Massive Pi Network Wallet Update Could Shake PI Coin Market
Pi Network News: Wallet Upgrades, Liquidity Pools, and PI Coin Price Under Pressure
The Pi Network has attracted renewed attention this week as the project rolled out key wallet upgrades, enhanced private key controls, and preliminary tools for future liquidity pools. These developments come amid a challenging market environment for the PI coin, as broader cryptocurrency declines weigh on its price. With over 47 million registered users, every protocol update draws significant interest, and the community is eager to understand how these changes may influence long-term adoption and the network’s trajectory.
Full Private Key Control: A Major Step Toward Decentralization
Perhaps the most significant update concerns wallet security. The Pi Network now allows users to exercise full control over their private keys, marking a major step toward true asset ownership. This change reduces reliance on central services and mitigates custodial risks, giving users direct access to their PI holdings.
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According to the Pi Core Team, this upgrade not only improves security but also enhances wallet stability. Minor bugs and inconsistencies have been addressed, providing smoother navigation and more reliable interactions for both newcomers and veteran users.
“This is a critical milestone for our open mainnet ambitions,” the team said in a statement. “By giving users full control of their private keys, we are reinforcing the principles of decentralization while preparing the network for future DeFi applications.”
Liquidity Pools Lay the Foundation for Decentralized Finance
Alongside wallet improvements, the Pi Network team has been preparing for the launch of liquidity pools. These pools are designed to support future token swaps, trading, and other decentralized finance (DeFi) functionalities once the mainnet becomes fully operational.
Developers participating in the network’s testnet now have access to detailed guides for minting and listing tokens. Currently, more than 47 beta decentralized applications (dApps) are operating on the Pi testnet, reflecting the project’s growing ecosystem and community engagement. While optimism remains high, the team is also working to clarify its tokenomics strategy to prevent misunderstandings among users and investors.
Testnet Version 23 Upgrade Shows Smooth Progress
The recent Protocol Version 23 upgrade has been executed with a remarkably low failure rate, even under heavy activity, signaling strong engineering and testing processes. The next steps involve upgrading Testnet2, followed by a full mainnet launch.
This progression represents a key moment for Pi Network, moving closer to running smart contracts independently on its blockchain. By enhancing network stability and preparing for decentralized applications, the project is building the infrastructure for a more resilient and versatile ecosystem.
PI Coin Price Faces Selling Pressure
Despite technical and ecosystem improvements, PI coin has faced market challenges. Over the past 24 hours, PI is trading at $0.216, down 4.29%, reflecting wider cryptocurrency market weakness, which has seen declines exceeding 6% across multiple assets.
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Several factors are contributing to downward pressure on the coin:
Token Unlocks Increase Supply
Pi Network is set to release 145.7 million coins this month, with an additional 173 million scheduled for next month. These unlock events increase available supply, prompting some early users to sell their tokens. Historically, these unlocks have led to temporary price dips, although the coin has maintained a range between $0.18 and $0.22 since October, suggesting ongoing buyer support.
Technical Indicators Point to Weakness
PI’s technical chart currently indicates soft momentum. The coin is trading below key moving averages, while the Relative Strength Index (RSI) sits near 44, showing neutral-to-weak sentiment. The Moving Average Convergence Divergence (MACD) also suggests declining momentum. Analysts highlight that PI must surpass $0.22–$0.23 to maintain a bullish stance; otherwise, the next significant support level is $0.193.
Anticipation Surrounding Decentralized Exchange Launch
Adding to both excitement and caution is the upcoming launch of Pi Network’s decentralized exchange (DEX) between November 20 and 22. Community members are optimistic about the opportunities the DEX will create for token trading and liquidity. However, past events have demonstrated that such launches can also trigger volatility, particularly when liquidity remains relatively low and early traders opt to sell.
Short-Term PI Coin Price Outlook
In the short term, analysts suggest that PI is likely to stabilize between $0.20 and $0.23, provided buyers defend the $0.20 support level. A successful hold could see a bounce toward $0.235–$0.245, while a breakdown below $0.20 may expose the coin to further declines toward $0.193. Market watchers are closely monitoring these levels, as they may determine the trajectory ahead of the DEX launch.
Pi Network’s Ecosystem Growth and Long-Term Potential
While the PI coin price remains under pressure, the broader ecosystem continues to expand. With nearly 50 million users, increasing numbers of dApps, and testnet upgrades supporting complex functionalities, Pi Network is steadily progressing toward becoming a fully decentralized blockchain. The implementation of private key control and liquidity pools indicates that the project is prioritizing security, user empowerment, and readiness for DeFi operations.
Analysts note that the success of these initiatives may ultimately help stabilize PI’s value. As more users gain confidence in controlling their assets and participating in the network’s DeFi activities, demand for PI tokens could increase, especially as the DEX goes live and liquidity expands.
Conclusion
Pi Network’s recent developments—wallet upgrades, private key control, and liquidity pool preparations—highlight the project’s ongoing commitment to decentralization and ecosystem growth. While PI coin faces short-term market pressures, including token unlocks and broader crypto declines, these upgrades position the network for long-term adoption.
Investors and community members will be watching closely as the mainnet launch approaches, evaluating both technical performance and user engagement. If the network continues to strengthen its infrastructure and deliver clear guidance on tokenomics, the PI coin could recover and reach new highs in the coming months.
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