Why did the price of PI go up?

Pi Network (PI) increased by 2.62% in the last 24 hours, outperforming the overall crypto market, which rose by 2.06%. The main reasons behind this growth are:

1. KYC progress – Over 3.36 million users have completed identity verification, which helps reduce the number of tokens available for sale.
2. Token accumulation – 10 million PI tokens were withdrawn from exchanges, showing that holders are confident and holding onto their coins.
3. Technical rebound – Positive trading signals, like a bullish divergence and a falling wedge pattern, encouraged short-term buying.

Deep Dive

1. KYC Migration Reduces Selling Pressure (Positive for PI)

What’s happening: Pi Network’s automated identity verification system (KYC) has allowed more than 3.36 million users to move their tokens to the Mainnet, with 2.69 million completing this process as of October 24 (Pi Core Team). This means fewer tokens are unlocked and available for immediate sale.

Why it matters:

• Verified users are more likely to lock their tokens for uses like staking or app development instead of selling them right away.
• Around 4.76 million users who have started KYC but not finished could soon complete verification, further limiting token supply.

What to watch: Daily rates of token migration and how many KYC requests are still pending (about 1.07 million).

2. Tokens Moving Off Exchanges Suggest Holding (Mixed Effects)

What’s happening: In October, 10 million PI tokens were taken off exchanges, reducing the amount of PI available on centralized platforms from 420 million to 410 million (BeInCrypto).

Why it matters:

• Less PI on exchanges means fewer tokens available for quick selling, which can reduce panic selling but might increase price swings.
• Large holders could be preparing for future events, like the ISO 20022 integration expected by November 2025.

What to watch: Balances on major exchanges like Gate.io and Bitget, which hold about 80% of PI’s exchange liquidity.

3. Technical Signals Point to Short-Term Price Bounce (Positive)

What’s happening: PI’s price showed a bullish divergence on the RSI indicator (rising from 30 to 32) and formed a falling wedge pattern, both of which often signal a price reversal. The MACD histogram also turned positive (+0.0036) for the first time in weeks.

Why it matters:

• Traders took advantage of oversold conditions near the $0.20 support level to buy.
• The next resistance level is at $0.25 (the 23.6% Fibonacci retracement). If PI breaks above this, it could aim for $0.28.

What to watch: Trading volume staying above $15 million per day. The current 24-hour volume is $15.7 million, up 63.44%.

Conclusion

PI’s recent price increase reflects short-term optimism driven by progress in KYC verification and positive technical signals. However, there are still risks ahead: 121 million tokens will unlock in the next 30 days, and the overall market sentiment remains cautious (CMC Fear & Greed Index at 36).

Key point to watch: Whether PI can maintain support at $0.21. If it falls below this level, it may retest its all-time low of $0.1585.

What could affect the price of PI?

Pi’s future depends on key deadlines for migration, getting listed on major exchanges, and important software updates.

1. Open Network Launch (Q1 2025) – Essential for real-world use and trading
2. Exchange Listings (like Binance) – Waiting on compliance and transparency checks
3. Token Unlocks – Over 121 million PI tokens will enter circulation within 30 days

In-Depth Look

1. Open Network Launch & KYC Deadline (Mixed Impact)

What’s happening:
Pi plans to launch its Open Network in the first quarter of 2025. The deadline for users to complete identity verification (KYC) and move their tokens was extended to February 28, 2025. Recently, more than 3.36 million users completed KYC, but many tokens (about 80% of user balances) risk being lost if migration isn’t completed on time.

Why it matters:
If most users successfully migrate, it could help stabilize Pi’s supply by reducing the number of tokens that get forfeited. However, if deadlines are pushed back again or technical problems arise, uncertainty will continue. The Pi Core Team is working to keep the network free of bots, but progress is uneven so far. You can read more on their official blog here.

2. Exchange Listings & Liquidity (Positive Sign)

What’s happening:
Pi is currently trading at about $0.21, which is down 93% from its highest price. Daily trading volume is around $15.5 million, mostly on smaller exchanges like Gate.io. There are rumors about Pi getting listed on Binance, one of the world’s largest exchanges, but this depends on passing business verification (KYB) and making the code open-source. Additionally, Pi gained some institutional attention with a listing on Valour ETP in Sweden, expected in August 2025.

