Pi Network 2025 Major Update! Mainnet Upgrade + 160 Million Tokens Unlocked, Will the PI Price Rebound or Hit a New Low?

As Pi Network (PI) approaches September 2025, the community welcomes two key events - the v23.01 Mainnet upgrade and the unlocking of 159.5 million PI Tokens. These developments could not only change the technical landscape of Pi but will also directly impact its market price movement. For millions of early “pioneers,” the coming weeks may become a turning point in Pi’s history.

v23.01 Protocol Upgrade: Comprehensive Enhancements in Security, Scalability, and Transparency

The v23.01 protocol upgrade released at the end of August is one of the most ambitious technological advancements of Pi Network to date:

1. Built on Stellar-Core v23.0.1

2. New biometric login and enhanced two-factor authentication

3. Linux Node expansion provides developers with a smoother integration environment.

4. Open-source transparency: The code will be released in September, allowing developers and institutions to closely examine the operation mechanism of Pi.

The upgrade will be divided into three phases: Testnet 1 → Testnet 2 → Mainnet, with a full launch expected in early September. This is not only a technical enhancement but also paves the way for the expansion of the Pi ecosystem.

159.5 million Tokens unlocked: A double-edged sword of liquidity and selling pressure

Along with the upgrade, 159.5 million PI tokens will be unlocked (approximately accounting for a portion of the total supply of 5.38 billion), which is part of a phased issuance plan that will continue until 2028.

Unlock method: Daily release to avoid one-time market impact.

Potential impact: may increase selling pressure in the short term, but will help enhance liquidity and market maturity in the long term.

The Pi core team views this as a “key step towards an open Mainnet economy,” but market observers warn that if demand does not match the new supply, prices may come under pressure.

Price Status and Technical Analysis

As of early September, the price of Pi is around $0.35, close to its historical low, and it has maintained this support level throughout August.

Bullish Perspective:

1. v23.01 upgrade + Mainnet progress may reignite market confidence

2. If it breaks through the resistance zone of 0.42-0.45 USD, it is expected to impact 0.50 USD in the short term.

Bearish Risk:

1. Unlocking of tokens triggers selling pressure, breaking below the support of 0.33-0.34 USD, and may retest 0.30 USD or create a new low.

2. Currently, the price movement is showing a sideways consolidation, with market divergence on whether this is a “pre-rebound accumulation” or a “precursor to a new round of decline.”

Why is this crucial for pioneers?

For the millions of users who participated early in Pi mining:

Upgrade: The team is still actively engaged in technical development.

Unlocking: means that Pi is gradually moving towards a fully open market economy.

In the coming weeks: it’s not just about price movement, but it may also determine whether Pi can transition from the closed phase to real-world application.

Conclusion

In September 2025, Pi Network will simultaneously welcome significant milestones on both technical and economic levels. The v23.01 upgrade will enhance network security and scalability, while the unlocking of 160 million tokens will test the market’s absorption capacity. For pioneers, this is both a risk and an opportunity—the price movement in the coming weeks may become a critical watershed in Pi’s history.