Pi Network’s PI token has not matched the bullish momentum of the wider cryptocurrency market, even as Bitcoin and Ethereum posted recoveries. According to the latest update, PI jumped 11% from about $0.086 to nearly $0.096, its highest level in two weeks, but stalled near that level and slipped back toward the $0.09 support. The token’s market capitalization has again reached $1 billion, although PI remains around 97% below its all-time high of $2.99 recorded in February 2025.
Technical signals indicate consolidation rather than a clear breakout. The relative strength index has been near neutral, volume has declined from earlier peaks, and buyers and sellers appear evenly matched. This muted behavior reflects lingering supply pressure from token unlocks, limited major exchange listings, and a large retail holder base that may sell into rallies.
A widely circulated rumor that PayPal might add PI to its Crypto Payment Ecosystem was quickly walked back. Initially, unofficial channels claimed PayPal’s developer ecosystem listed PI among supported assets, but the same source later clarified that PayPal is not currently listed as a KYB-verified business on Pi Network, unlike verified platforms such as OKX and MEXC.
On the development side, Pi Network confirmed an app pricing change effective August 24. The current fee of 0.25 PI to create an application and another 0.25 PI to edit one will be replaced by a model reflecting standard prices and AI costs, with subsidies reserved for creators whose apps demonstrate real utility and usage. The Core Team also introduced Pi Node version 0.6.2, bringing improvements to SoloHost, node connectivity, and the Pi Desktop user experience. Five volunteer node operators participated in an initial distributed computing test, and all received jobs, completed the required computations, and returned results to a Pi coordinator, validating the end-to-end flow of tasks across real devices.