Why it matters:
Getting listed on Binance would greatly improve Pi’s liquidity, making it easier to buy and sell without big price swings. Right now, Pi’s turnover ratio (trading volume compared to market size) is very low at 0.00882, indicating the market is thin and prices can be volatile.

3. Software Upgrades & Large Holder Activity (Mixed Signals)

What’s happening:
A major software upgrade called Protocol v23 is planned for late 2025, aiming to improve how Pi scales by integrating with Stellar Core technology. Meanwhile, a large investor (a “whale”) has bought 331 million PI tokens (worth about $148 million) since May 2025, reducing the number of tokens available on exchanges by over 10 million.

Why it matters:
The upgrade could attract more developers and users, but Pi’s price has dropped nearly 21% over the past 30 days, showing some market skepticism. The whale’s buying might indicate confidence in Pi’s future, but the upcoming release of 121 million tokens in the next month could put downward pressure on the price. More details on token data can be found on CoinGecko.

Conclusion

Pi’s price and future depend on meeting important Open Network milestones, managing the impact of large token unlocks, and securing listings on major exchanges. Technical indicators like RSI (34.96) and CMF (rising) suggest there could be some upside, but risks remain high due to concerns about centralization and low liquidity.

Keep an eye on the $0.20 support level — if Pi falls below this and stays there, it might retest the $0.50 resistance level seen in June 2025.

What are people saying about PI?

The Pi community is feeling a mix of cautious hope and frustration. Here’s what’s making headlines:

1. Technical charts suggest a possible price bounce
2. Upcoming token releases raise concerns about selling pressure
3. Long-term $1,000 price predictions face skepticism
4. Big investors (whales) are making moves, sparking speculation
5. Delays in system upgrades are testing user patience

In-Depth Look

1. Falling Wedge Pattern Points to 35% Price Increase — Bullish Signal

@johnmorganFL says:
“Pi ($PI) could rally 35% to $0.64 as it approaches a falling wedge breakout. A Stochastic RSI buy signal supports this move.”
– @johnmorganFL (42K followers · 18K impressions · July 18, 2025)
See original post
What this means: A falling wedge is a chart pattern that often signals a trend reversal. If Pi’s price breaks above $0.64, it could trigger short-term upward momentum. However, low trading volume means this move isn’t guaranteed.

2. Token Unlocks Could Put Downward Pressure on Price — Bearish Signal

An anonymous analyst notes:
“Between June and August, 630 million $PI tokens will be unlocked and enter circulation. Technical indicators show bearish trends, with key support at $0.60.”
– Anonymous analyst (1.2K votes · May 30, 2025)
See original post
What this means: When locked tokens become available, it can increase selling pressure if demand doesn’t keep up. If Pi’s price falls below $0.60, it might drop further toward $0.50.

3. $1,000 Price by 2030? Mixed Opinions

Bitget Research Team shares:
“Bitget forecasts Pi reaching $1,000 by 2030, driven by global adoption. Current price is $0.68. Most tokens are still locked, and the mainnet launch is pending.”
– Bitget Research Team (890 votes · July 7, 2025)
See original post
What this means: While the $1,000 target is optimistic, it depends on widespread use and growth. Right now, Pi isn’t listed on major exchanges like Binance, which limits trading options and liquidity.

4. Large Investors Accumulating 350 Million $PI — Bullish Signal

An on-chain analyst reports:
“A whale has bought 350 million $PI tokens (worth $134 million) during a price dip. Rumors of a Binance listing and the falling wedge pattern are boosting optimism.”
– On-chain analyst (2.1K votes · August 15, 2025)
See original post
What this means: Big purchases near $0.42 suggest confidence in the price floor. If Pi breaks above $0.52, it could confirm a bullish trend.

5. Migration Delays Causing User Frustration — Bearish Signal

A frustrated user shares:
“Stuck at Step 9 after completing KYC. Missing balances and 2FA issues. The Core Team hasn’t responded.”
– Frustrated Pioneer (3.8K votes · June 2, 2025)
Read more
What this means: Technical problems and lack of communication are hurting user trust. Delays in upgrading the system (mainnet) limit Pi’s real-world use and demand.

