Pi Network has successfully completed the Protocol v24 upgrade on Testnet 2, marking a significant step in its 2026 roadmap and paving the way for the scheduled Mainnet activation on June 2. The upgrade focuses on scalability, privacy, and cross-chain connectivity, laying the foundation for future smart contracts, decentralized applications, and integration with external blockchains. All node operators are required to migrate to version 24.1 by the same date, with downtime expected to be under 15 minutes. The roadmap outlines subsequent versions: V25 for real-world applications and V26 for full openness and commercial use.
In a separate development, Pi miners received a rare increase in the June base mining rate, rising to 0.0022191 PI per hour from 0.0021320 PI—a 4.09% jump that reverses the recent downward trend. Active miners can amplify rewards through node, utility, referral, and lockup bonuses.
However, market sentiment is tempered by a massive token unlock. Approximately 169.80 million PI tokens are set to enter circulation in June, creating significant selling pressure. PI is trading at $0.1427, having breached the Keltner Channel lower band at $0.1413. The only visible support lies at the green demand zone of $0.1297, with all daily exponential moving averages acting as overhead resistance. The token unlock comes as the project continues to expand its ecosystem, evidenced by the recent success of CiDi Games, which attracted over 81,000 users across 160 countries in its first week.
