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Pi Network has returned to market attention after its team published a new Know Your Customer (KYC) update, highlighting continued progress on identity verification alongside ongoing uncertainty in token price action.
The project said more than 18.1 million users have passed its native KYC checks. It also reported that over 16.7 million Pioneers have moved to Mainnet, tying the update to Pi Network’s “one person, one account” model designed to reduce bots, fake users, and duplicate accounts before balances move to Mainnet.
The KYC update comes as Pi attempts to recover from recent price weakness, with the network’s attention and market positioning influenced by both verification milestones and supply-related concerns.
The latest update also addressed users stuck in “Tentative KYC.” Pi Network said the status “does not mean rejection,” but indicates that some accounts require additional checks before approval.
While the clarification may reduce some concerns, the update does not remove reports of prolonged waiting from users who say they have remained in Tentative KYC for months.
Pi Network has also been working on AI-assisted verification tools. A January update referenced millions of Pioneers being unblocked for Mainnet migration and described palm print checks being tested as a potential additional security method.
The project said such tools could support liveness checks, account recovery, password resets, and other safety flows.
At the time of the KYC update, crypto.news data showed PI trading near $0.172. The token’s market cap was about $1.79 billion, with 24-hour volume near $13.82 million. PI was ranked #50 by market cap, but it was down about 4.03% over seven days.
Despite the KYC-related attention, the broader trend remained weak. PI was still well below its February 2025 all-time high of $2.99, though it remained above its February 2026 low of $0.131244—leaving traders focused on whether the current range can hold.
Recent coverage also pointed to potential selling pressure tied to token unlocks. A May 11 analysis said more than 174 million previously locked PI tokens were expected to enter circulation before the end of the month, with the report adding that PI could revisit the $0.15 area if weakness continues.
Other updates cited by crypto.news include a mainnet v21 upgrade and the launch of a testnet RPC server in April to help developers test applications before mainnet deployment. While these steps may support future utility, the available price data indicates that stronger demand is still needed to translate KYC progress into a sustained market recovery.
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