Pi Network is back in the market’s attention after its team shared a new KYC update.
summary
- The PI regained interest from the top 50 companies as KYC progress faced weak price action and new concerns about supply.
- More than 18.1 million users have passed Know Your Customer (KYC), but initial checks are still keeping some mainnet migrations pending.
- Crypto.news data shows the price index near $0.17, with weekly losses keeping traders cautious for now.
Project He said More than 18.1 million users have passed the original KYC checks, while more than 16.7 million Pioneers have migrated to the Mainnet. The update gives the network a new user growth figure as PI attempts to recover from recent price weakness.
The team has often associated KYC with a “one person, one account” model. The goal is to reduce bots, fake users, and duplicate accounts before the balances move to the mainnet. This system remains central to Pi Network’s offering as a large, identity-verified blockchain community.
A principled KYC policy keeps users’ concerns alive
The latest update also addressed users stuck in the initial KYC program. The team said that this status “does not mean rejection,” but it does mean that some accounts need further checks before they are approved. This claim may alleviate some concerns, but it does not eliminate the long wait faced by users who say they have been in this mode for months.
Pi Network is also working on AI-assisted verification tools. A January update said millions of patrons were as well Not prohibited for mainnet migration, while fingerprint scanning was tested as a potential additional security method. Such tools could support vitality checks, account recovery, password resets and other security flows, the project said.
PI price shows limited recovery
The KYC update arrived while the PI market setup remained weak. Crypto.news PI price data showed (Bye) is trading near $0.172, with a market cap of around $1.79 billion and a 24-hour trading volume near $13.82 million. The token is ranked No. 50 by market cap, but has remained down approximately 4.03% over a seven-day period.
This means that the recent recovery has not yet changed the broader trend. The PI remains well below its February 2025 all-time high of $2.99. Crypto.news data also shows that the token remains above its February 2026 low of $0.131244, leaving traders focused on whether the market can hold the current range.
Opens and utility remain key tests
Recent crypto.news coverage warned that PI continues to face selling pressure from token unlocks. May 11 analysis He said that more than 174 million pre-locked PI tokens are expected to be in circulation before the end of the month. She also said that the PI may reconsider the $0.15 area if weakness persists.
Other related updates show why traders remain divided. crypto.news I mentioned In April, Pi Network completed the mainnet version 21 upgrade and launched a testnet RPC server to help developers test applications before mainnet deployment. These upgrades may support future usage, but pricing data shows that PI still needs stronger demand to turn KYC progress into a lasting market recovery.
