Major Technical Upgrade and Price Dilemma of Pi Coin: Mainnet v23 Protocol Upgrade Initiated, Can the Launch of Linux Nodes Drive Ecological Reversal?

Pi Network (PI) officially released the Pi Node Linux system and launched the v23 protocol upgrade test, marking a significant technological iteration in its mainnet infrastructure. However, the price of Pi coin continues to be under pressure, currently reported at $0.34, approaching the all-time low (ATL) of $0.3312, down over 88% from this year’s high of $2.99 on February 2. This article provides an in-depth analysis of the technical value of Linux nodes, the innovative KYC mechanism at the protocol layer, and the logic behind the bull vs bear battle as prices hit the bottom.

[Technical Upgrade: Linux Node and v23 Protocol are Advancing Simultaneously]

Pi Network has launched a three-phase protocol upgrade plan this week:

1. Testnet1 testing network first deployed v23 protocol (modified version based on Stellar Protocol v23)

2. Testnet2 is conducting stability verification.

3. The Mainnet has undergone a comprehensive upgrade and introduced a protocol layer KYC authorization mechanism.

The simultaneously launched Pi Node Linux system addresses key infrastructure issues:

• Provide standardized Linux environment node software for exchanges and service providers.

• Supports automatic protocol update functionality to reduce node configuration discrepancies.

• Lower the threshold for technical developers to participate in ecosystem construction.

According to official data, 14.82 million users have completed KYC certification and migrated to the Mainnet, providing a necessary foundation for protocol layer identity verification.

[Price Analysis: Bull vs Bear Signals Hovering at Historical Lows]

Despite the continuous positive news on the technical front, the price of PI coin remains weak:

-Current price is $0.34, with a premium of only 2.08% compared to the historical low (0.3312).

• a fall of 88.6% from the historical high of $2.99 in February 2025

• The correlation with Bitcoin has intensified, increasing volatility risk.

Technical indicators show conflicting signals:

-Bullish aspect: The momentum indicator shows a bottom divergence. If it can break through the resistance level of $0.36, it may trigger a 40% rebound.

-Bearish outlook: If Bitcoin continues to weaken, the PI may fall below the ATL and set a new low.

[Ecological Construction and Institutional Path]

The core value of this upgrade lies in:

1. Protocol layer KYC mechanism: Delegate verification authority to trusted organizations to enhance compliance.

2. Node Standardization: Providing a technical foundation for exchange integration.

3. Cross-cycle layout: Although short-term prices are under pressure, the improvement of infrastructure lays the groundwork for institutional capital entry.

It is worth noting that Pi Network’s strategy of deeply advancing technological construction during the bear market contrasts sharply with most Meme coins. This “infrastructure-first” approach may yield excess returns when the market warms up in the future.

[Conclusion]

The Pi Network is facing a serious divergence between technological progress and market performance. For investors, the current price level presents high risk and high return characteristics; it is recommended to adopt a “small position trial + clear stop-loss” strategy to focus on observing the effectiveness of the historical support at $0.33. For developers, the v23 protocol upgrade and Linux node release represent a window for laying out ecological applications, particularly paying attention to opportunities such as “protocol layer KYC application scenarios” and “Linux node mining rewards.” It is advised to continuously track the progress of the testnet through keywords like “Pi coin mainnet upgrade schedule” and “Stellar protocol improved version features.”

(Risk Warning: This article does not constitute investment advice, the Mainnet upgrade has technical uncertainties, and please make cautious decisions as cryptocurrency is highly volatile.)