Pi Network Testnet Upgrade Falls Flat for PI Token
Pi Network's native token, PI, continues to trade below $0.10 as the project undergoes a significant Testnet upgrade to Protocol 27.
The upgrade aims to enhance the underlying infrastructure of the blockchain, focusing on scalability, security, and developer experience.
The price of PI has been under pressure for several weeks, with the token failing to sustain any meaningful upward momentum.
The recent testnet upgrade is a technical milestone, but it does not immediately change the supply-demand dynamics that dictate its current market price.