The Pi Network community is buzzing again as the project enters September 2025 with some of its biggest technical and economic developments to date.
From a crucial mainnet upgrade to major token unlock events, the coming weeks could mark a turning point for both the network’s utility and its market outlook.
At the center of attention is the recently announced v23.01 protocol upgrade, which aims to push Pi’s infrastructure into a more secure, scalable, and transparent phase. At the same time, a new liquidity event is putting millions of tokens into circulation, sparking speculation over how prices may react. For Pioneers, this blend of innovation and risk makes it a pivotal chapter in Pi’s journey.
A Closer Look at the v23.01 Upgrade
Unveiled in late August, the v23.01 protocol upgrade represents one of Pi’s most ambitious steps forward. Built on top of Stellar-Core v23.0.1, the upgrade strengthens security with new features such as biometric logins and enhanced two-factor authentication. At the infrastructure level, Linux Node expansion opens the door for smoother developer integration and a broader ecosystem of applications.
Perhaps the most anticipated element is the commitment to open-source transparency. With the code set to be revealed in September, developers and institutions alike will gain deeper insight into how Pi operates, further boosting credibility. The upgrade is being rolled out in phases—Testnet1, Testnet2, and finally Mainnet—with full activation expected in early September.
Token Unlocks: Liquidity Meets Uncertainty
Parallel to the upgrade, Pi faces a major liquidity test. Roughly 159.5 million PI tokens are scheduled to unlock in September 2025, part of a gradual distribution plan running through 2028 that will ultimately release 5.38 billion tokens into the market.
The Pi Core Team has structured this as daily unlocks rather than one-off releases, aiming to prevent sudden price shocks. Still, market watchers warn that the increase in supply could weigh on prices in the short term. Within the community, however, this event is being celebrated as a “new era launch,” with many believing the liquidity infusion will strengthen Pi’s transition into a fully open mainnet economy.
Price Rumors: Has Pi Finally Bottomed Out?
At the start of September 2025, Pi is hovering near $0.35, a level that sits close to its historical lows. On the chart, this zone has acted as a crucial support area throughout August. While sellers have dominated much of the summer, the recent stabilization has fueled rumors that Pi may have already bottomed out.
From a bullish perspective, some traders argue that the v23.01 upgrade and ongoing open mainnet progress could provide the narrative boost needed for a rebound. If buying pressure returns, Pi could test the $0.42–$0.45 resistance zone, where previous rallies stalled. Breaking through that range might open the door to a run toward $0.50 or higher in the short term.
On the other hand, skeptics caution that the September unlock of 159.5 million PI tokens could flood the market with supply. If selling pressure intensifies, Pi risks breaking below support at $0.33–$0.34, which might expose it to a retest of the $0.30 region or even fresh lows.
For now, the debate centers on whether the recent sideways movement is the calm before a recovery or just a pause before another leg down. As with most emerging tokens, much depends on liquidity inflows and whether the community narrative can outpace the market’s skepticism.
Why It Matters for Pioneers
For millions of users who have been mining Pi since its early days, these updates highlight both the rewards and risks of patience. The v23.01 upgrade shows Pi is still investing heavily in its technological foundations, while the token unlock schedule ensures a gradual but consistent path toward market maturity.
For Pioneers, the coming weeks may not just define the price chart—they could set the stage for whether Pi’s ecosystem finally begins to flourish beyond the enclosed phase and into real-world adoption.
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Source: https://coindoo.com/pi-network-2025-update-huge-mainnet-news-price-rumors-what-every-pioneer-must-know/