Conclusion

The outlook for $PI is mixed. Some traders are hopeful due to technical signs and big investor activity, while others worry about token unlocks and ongoing system issues. Keep an eye on the $0.75 resistance level—breaking above it could signal a positive trend, but failing to do so might mean bears remain in control.

What is the latest news about PI?

Pi Network is making important updates to meet regulatory standards and manage token price changes. Here’s a quick summary of the latest news:

1. ISO 20022 Integration (October 23, 2025) – Pi is working to be compatible with SWIFT by November 2025.
2. KYC Verification Progress (October 24, 2025) – Over 3.36 million users have completed identity checks, reducing selling pressure.
3. Technical Signs of Recovery (October 24, 2025) – Indicators suggest cautious optimism despite price staying mostly flat.

In-Depth Look

1. ISO 20022 Integration (October 23, 2025)

What’s happening: Pi Network plans to adopt the ISO 20022 messaging standard by November 22, 2025. This standard is being used globally by SWIFT, the main system banks use to send money internationally. By upgrading, Pi aims to connect its blockchain with traditional banks more smoothly, similar to other cryptocurrencies like XRP and XLM. The plan includes updating protocols, adding compliance tools, and launching a decentralized exchange (DEX) for Pi.

Why it matters: This move is generally positive for Pi (PI) because it could open up more real-world uses, like sending money across borders or business payments. However, some remain cautious since Pi isn’t yet listed on major exchanges and hasn’t shared all technical details publicly. (CCN)

2. KYC Verification Progress (October 24, 2025)

What’s happening: More than 3.36 million Pi users completed Know Your Customer (KYC) identity checks this October using AI technology. Out of these, 2.69 million moved their accounts to the Mainnet, Pi’s live blockchain. This update also cleared a backlog of 4.76 million “Tentative KYC” accounts, helping reduce fake accounts and increase trust in the network.

Why it matters: This is a good sign for Pi’s long-term growth because it strengthens the network’s legitimacy. However, in the short term, it could put downward pressure on the price since verified users can now access and potentially sell their tokens. In October, 10 million PI tokens were withdrawn from exchanges, indicating some investors are holding on. Still, 121 million tokens will become available in the next 30 days, which could lower the price. (Yahoo Finance)

3. Technical Signs of Recovery (October 24, 2025)

What’s happening: Technical analysis shows Pi’s price formed a “falling wedge” pattern and a bullish signal on the True Strength Index (TSI). The Relative Strength Index (RSI) also rose from oversold levels to 32. The price increased by 2.38% in 24 hours to $0.21 but is still 93% below its highest price ever.

Why it matters: This is a neutral sign, suggesting Pi might experience a short-term price bounce toward resistance at $0.50. However, low trading volume (about $15.5 million daily) and concerns about how centralized the network is limit confidence in a strong price increase. Traders are watching $0.19 as an important support level. (Crypto.news)

Conclusion

Pi Network’s future depends on balancing progress in regulatory compliance with challenges related to token supply and trading activity. While adopting ISO 20022 and improving KYC checks show the project is maturing, ongoing token unlocks and low liquidity keep the price under pressure. The big question is whether Pi’s upcoming SWIFT compatibility in November will boost demand or if increased token availability will weigh on the price.

What is expected in the development of PI?

Pi Network is moving forward with key updates:

1. Protocol v23 Upgrade (Q4 2025) – Final steps to integrate Stellar Core for a more stable Mainnet.
2. Global KYC Expansion (2026) – Improving user verification to allow more people to fully join the network.
3. Open Mainnet Requirements (No Set Date) – Working on decentralization and compliance, but timelines are uncertain.

In-Depth Look

1. Protocol v23 Upgrade (Q4 2025)

What’s happening: Pi Network is upgrading its system from version 19 to 23. The big change in v23 is adding Stellar Core technology, which helps the network run smart contracts better and stay stable. This is a key step before the network becomes fully decentralized (Pi Blockexplorer).
Why it matters: This upgrade is important for the network’s foundation but doesn’t immediately affect the value or use of Pi (PI). If the upgrade is delayed, it could make investors more cautious, especially since PI’s price has dropped about 87% over the past year.

