BREAKING News for Pi Network Users | 42

Added: 2026-06-02

[00:00:00]Your fam, of course, did not forget about you, and I want to break out some news for you today.

[00:00:07]Uh first of all, the critical node upgrade deadline is happening tomorrow.

[00:00:14]That's the biggest immediate news.

[00:00:18]It Guys, I guess now it's mandatory.

[00:00:22]Um you need to do it. The deadline is on 2nd of June, and that's tomorrow. All the mainnet node operators must update to the protocol version 24 uh by this date to avoid any network instability and potential disconnection from the from the canonical chain.

[00:00:41]The updates, from what people say, it takes about uh it takes to about 15 minutes.

[00:00:49]Secondly, uh the CDI games better continue strong performance from last week on the May 29th.

[00:00:56]The Pi Ventures backed gaming app, the CDI games, um and it's impressive. Over 81,000 users from 160-plus regions uh in 1 week, just 1 week.

[00:01:12]And that's more than 1.2 million game sessions, and that shows real organic growth and engagement on the on the Pi ecosystem. And another another thing that I've observed, and I think it's worth mentioning, is that we see some whale activity. Uh A whale wallet now holds over 400 million Pi tokens accumulating an additional of 1.1 million in a single day.

[00:01:44]Um That indicates That indicates some good news, some bullish crossover in the early June.

[00:01:53]Uh historically, such signals have uh preceded rallies averaging over the 50% which is which is not bad.

[00:02:04]The current price is still around 15 cents now.

[00:02:08]Still below the 27 March at the 27 cents that we've seen we've seen on on March this year.

[00:02:19]And that's well below the around $3 we've seen in the early 2025s.

[00:02:25]The daily tokens unlocks to around 0.46 million.

[00:02:32]Creating an ongoing ongoing selling pressure. We know that.

[00:02:38]But what what is to watch for for this week is the update that we're going to get on the node.

[00:02:48]That should be a successful rollout and will boost the network confidence and any issues could cause temporary instability. We expect that to to get in the right in the right position.

[00:03:02]On short term on short term whether the technical MACD crossover materializes and if Pi can break above the resistance level, that's to be seen. On long term, we focus on the growth of the utility and we expect different other apps to pop up on the network ecosystem just like the CI DI games.

[00:03:28]And that will drive the real demand beyond speculative tradings.

[00:03:32]And one of of the focuses that we that we want to to get is the community focusing preparing for the node upgrade while discussing how to accelerate the utility driven adoption to outpace the token unlock pressure.

[00:03:52]Guys, uh there's no major breaking announcements coming directly from the official Pi Network channels um this weekend, but the community is actively discussing the upcoming deadline and monitoring the technical signals. I hope these news are going to bring some different other news that we are going to chase and follow this weekend uh this week. Um take care, subscribe to this channel, and I'll see you on the next one.