Pi Network Sets Hard Deadline for Protocol 22 Upgrade as PI Price Rises
- Node operators must upgrade to Protocol 22 by April 27 to remain connected to the network.
- The PI token price surged nearly 7%, reaching approximately $0.1815.
- 177.01 million PI tokens are set to be released in the next month, representing only 2.96% of total locked tokens.
- The upgrade includes a dual-interface configuration and requires KYC compliance for full participation.
- The previous Protocol 21 update also had a deadline and caused a similar price spike.
The upcoming Protocol V22 update is crucial for node operators, as failure to comply by the deadline will result in disconnection from the Pi Network. This urgency has contributed to a recent increase in PI token prices amidst easing supply concerns.
Currently, PI is trading around $0.1815, following a notable rise of approximately 6.75%. The release of only a small percentage of locked tokens may support further price stability and potential growth.(Source)
