Pi Network Price Near Record Lows as Pi DEX and Protocol v23 Upgrades Approach in 2026

On 25 February 2026, Pi Network remained under pressure, with PI trading around $0.15–$0.16 after dropping about 95% from its February 2025 peak near $2.98. Co-founder Dr. Chengdiao Fan emphasized long-term utility, full KYC and real-world integration as the project prepares for a Pi DEX upgrade on 12 March 2026 and tests Protocol v23, while token unlocks and weak technicals keep sentiment fragile.