The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the ongoing technical evolution of the ecosystem, Pi Network has successfully completed its Protocol 24 upgrade. According to reports, the core team described this migration as one of the most challenging technical hurdles to date. Despite the milestone, the asset's price experienced a 4% decline following the news, suggesting a 'sell the news' reaction among holders.
This technical update arrives as emerging crypto projects face increasing pressure to prove network stability before transitioning to an open mainnet. Compared to major peers, Pi remains in an 'enclosed mainnet' state, which restricts its liquidity relative to assets like Bitcoin that have shown relative stability recently per market data. Analysts note that successful migrations are critical prerequisites for the upcoming Protocol 25 launch.
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Sign InInvestors should look toward June 18, 2026, which is the scheduled date for the next major upgrade, Protocol 25. Additionally, broader market sentiment may be influenced by Fed Chair Powell's speech on May 31, 2026, as listed in the economic calendar. Following the 4% price drop, market participants are closely watching for further technical stability and updates regarding the open mainnet transition.