Pi Network has returned to market attention after the project released a new update about its Know Your Customer (KYC) system and user migration progress.
The Pi Network team said more than 18.1 million users have successfully passed native KYC verification, while over 16.7 million users, known as “Pioneers,” have already migrated to the Mainnet.
The project says the KYC process is a key part of its “one person, one account” system, which is designed to reduce fake accounts, bots, and duplicate users before balances are moved onto the blockchain network.
The latest update also addressed concerns from users stuck in what Pi Network calls “Tentative KYC.” According to the team, this status does not mean a user has been rejected, but instead means additional checks are still needed before final approval.
However, many users continue to complain about long waiting periods, with some saying their accounts have remained under review for months.
Pi Network also confirmed it has been testing AI-assisted verification tools. Earlier updates mentioned experiments with palm-print verification and other security features aimed at improving account recovery, identity checks, and fraud prevention.
Despite the positive KYC numbers, the price of PI remains under pressure. Recent market data showed PI trading near $0.17 with a market value of around $1.79 billion.
Although the token recently regained a place among the top 50 cryptocurrencies by market capitalization, it is still far below its all-time high of $2.99 reached in February 2025.
Traders also remain cautious because of growing supply concerns. Reports suggest that more than 174 million locked PI tokens could enter circulation before the end of the month, potentially increasing selling pressure on the market.
At the same time, Pi Network continues expanding its infrastructure. Recent upgrades included a Mainnet v21 update and a new testnet RPC server aimed at helping developers build and test applications more efficiently.
For now, the project’s growing user base and KYC progress are attracting attention again, but investors are still watching closely to see whether Pi Network can turn that momentum into stronger long-term price recovery and real ecosystem growth.
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