Pi Network token (PI) showed typical upgrade-driven volatility, rising nearly 9% ahead of the Protocol 22 rollout before pulling back as traders locked in gains.
Historically, Pi upgrades have triggered short-term price spikes followed by corrections — and early signs suggest this pattern may continue. While Protocol 23 could strengthen long-term fundamentals by enabling smart contracts, it hasn’t yet translated into sustained price momentum.
With the May 15 deadline approaching, traders are watching closely: will this upgrade break the cycle — or repeat the familiar post-upgrade fade?