Pi Network reportedly completed its major version 26 protocol upgrade before the August 11 deadline, according to numerous X users, though no official confirmation has been published. The project filed for regulatory registration with ESMA under the MiCA framework through its legal entity PiBit Ltd, and the PI token was listed on SolCex, the first centralized exchange on Solana. Over 2.5 million users participated in the Ecosystem Quest held after Pi2Day, exploring new applications and features. The PI token rebounded from its July all-time low of $0.07 but remains volatile, while over 775 million tokens are scheduled to be released by year-end, potentially adding selling pressure.
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