Pi Network Updates KYC Data as PI Price Attempts Recovery

TLDR

• Pi Network confirmed that over 18.1 million users have passed its KYC verification process.
• The team reported that more than 16.7 million users have migrated to the Mainnet.
• The Core Team reiterated that one person is one account to ensure fair participation.
• Some users remain in Tentative KYC status as the system conducts additional verification checks.
• Pi Network introduced AI-powered tools to improve KYC processing speed and reduce delays.

Pi Network reported updated KYC and Mainnet migration figures while its token price showed short-term recovery. The Core Team confirmed that millions of users passed identity checks and moved to Mainnet. Meanwhile, PI price traded below $0.17 before rebounding as the market cap returned to $1.8 billion.

Pi Network Confirms KYC Milestone and Mainnet Migration Growth

Pi Network announced that over 18.1 million users have completed its Know Your Customer verification process. The team also confirmed that more than 16.7 million users migrated to the Mainnet environment. These figures came through an official update shared on X.

The Core Team reiterated that “one person is one account” remains a core principle. The team stated that each verified account represents a real individual within the ecosystem. It added that real users help keep mining rewards fair and transactions reliable.

The update explained that verified users support application engagement across the network. The team said this structure allows developers to rely on authentic activity. As a result, the ecosystem continues to operate with verified participation.

However, some users remain in “Tentative KYC” status for extended periods. Many users have reported delays lasting months and, in rare cases, years. The Core Team clarified that this status does not equal rejection.

The team stated that the system conducts extra checks to confirm authenticity. It said this approach filters bots and fake accounts from the network. The update described this process as necessary to protect genuine participants.

Pi Network also introduced AI-powered tools to improve verification speed. The team stated that this infrastructure will reduce processing delays and bottlenecks. At the same time, it confirmed that human review remains part of the system.

PI Price Rebounds After Drop Below $0.17

PI experienced selling pressure over the past week as breakout attempts failed. The token fell below $0.17 after recording a 6% weekly decline. This drop briefly pushed PI out of the top 50 altcoins by market capitalization.

However, the token showed a mild recovery on the daily chart. Market data showed that PI regained its position within the top 50 rankings. Its market capitalization returned to approximately $1.8 billion.

The recent price movement followed repeated rejection near resistance levels. Each upward attempt stalled and reversed toward prior support levels. This pattern increased short-term selling activity.

Despite the weekly decline, PI recorded slight gains over the last 24 hours. The broader market weakness influenced trading conditions across altcoins. Still, PI maintained its position among the leading alternative cryptocurrencies by market value.

The KYC announcement coincided with the token’s price fluctuations. The Core Team continued to provide updates on user verification progress. The latest figures confirmed 18.1 million verified users and 16.7 million Mainnet migrations.

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