The price of PI on the Pi Network is up 8.5% after the latest updates: Details

The price of PI reached its highest level in almost two weeks.

While the entire cryptocurrency market has made gains over the past 12 hours, some assets have fared better than others. The original Pi Network token is among them, as the popular alt took advantage of the market-wide rally and is now trading at a multi-week high of around $0.185.

Despite the massive upcoming character reveal scheduled for next week, PI’s achievements today put it among the top releases. Naturally, this increase can be due to other factors, such as the recent updates that we reported earlier.

More specifically, the Core Team revealed that the v19.9 protocol port has been successfully completed, a milestone that was announced just a few weeks after the project was upgraded to v19.6.

This means that the next version of the protocol is v20.2, which the team hopes will be implemented by Pi Day 2026 – March 14th.

The group reiterated that all node operators who need to use desktop computers and laptops instead of mobile devices should upgrade to the current version of the protocol. Otherwise, they may disconnect from the network.

PI’s rise to a two-week high now means the asset has gained more than 14% over the past month. This is in stark contrast to most other major cryptocurrencies, including BTC, ETH, SOL, and XRP, which all decline monthly. In some cases, like BNB, XRP and SOL, the monthly decline is in double digits.

What could be a worrisome sign for PI bulls is the increase in the number of tokens due to be released in the next two weeks. Data from PiScan shows that the average number of coins issued daily will be around 6.8 million, but some days will see more than 11 million.

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March 7th will be a record day with around 21 million coins unlocked. This could intensify the immediate pressure to sell the asset if investors decide to dispose of their long-awaited tokens.