- Pi Network price is now under pressure, although the token has seen a slight uptick recently.
- The platform makes 2FA mandatory for all mainnet migrations.
- Rising CEX inflows signal selling pressure on the Pi price.
Pi Network’s latest move is signaling a major shift, but it failed to make any long-lasting impact on the Pi Coin price. Though the Pi Network saw a short-term hike following the platform’s latest security update, the token is now showing bearish signals.
As the project prepares for wider mainnet use, it has introduced a mandatory two-factor authentication (2FA) requirement to strengthen user security. This step is now part of the Mainnet Checklist, meaning users must secure their wallets before completing migration and accessing real token transfers.
However, this transition is also raising concerns about the Pi Network price’s stability. With more tokens moving to exchanges and investors showing signs of profit-taking, the market is reacting cautiously. As the network edges closer to irreversible on-chain transactions, the combination of tighter security and increased supply pressure could leave the PI token vulnerable to further volatility in the near term.
Pi Network Price under Pressure
Pi Network is currently trading at $0.1705, with a 1.14% in a day, as perCoinMarketCap data. Despite the daily surge, the PI token is still down by 2% and 4.2% over the past week and month, respectively. This suggests that many users are selling their tokens, especially as the second phase of mainnet migration continues.
This increase in supply is putting pressure on the price. Many investors appear to be losing confidence and are choosing to take profits instead of holding. As more tokens enter exchanges, it becomes easier for prices to fall due to higher selling activity.
From a technical point of view, the outlook for the Pi Network token looks slightly bearish. The price has fallen below an important support level of $0.1736, which now opens the door for a possible drop toward $0.1556. If the price falls further, it could even test lower levels around $0.13.
Indicators also show weakness. The RSI is below the neutral level, meaning momentum is still on the downside, while the MACD suggests the market is not strongly bearish yet- but still leaning negative. Overall, the Pi Network price may continue to face pressure in the short term unless it returns to buying interest.
2FA Implemented to Secure Mainnet Transfers
As Pi Network moves closer to full mainnet usage, it has introduced mandatory two-factor authentication (2FA) to strengthen user security. This is now part of the Mainnet Checklist, meaning users must enable 2FA on their Pi Wallet before they can migrate their tokens. The goal is to ensure that only the account owner can approve transactions, especially as transfers become permanent and irreversible.
The new system requires users to complete 2FA setup during both the first and second migration phases. Once activated, it adds an extra layer of protection while still allowing smoother approvals in the future. In simple terms, no Pi tokens can be moved to the mainnet unless 2FA is enabled. This makes security a built-in part of the migration process rather than an optional feature.
This update comes as scams targeting Pi Network continue to rise. Fraudsters are using fake websites and messages to lure investors into sophisticated scams. These increasing issues have also caused the Pi Network price fall.
Source: https://www.cryptonewsz.com/pi-network-price-at-risk-2fa-mainnet-shift/
