Pi Network News and PI Price Update May 30
The past seven days saw Pi Network’s native cryptocurrency move more or less in line with the rest of the market, declining by a total of 4.7%.
A few important project-oriented developments also took place, so let’s have a look at some of the more important news around the project.
Important Protocol Update for Pi Network
Undoubtedly, the main development story for the past few days centered on an important protocol upgrade for mainnet node operators. As CryptoPotato reported, all Pi mainnet nodes are required to move to version v24. The deadline is set for June 2nd, 2026.
The team described the update as very quick to complete, with downtime expected of about 15 minutes. However, the warning around it is significant, because nodes that fail to update risk being disconnected from the canonical chain.
That could create instability if enough operators delay the process. Developers have also advised operators not to upgrade all nodes at once, instead routing traffic through other nodes during the transition.
For Pi Network, the move comes at an important stage, because the project continues to focus on infrastructure and utility, while the market continues to watch for signs of technical progress that can translate into more confidence in the native token Pi.
CiDi Games Beta Draws Engagement
The second major update is coming from the ecosystem side of things. CiDi Games – a Pi Network Ventures portfolio company – launched its beta application within the Pi Browser. The move is supposed to bring Pioneers 10 instant-access games across puzzle, idle, action, and competitive categories.
The move also introduced skill-based tournaments, platform progression through CiDiScore, the Pi ELF companion experience, and more.
The early traction was notable. In less than a week, CiDi Games attracted more than 81,000 Pioneers across more than 160 countries and regions, generating over 1.2 million game sessions. The launch also showed that Pi-based applications can reach users organically, build engagement, and test monetization through real utility rather than speculation.
Pi Price Remains Under Pressure
Despite the notable ecosystem updates, PI’s market performance remained depressed today. At the time of this writing, the token is trading at around $0.143, down about 4.7% over the past week, with a market capitalization of nearly $1.53 billion and daily trading volume of around $8.7 million – a far cry from its former days of massive activity.
The cryptocurrency continues to reflect broader caution observed in altcoins this week, with traders weighing technical progress against weaker market momentum.
As it stands, PI’s price action suggests that investors are not easily swayed by announcements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
To deliver computing power, Oracle uses trucks to transport natural gas to power its data centers
To address pipeline delays in AI data center construction, Oracle has adopted an unconventional energy supply method by transporting compressed natural gas via trucks, which has already been implemented in Utah and Texas, and is also being considered for the "Project Jupiter" in New Mexico. However, this solution costs four times as much as pipeline natural gas and is limited in scale, covering only a small fraction of the project's total capacity.
Aptos insider vesting ends, cutting APT unlocks by 60%
US Treasury yields soar to a 24-year high; US Treasury advisors expect future declines as AI investments and energy shocks drive up borrowing costs
David Zervos, senior advisor to U.S. Treasury Secretary Yellen and a veteran Wall Street professional, stated on Thursday that despite the recent surge in U.S. Treasury yields to their highest levels in decades, the current real yields are significantly elevated compared to historical levels, suggesting room for a decline in the future.
St. Louis Fed President: Further rate hikes needed over the next 6 to 9 months; inflation remains the top issue for the US economy
St. Louis Federal Reserve President Musalem said on Thursday that the Federal Reserve still needs to raise interest rates further in order to bring U.S. inflation back to the 2% target in a timely manner.
Crypto prices
More
