Pi Network Completes v20.2 Upgrade, Pi Token Drops 28%

Pi Network has successfully completed its v20.2 protocol upgrade for its node infrastructure. The migration was finished on March 12, 2026, ahead of the originally scheduled Pi Day. 

This update was small and quick, with no data moved and downtime under 15 minutes, so the network kept running smoothly.

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According to a post by JoJo, a Pi Network Global GCV Movement Developer on X, “The Pi Network node infrastructure has successfully completed the protocol migration to v20.2, marking another milestone in the sequential upgrade roadmap toward v23.” 

The update was carried out globally across participating nodes, with Docker container logs confirming that Stellar Core and Horizon services restarted successfully and nodes entered the RUNNING state.

This v20.2 upgrade is part of a planned sequence of upgrades in 2026. The earlier steps were v19.6 on February 15 and v19.9 on March 1. The next upgrades will be v21.1, v22.1, and v23.0. 

Node operators were told to not upgrade all nodes at the same time, to send traffic to other nodes while updating, and to use temporary endpoints if needed. The next upgrade, v21.1, is not active yet, and operators must wait for official instructions before updating.

Pi token drops 28% in 24 hours

Despite the network milestone, Pi Coin, the native token of the network, has dropped by 28% within a single day. At the time of writing, the token is trading for $0.1969, down from an intraday high of above $0.278. 

This drop adds to a 16% decline in the last seven days. However, it’s up 44% in the past month , following recent trading surges. 

At the same time, trading activity has dropped by 4.52% from the previous day to about $130 million in volume, while its market cap sits at $1.9 billion. This price drop is partly due to investors selling after the upgrade announcement. 

Meanwhile, The drop came after a recent 30% price rise, helped by Pi Coin being listed on Kraken. Before Pi Day, some expected the price might go up 40%, but the actual outcome was different. 

Pi Network was launched in 2019. It lets people mine Pi coins on their phones. Updates like v20.2 are important to make the network safe, fast, and ready for mainnet. They help the network handle transactions better and keep all nodes working well. Each upgrade builds the system closer to version 23, which will bring more improvements.

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