Crypto

Pi Token Plunges 14% After Protocol v27 Upgrade

Guavy AI Editorial Team Published September 16, 2026

Pi Network's native token PI has plummeted nearly 14% to around $0.0808 after the launch of its highly anticipated Protocol v27 upgrade.

The sharp sell-off came as a result of heavy selling in the broader crypto market following the CLARITY Act's failure to advance in the U.S. Senate and a 'sell-the-news' reaction from traders who bought PI ahead of the upgrade.

The price fall has added to concerns around PI, which is now about 97.2% below its all-time high price.

The Protocol v27 upgrade aimed to bring more flexible smart contract authentication and add infrastructure for automated market maker (AMM) liquidity pools and Pi's planned decentralized exchange.

The Wire

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