Nearly 3 million Pioneers arrive on the mainnet, boosting Pi Network’s presence. Will Pi’s price react?
Pi Network’s (PI) core team just dropped some big news on the Know Your Customer (KYC) verification front. Per the latest blog entry, Pi Network just registered 3.36 million additional Pioneers that have fully completed the KYC procedures after 4.76 of them passed through the Tentative KYC, which is focused on solving uncertain cases requiring additional information.
Pi Network’s Mainnet Onboards 2.69M New Pioneers
Out of the 3.36 million Pi Network enthusiasts, a whopping 2.69 million have been fully migrated to the mainnet. Notably, this move enables Pi Network aficionados to use their pre-mined Pi Coins on the real blockchain, which had debuted in February, 2025 after rigorous testnet examination.
With a successful start at $2.99, Pi Network’s (PI) native token price flopped and went on a continuous downward slope, eventually finding itself at the major demand area of $0.20. This occurred due to multiple reasons, including the lack of major crypto exchange (CEX) listings, multi-million Pi Coin unlocks on a daily basis & previously, a very arduous KYC process.
By solving the KYC issue, Pi Network’s (PI) core dev team employs a cutting-edge artificial intelligence (AI) setup to conduct liveness checks, minimizing the chances of a fraudulent KYC activation. The team also noted there’s 3 million Tentative KYC cases that are still pending.
The new system process can unblock these disputes with the AI-powered live checks. Will this make the 60-million strong Pioneer community happier and return some of Pi Coin’s (PI) buying power seen during the first weeks into launch? Pi’s dream to restore the $1 price tag comes with a few extra hurdles.
Pi Coin Inflation Still Prevalent, Burns To The Rescue?
Aside from the lackluster crypto exchange listing & substantial delays in the roll-out of the 100 decentralized application (dApp) ecosystem, there’s one more thing bothering the Pioneers. Over half a year into launch, there’s still an average unlock of 4.052 million Pi Coins (PI), poured onto the markets daily.
Without matching buying power across the heaviest investors, there’s nobody to soak up the inflation. As a possible way to counter this issue, some popular community voices like Pi Patriot believe that implementing a Pi Coin burning mechanism would be the game-changer Pioneers long for.
This can be particularly important as Pi Coin’s price is battling to stay above the lower demand territory of $0.20. In order to restore the $1 price tag, Pi’s price would have to be accompanied by a four times larger market capitalization with today’s $1.7 billion still being a far cry from the $8 billion gathered in mid May, 2025.
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