EL7.AI
CryptoMediumUpdated×3•Originally published 14 April 2026•Updated 14 April 2026•
1 min read

Pi Network Token Slumps to Local Lows as Ecosystem Updates Fail to Spark Recovery

Key Facts

1The PI token price has dropped to local lows, returning to levels seen before the conflict involving Iran.
2New project updates failed to boost investor sentiment or prevent the price decline.

The Pi Network token (PI) continues its downward trajectory, currently trading at $0.1650 and remaining 45% below its March highs. Amidst this slump, the network is preparing for the Protocol 23 upgrade, which is set to introduce smart contract functionality to the ecosystem. This pivotal update aims to facilitate the development of decentralized finance (DeFi) and gaming applications, potentially increasing the network's institutional appeal. Despite these fundamental advancements, Pi remains decoupled from the broader crypto market rally seen in major assets. Analysts are closely watching whether the introduction of smart contracts can spark fundamental demand and offset persistent selling pressure. Investors remain cautious, waiting to see if this technical alignment can restore long-term confidence in the project's roadmap.