Pi Network's native token rose 4.71% on July 30, hitting $0.042. Bitcoin, by contrast, was down 0.74% over the same period. The move comes as the project gears up for a protocol upgrade — though the team hasn't said exactly when it will land.
Outperforming the market
The gain is small in absolute terms but stands out against a flat-to-negative market. Pi's price action suggests traders are betting the upgrade will bring something concrete. Bitcoin's dip didn't spill over, which isn't always the case for altcoins.
What's known about the upgrade
Pi Network's developers have been working on improvements to the network's consensus mechanism and utility features. The upgrade is expected to enhance scalability and potentially unlock new applications. But details are thin — no specific date, no changelog. The price bump reflects anticipation more than confirmed news.
Pi Network has been in an enclosed mainnet phase for years. Users mine tokens on mobile but can't transfer them externally. The upgrade could be a step toward open mainnet, which would allow trading on exchanges and wider use. That's a big if. The project has a massive user base but has faced criticism over its slow rollout and lack of transparency.
The next concrete milestone is the upgrade itself. The team says it's coming soon. No date yet.
