
Jakarta, Pintu News – Pi Network has recently updated their blockchain protocol to the latest version which is currently being run on a test network (testnet). This update process is expected to progress gradually from version 20 to 23 in the next few phases.
Then, how is Pi Network’s current price movement?
On September 16, 2025, the price of Pi Network was recorded at $0.3588, an increase of 1.5% in 24 hours. If converted to the current rupiah ($1 = IDR 16,378), then 1 Pi Network is IDR 5,876.
In the last 24 hours, the PI price moved in a range of $0.3436 to $0.363, showing relatively stable volatility but with a positive upward trend towards the close of the day.
Read also: Testnet1 Upgrade Begins, Pi Network Prepares to Enter the Mainnet Era
In terms of market capitalization, Pi Network has a market cap of $2.9 billion, while its fully diluted valuation -that is, the total value if all tokens are outstanding-is $4.46 billion. Trading activity is also quite active with a daily transaction volume of $56.6 million, reflecting the high market interest and liquidity in this asset.
According to Dr. Altcoin, a Pi Network supporter on the X platform, Pi Network’s blockchain protocol upgrade started around mid-September, and many other users witnessed the protocol version change as well. As of this September, the blockchain has been upgraded from version 19 to version 20.
“This process is expected to be a gradual upgrade until it reaches version 23,” Dr. Altcoin said in a post tagging Pi’s official account as well as its founders.
Pi Network has upgraded its blockchain protocol from version 19 to 20, currently on Testnet. This process is expected to be a gradual upgrade leading up to version 23. @PiCoreTeam @nkokkalis @Chengdiao pic.twitter.com/EY0kuEjyyh
Although the upgrade from version 19 to 20 was not officially announced by the Pi core team on social media, many traders took notice. In fact, the upgrade pushed the price of the Pi coin up by 10% on the day of the update.
In a short video uploaded earlier on September 5 on the official YouTube channel, the protocol informed the community that it is preparing for an upgrade from version 19 to version 23. The upgrade will be gradual and will likely require a temporary system shutdown, which will be announced in advance.
According to the video, this new version is designed as a Pi-specific protocol that builds on the existing foundation, by pulling updates from Stellar Protocol version 23. These updates will allow for new layers of functionality and control for Pi blockchain users.
In addition, this protocol upgrade will also bring new features, including the integration of Know-Your-Customer authorities directly into the protocol. This will keep Pi as a KYC-verified blockchain, while offering a more distributed and community-driven KYC process at the protocol level.
The protocol calls the new process “decentralization of KYC authority.”
“While Pi’s built-in KYC solution continues to verify Pioneers, the protocol will allow KYC authority to be granted to other trusted entities in the future,” Pi Network wrote in its video.
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So far, the protocol has attracted great attention from the crypto community thanks to its peer-to-peer system. Pi Network claims to have amassed more than 14.28 million KYC-verified users who have successfully migrated to its platform.
According to a Crypto News report (15/9), the Pi Network token price recently experienced a significant breakout after coming out of a consolidation phase. For several days, PI traded in a narrow range sideways around the $0.345 level with low volatility.
But on September 12, when the update to version 20 was realized, the market momentum changed drastically. There was a sharp rally that pushed the price up by almost 10%, from around $0.345 to a peak near $0.380. Unfortunately, the bullish momentum did not last long. After touching $0.380, selling pressure increased and brought the price back down to around $0.347.
This decline suggests that the market does not yet have strong enough follow-through buying pressure to sustain the gains. Many traders most likely took profits after the price spike triggered by the protocol update.
The RSI (Relative Strength Index) indicator also confirmed this change, dropping from overbought conditions (above 70) to bearish territory (below 40), indicating weakening momentum.
As of September 15, PI was trading slightly above the previous support level, which was around $0.348. If this level is unable to be maintained, the price of Pi Coin has the potential to drop back to the $0.340 – $0.335 zone, where buyers had previously shown resistance.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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