TLDR
- Pi Network price jumped 20% to $0.38 following network upgrade v23 announcement and new institutional access
- Valour launched regulated Pi Network ETP for European investors through traditional stock markets
- September token unlocks reduced 50% from August levels, creating favorable supply conditions
- Network upgrade introduces smart contracts and real-world asset support launching September 3
- Trading volume increased 30% to $65.2 million as Pi outperformed broader crypto market
Pi Network delivered strong gains this week, rising 20% to reach $0.38. The token hit three-week highs after breaking from months of downward pressure.
The rally came as trading volume surged 30% to $65.2 million. Pi Network bucked the broader crypto market trend, which saw a 3.6% decline across total market capitalization.
Several key developments drove the price action. Pi Network announced Linux node support, expanding compatibility across three major operating systems.
The team positioned this expansion as part of broader accessibility improvements. Automatic updates will become easier to manage with enhanced operating system support.
Network Upgrade Brings Smart Contracts
Pi Network revealed plans for protocol upgrade v23, scheduled for September 3. The update will introduce smart contracts without requiring intermediaries.
Version 23 aligns with current market trends by adding real-world asset support. The upgrade will cover stocks, real estate, and commodities integration.
The protocol update also includes AI integration features. These additions aim to position Pi Network for greater decentralization moving forward.
Institutional Access Expands
Valour Funds launched eight new cryptocurrency exchange-traded products. Pi Network secured inclusion in this institutional product lineup.
The Valour Pi Swedish Krona ETP provides regulated exposure for European investors. This creates new liquidity pathways through traditional financial markets.
Pi Network also gained listing on Swapfone, operated by BTCC. The platform offers PI/USDS trading pairs on a regulated U.S. exchange.
Associated airdrop promotions generated additional trading interest. These activities brought fresh participants to the Pi Network ecosystem.
Supply Pressure Decreases
September token unlock dynamics favor price stability. The network will release 161.73 million PI tokens this month.
This represents nearly 50% reduction from August unlock schedules. Lower supply pressure typically supports upward price movement when demand remains steady.
Technical indicators show improving momentum. The Relative Strength Index climbed toward 48.55, indicating strengthening buying interest.
Pi Network trades at an 87% discount from historic highs. The next major resistance level sits at $0.4120 for potential breakout attempts.
Pi Network Price Prediction
Current market conditions suggest continued upward potential for Pi Network. New exchange listings expand the buyer base while reduced token unlocks limit selling pressure.
The September 3 network upgrade provides another catalyst for sustained momentum. Smart contract functionality could attract developer interest and ecosystem growth.
Pi Network remains excluded from major exchanges like Binance due to compliance requirements. Analysts expect this situation to persist until 2026 at earliest.
Short-term price targets focus on the $0.4120 resistance level. Breaking above this threshold could signal further recovery toward $0.50 levels.
