Jakarta, Pintu News – Pi Network is back in the spotlight after some major updates were released post Open Mainnet.
Here are 5 important updates from Pi Network that determined its price movement:
With PI prices in the range of US$0.22-0.23 and a market capitalization of around US$1.8 billion, various technical upgrades and on-chain movements show dynamics that can affect price direction in the short and medium term. A number of data from node activity, whales, to ecosystem integration show that Pi Network is in a crucial phase to determine whether PI can break out of the correction trend or enter a longer consolidation phase.
From the launch of the Open Mainnet, to internal DEX testing, to increased whale accumulation activity, these five important updates provide a comprehensive overview of PI’s potential future price direction!
The launch of the Open Mainnet phase is one of the most significant developments for Pi Network. In this phase, validators, developers, and users will be able to interact directly with the PI blockchain ecosystem without KYC or firewall restrictions like the previous enclosed mainnet phase.
This open access opens up opportunities for the growth of PI token utilities, including peer-to-peer transactions, smart contract deployment, and third-party application integration. This potential is considered a major catalyst that can drive increased transaction volume and asset usage within the ecosystem.
In addition, testing the DEX feature with the AMM mechanism within Pi Wallet expands the utility scope of the PI token. With the presence of an internal DEX, users can perform direct swaps without relying on outside exchanges.
This infrastructure is an important step towards creating a self-sustaining on-chain economy. If successfully launched in full, DEX integration could attract more liquidity and increase PI utilization rates in the long run.
The release of Node version 0.5.4, now named “Pi Desktop”, targets improving the user experience of running nodes. This update includes improvements to open port verification, more stable blockchain data synchronization, and increased rewards for qualified node operators.
This move is geared towards strengthening network security and expanding the decentralized base. With the easier installation and validation process, Pi Network expects the number of active nodes to increase significantly.
However, data shows that there are currently only about 296 active nodes and 3 validators, which is still a very small number for a network that claims to have tens of millions of registered users.
The lack of validators and active nodes suggests that the readiness of the mainnet infrastructure is still at an early stage. This indicates that while technical advancements have been released, the challenges of community adoption and participation are still great and may affect investors’ perception of the stability of the PI ecosystem.
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In the last 24 hours, approximately 2.30 million PI tokens have left the centralized exchange (CEX), indicating a decrease in the supply available for sale on the market. This kind of supply reduction is often seen as a bullish signal as it indicates that users or whales are choosing to keep the tokens in private wallets-an indication that they have no intention of selling anytime soon. The outflow of tokens from CEX is usually one of the indicators of medium-term accumulation.
In addition, whale activity saw a large purchase of 2.77 million PI, reflecting institutional or large-capitalized individuals’ interest in accumulating the token at current price levels. Accumulative behavior like this is often the foundation for potential price reversals, especially when retail is under selling pressure. If this pattern continues, the selling pressure may ease and the opportunity for a price rebound may become more likely.
In the past week, the price of PI fell by around -10% despite a number of significant technical updates. This price decline was due to weak overall market sentiment, including reduced retail activity and growing concerns regarding Open Mainnet readiness. Weekly trading volume data also showed a decline in active trader participation, which suppressed the strength of demand in the spot market.
On the other hand, on-chain indicators show that while retail is weakening, whales have started to show a pattern of stabilization through gradual accumulation. This pattern indicates a shift in market power from retail to large capital owners. If market sentiment improves, the combination of whale accumulation and strengthening fundamentals could open up opportunities for PI price recovery in the next few weeks.
Also read: 10 Crypto DEXs That Could Potentially Rise by 2026
Recent technical analysis shows that PI is currently in a consolidation phase with a symmetrical triangle pattern, which is a common pattern before a breakout. If the price manages to break the major resistance, some analysts predict a potential upside of up to +36%, taking PI towards the US$0.30 level. This potential is reinforced by the ecosystem update pipeline that is being prepared.
However, this target is highly dependent on the realization of the Open Mainnet launch and the stability of the node and DEX ecosystems. If integration goes smoothly and community participation increases, the chances of achieving the target are quite realistic. However, if adoption is slow or technical issues occur, the PI price risks returning to the previous support zone.
Pi Network’s five major updates show that the project is at an important phase in strengthening its technical and economic foundations. The launch of the Open Mainnet, DEX development, node updates, and token movement patterns by whales all have a direct impact on price direction in the near future.
While the prospect of an upside to US$0.30 is open, risks remain significant given the limited number of nodes and retail sentiment pressure. For investors, it is important to monitor technical developments and on-chain activity as key indicators of PI price direction in the coming months.
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