule for investing in DAT: ignore premium bubbles and only invest in those with a genuine flywheel of continuously increasing "crypto per share."
Empowered by AI Avatars, How Does TwinX Create Immersive Interaction and a Value Closed Loop?
1. **Challenges in the Creator Economy**: Web2 content platforms suffer from issues such as opaque algorithms, non-transparent distribution, unclear commission rates, and high costs for fan migration, making it difficult for creators to control their own data and earnings. 2. **Integration of AI and Web3**: The development of AI technology, especially AI Avatar technology, combined with Web3's exploration of the creator economy, offers new solutions aimed at breaking the control of centralized platforms and reconstructing content production and value distribution. 3. **Positioning of the TwinX Platform**: TwinX is an AI-driven Web3 short video social platform that aims to reconstruct content, interaction, and value distribution through AI avatars, immersive interactions, and a decentralized value system, enabling creators to own their data and income. 4. **Core Features of TwinX**: These include AI avatar technology, which allows creators to generate a learnable, configurable, and sustainably operable "second persona", as well as a closed-loop commercialization pathway that integrates content creation, interaction, and monetization. 5. **Web3 Characteristics**: TwinX embodies the assetization and co-governance features of Web3. It utilizes blockchain to confirm and record interactive behaviors, turning user activities into traceable assets, and enables participants to engage in platform governance through tokens, thus integrating the creator economy with community governance.
Aster CEO explains in detail the vision of Aster privacy L1 chain, reshaping the decentralized trading experience
Aster is set to launch a privacy-focused Layer 1 (L1) public chain, along with detailed plans for token empowerment, global market expansion, and liquidity strategies.
Trending news
MoreCrypto prices
More
