While the broader crypto market traded in red on Oct. 29, Pi Network’s native token (PI) is up nearly 22%. This makes it one of the day’s top trending crypto coins. As of writing, PI is trading at around $0.2851, adding over $350 million to its market cap within 24 hours.
The sudden rise appears to be driven by renewed community excitement and speculation over Pi Network’s long-awaited open mainnet launch. Social media platforms have been buzzing with claims that the blockchain has transitioned from testnet to live mainnet.
However, several community developers and independent ecosystem trackers have debunked these rumors, confirming that the network is still operating on Testnet v19. Screenshots from the official Pi block explorer showed no sign of an upgrade to v23.
$Pi Testnet2 is currently still at v19 and has not yet been successfully upgraded to v23, so don’t believe any rumors. ⚠️ #PiNetwork pic.twitter.com/mYDCN96fNo
— PiNetwork DEX⚡️阿龙 (@fen_l
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