Pi Network News and PI Price Update: May 5
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Pi Network completed a protocol version migration and announced an upcoming migration, marking a development milestone for the PI token and potential adoption/upgrades (protocol migration, crypto). PI token remained highly volatile and largely failed to capitalize on the recent broader crypto market rally, highlighting limited market confidence or liquidity despite the protocol progress (token, price volatility, market rally).
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It was an eventful week or so for Pi Network and its native token, perhaps led by the completion of the latest protocol version migration and the announcement of the upcoming one.
At the same time, PI went on another volatile rollercoaster but has mostly failed to capitalize on the broader market’s rally in the past few days.
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