Pi Network’s Major Protocol Upgrade: Can v23 Rescue PI from All-Time Lows?

Investor sentiment around Pi Network is showing tentative signs of improvement as the project prepares for a major protocol upgrade. The transition from v19 to v23 promises enhanced security and functionality, with the integration of KYC authority into the protocol standing out as a key development. This MOVE could streamline compliance and foster greater trust in the ecosystem.

Market data reveals a divergence between sentiment and capital flows. While weighted sentiment metrics have ticked upward, the Chaikin Money FLOW indicator continues to reflect weak inflows. This disconnect suggests that despite growing optimism, concrete investor commitment remains elusive. The upgrade's success in driving demand for Pi Coin will likely determine whether the token can break free from its current price pressures.