2. Global KYC Expansion (2026)

What’s happening: After backend improvements in 2025, over 500,000 users have moved forward in the network. However, verifying users’ identities (KYC) is still slow in places like Africa and Latin America. The team plans to use AI tools to speed up this process and clear “Tentative KYC” statuses (Pi2Day 2025 Updates).
Why it matters: Fixing KYC issues is good news for the long term because it will let millions more users fully participate and increase activity on the app. But there’s some risk that these improvements might take longer or face challenges, which could affect PI’s liquidity and adoption.

3. Open Mainnet Requirements (No Set Date)

What’s happening: Although the Open Mainnet launched in February 2025, Pi Network is still partly closed off. Businesses need to complete Know Your Business (KYB) checks, and the network is working on decentralized governance by its nodes. The team hasn’t given a timeline because these steps depend on factors outside their control (Pi Whitepaper).
Why it matters: This ongoing uncertainty can hurt investor confidence, which is reflected in PI’s 53% price drop over the last 90 days.

Conclusion

Pi Network is focused on improving its technology and growing its ecosystem. However, delays and a lack of clear timelines for key milestones like the Open Mainnet create uncertainty. The upcoming Protocol v23 upgrade and KYC improvements could be the turning points needed to boost Pi’s usefulness and help reverse its recent price decline.

What updates are there in the PI code base?

Pi Network recently rolled out important updates focusing on developer tools, protocol improvements, and stronger security measures.

1. Rust SDK for A2U Integration (Oct 1, 2025) – A complete backend toolkit that helps developers create secure payment flows between apps and users.
2. Protocol v23 Upgrade (Sep 12, 2025) – KYC (Know Your Customer) verification is now built directly into the blockchain for decentralized identity checks.
3. Wallet Security Overhaul (Aug 5, 2025) – Passwords are replaced with passkey logins, using biometrics or device PINs for safer access.

Deep Dive

1. Rust SDK for A2U Integration (Oct 1, 2025)

What it is: This new software development kit (SDK), built with the Rust programming language, allows developers to easily create secure payment systems where apps can send or receive Pi payments from users. It includes features like OAuth verification (a way to confirm user identity) and transaction handling.

This update adds strong cryptographic protections to approve or cancel payments safely and makes it easier to connect with Pi’s main blockchain network. Developers no longer need to build their own payment infrastructure from scratch.

Why it matters: This is a positive step for Pi because it makes it easier for app creators to build on the network, encouraging more apps and services to use Pi. Secure payment options could help Pi become more useful in everyday transactions. (Source)

2. Protocol v23 Upgrade (Sep 12, 2025)

What it is: The Pi test network was upgraded to version 22, preparing for the main network’s version 23 launch. This upgrade integrates KYC verification directly into the blockchain, allowing identity checks to happen in a decentralized way without relying on a single authority.

Version 23 also uses a new system based on Stellar technology, which improves how network nodes sync and prepares the platform for smart contracts (self-executing agreements). The upgrade started rolling out in late August, with some temporary downtime expected during the transition.

Why it matters: This update is cautiously optimistic. Embedding KYC into the blockchain supports compliance with regulations while keeping the network decentralized, which is good for long-term success. However, adding KYC is complex and could cause short-term technical issues. Network operators need to carefully manage the upgrade process. (Source)

3. Wallet Security Overhaul (Aug 5, 2025)

What it is: Pi replaced traditional password logins with passkey authentication. Passkeys use biometrics (like fingerprints or face recognition) or device PINs, making it much harder for hackers to steal accounts. This change also makes it easier for users to recover their accounts if needed.

This update came after users expressed frustration with complicated verification steps. Passkeys create unique credentials for each device, reducing the risk of phishing attacks.

Why it matters: This is a strong positive for Pi. Better security builds trust, which is essential for attracting more users. However, existing users will need to switch to the new system. (Source)

Conclusion

Pi Network’s recent updates focus on empowering developers (Rust SDK), preparing for regulatory compliance (v23 KYC integration), and improving user security (passkey logins). These changes address key challenges but depend on smooth adoption by network nodes and app developers.

Could Pi’s decentralized KYC verification become a model for blockchains that want to be both compliant and permissionless? Only time will tell.