Pi Network Price Rallies 8% in One Day: Real Recovery or Short-Term Relief?

Pi Network has caught traders’ attention after its native token, PI, jumped nearly 8% in the past 24 hours, standing out as one of the strongest performers among major cryptocurrencies. The move comes at a time when the broader market remains under pressure, with assets like Bitcoin posting mild losses.

This sudden bounce has sparked debate: is PI finally finding its footing, or is this simply a temporary rebound?

PI Shows Signs of Life After Prolonged Decline

Over the past several months, PI has faced sustained selling pressure, sliding to a fresh record low near $0.13 earlier this week. That drop pulled its market capitalization down to roughly $1.1 billion.

The latest price surge lifted PI close to $0.15, pushing its valuation back above $1.3 billion and helping it reclaim a spot among the top-ranked digital assets by market cap. While the recovery is encouraging, many traders remain cautious after such a steep drawdown.

Network Improvements Fuel Market Optimism

Investor sentiment appears to have improved following an update from the project’s core team regarding upgrades to its Mainnet infrastructure. Developers confirmed that the blockchain protocol is undergoing enhancements, with the first upgrade phase expected by February 15.

As part of this process, the network will begin operating its consensus system with approved community members who have successfully installed the required node software. The team emphasized that node reliability is critical to maintaining security and performance, which may explain the renewed interest from buyers.

Slower Token Releases May Reduce Supply Pressure

Another supportive factor is the changing token unlock schedule. Around 19 million PI tokens are set to enter circulation today, representing the heaviest release in the coming month. However, daily unlock volumes are projected to drop sharply toward the end of February, falling below 5 million.

If this materializes, reduced supply could help ease selling pressure and provide short-term price stability.

Outlook: Momentum or Another False Start?

While PI’s rebound is notable, it remains well below earlier levels. The sustainability of this move will likely depend on successful network upgrades and how the market responds as token releases slow.

For now, traders are watching closely to see whether Pi Network’s rally evolves into a lasting recovery—or fades into another brief bounce.

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