The Pi Network team carries on the transition to the mainnet, with 13 million people already completed Know Your Customer (KYC). However, the road to a full-fledged mainnet has been bumpy.
Pi Network Security Notice Burnt On Arrival
Last Friday, the Pioneers started an intense roast campaign on X, previously known as Twitter. For instance, Pi Network’s team issued a warning in regards to safeguarding the crypto wallets. Pi’s core team declared that wallet.PiNet.com is the only legitimate link to the Pi Wallet on Pi Browser, but security notice fueled some sarcastic remarks.
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“We’ve received your 100th “Wallet Security Notice”, it’s truly touching”, said Hai Feng Chen, a Bitcoin (BTC) holder & Pi Network (PI) miner. The Pioneer community member asked the Pi core team to sort out the “constant delaying” in Pi coin (PI) mapping once the crypto enthusiast goes through the KYC process with success.
However, Hai Feng Chen posted screenshots of his account status as “KYC passed”, but the 6-year hard work of tirelessly mining Pi coins is still not reflected on the mainnet. Seen by 10K people on X, the post garnered support from hundreds of people, but Pi core team representatives are yet to chime in.
Can Pi Coin Price Take A Swing At $10?
Double-digit Pi token price is unprecedented, but dreamt of by veteran holders, who have been mining Pi in the pre-mainnet era. When Pi Network finally rolled out the mainnet, Pi coin’s price targeted $3, but got rejected one cent below this level on February 26, 2025. Then, some Pi holders got scared off by the unlocking schedule and lack of major listings.
While this is perfectly reflected on Pi coin’s technical price charts, one thing remains for sure – Pi coin’s demand zone around $0.60 served as a key catalyst for a rally to $1.55 in May, 2025. Later on things took a darker turn, when Pi Network core team’s announcement on the $100 million decentralized application (dApp) fund couldn’t win the hearts of most Pioneers.
Now, Pi price is holding steady above the $0.60 major demand level, but no breakthrough is seen until the Chaikin Money Flow (CMF) turns positive once again. In order to make it past $10, Pi coin’s price would have to go on a lucky streak to claim both the mid-tier Bollinger Band & the higher one, depicted in blue and red colors, respectively.
Further ahead, the $1 price restoration could lead to reclaiming May’s $1.55 levels, but a bigger breakthrough will highly depend on the roll-out of Pi Network’s 100 dApp ecosystem, something that has been in the making for over 6 years for Pioneers to finally embrace.
On The Flipside
- Many crypto market watchers assume that implementation of KYC directly on a blockchain goes against the values of decentralization.
Why This Matters
Pi Network is a highly-accessible chain, engaging crypto enthusiasts to easily mine crypto with their smart devices and special hardware requirements. So far, this mobile-mining chain has over 70 million registered users worldwide.
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Pi Network is a mobile-first crypto project where users mine Pi coins on their phones. Its price hit a $10 roadblock due to delays in mainnet launch and concerns over coin supply.
Some users noticed discrepancies in reported Pi coin totals, sparking distrust. The team’s lack of clear communication about these issues has fueled community backlash.
There’s no evidence of theft; the “missing” coins likely stem from accounting errors or unclaimed rewards during testing phases. The team is working to clarify the supply.
Price growth depends on mainnet launch, exchange listings, and restoring user trust. If the team resolves the coin issue, $10+ is still possible but not guaranteed.
Download the Pi Network app, join via an invite, and mine for free, but don’t invest money yet. Stay updated on official announcements to avoid scams and understand risks.
