Latest Update on Pi Network (PI) as of November 11th

The Pi Network has recently introduced an upgrade to the Pi Node, version 0.5.4, aimed to enhance accessibility, reliability, and address community concerns. This upgrade includes a better system for tracking open parts on Pioneers’ Nodes, providing more secure Node bonus calculations and enabling the migration of Node mining rewards. Despite recent losses, the PI token experienced a revival at the end of October, with its price rising nearly to $0.30. However, it currently trades at around $0.23. There is a possibility of further pullback in the short term as almost 143 million coins are set to be released in the next 30 days, increasing the chance for investors to sell. Additionally, the number of PI tokens stored on cryptocurrency exchanges has increased, indicating a potential rise in sell pressure.