Overview
- PI trades near $0.205 after a drop of more than 90% this year, wiping out over $18 billion in value, with technicals suggesting a potential short-term rebound.
- The Pi Core Team says 3.36 million additional users fully passed KYC following an AI-assisted migration that reviewed 4.76 million tentative approvals.
- Developers received a new Pi App Studio upgrade plus testnet features for decentralized exchanges, automated market makers, and liquidity providers.
- Market headwinds persist with daily volume reported under $30 million, ongoing token unlocks, limited exchange listings, centralization concerns, and no updated roadmap.
- Community scrutiny has intensified with unverified claims of 1.2 million PI insider sales, PiScan-reported CEX outflows and large transfers, and renewed calls for wallet audits and a clear mainnet timeline.