Pi Network (PI) Climbs 4% After the Community Shares a Major Milestone

Pi Network’s native token, which has been on a major downfall over the past several months, is among the top-performing cryptocurrencies today (August 12).

Its resurgence comes amid rumors that the controversial project has completed yet another ecosystem update.

PI Rises

The token’s price jumped by 4% over the past 24 hours to reach almost $0.09. This means that PI has outperformed nearly all top 100 digital assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and many more. Its market capitalization stands just below $1 billion, making it the 65th-largest cryptocurrency.

It remains unclear what exactly fueled the resurgence. One might speculate that the momentum is tied to rumors suggesting that protocol version 26 has already been deployed.

Not long ago, Pi Network urged all mainnet node operators to complete the upgrade by August 11 to remain connected to the network. While the Core Team has not yet issued an official announcement on the matter, certain X users claimed the upgrade is already in effect.

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