Pi Network’s native token, PI, fell nearly 14% to around $0.0808 after the launch of the long-awaited Protocol v27 upgrade, according to Coinpedia. The decline has intensified scrutiny of the token’s performance, with PI now trading about 97.2% below its all-time high. The sharp move lower has also increased concerns about the token’s future among market participants. The report focused on the immediate market reaction following the software upgrade and did not provide further details on the factors behind the sell-off. PI’s decline leaves the token under continued pressure as investors assess its performance after the v27 rollout.
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