The token outperformed a broader crypto market that fell nearly 3% as Pi Network refreshed its mining app and prepared Protocol v25 with privacy-preserving smart contracts.
PI rose by more than 3.5% over the past 24 hours even as the broader crypto market fell nearly 3%, offering a brief rebound after the token hit an all-time low near $0.071 on July 14. PI traded around $0.078, up roughly 11% from that low, but remained down more than 22% over the past week, about 42% over 30 days and roughly 97% below its February 2025 peak near $2.99. The move came as Pi Network began a design refresh of its mining app, including changes to the side menu and profile page aimed at helping users access account details and ecosystem tools more quickly. Markets are also watching Protocol v25, scheduled for July 22, which is intended to improve network stability and introduce privacy-preserving smart contracts. The key question is whether product updates and added utility can counter pressure from token supply growth, with about 10.9 billion PI already in circulation and roughly 4.25 million PI unlocking each day, according to PiScan data.