Key Highlights
- Pi Network (PI) trades around $0.14, recovering slightly from a low of $0.13 amid a weak crypto market.
- The KYC validator reward system is in testing and set to launch by the end of March 2026.
- Investor confidence remains low, with over 2.34 million PI tokens moved to exchanges recently.
PI coin, the native token of the Pi network, has been facing constant price drops since its launch in February 2025. The Pi coin has created a new low at $0.13, reached during earlier trading hours today.
The recent decline was due to the overall market crash that happened this week, with the entire market valuation losing more than 7% in capitalization to about $2.33 trillion.
At the same time, the Pi Core Team is preparing to launch a reward system for KYC validators for processing millions of identity checks. According to the team, the reward system has been fully designed and is now being tested to make sure payments are correct.
“Testing is incredibly important, as it affects the distribution of Pi payments to KYC validators for their work in the KYC process of millions of Pioneers,” the Pi Core Team said on X. The plan is to start giving out rewards by the end of March 2026.
Pi price under pressure amid market decline
Despite progress on the KYC reward system, the Pi price is still under pressure. According to data from PiScan, over 2.34 million PI tokens were deposited on exchanges in the last 24 hours, which means holders are selling their tokens.
On Thursday, the token lost about 9% of its value and fell below the $0.15 support level, which aligned with the previous low from October 10. On the daily time frame, the token has broken this low with a supply candle, which further confirms the sell sentiment.
The technical indicators also suggest a continued downward trend. For instance, the Relative Strength Index (RSI) currently sits at an oversold level. This suggests that the sellers are in control, and there might be a possibility for a short-term buy. The MACD and signal lines are also in negative territory, which further points to strong bearish momentum.
However, if the token could surge out of this oversold position and reclaim the $0.1533 level, there is a possibility that the price could start a rally. But couldn’t market sentiment suggest otherwise?
PI has lost a lot of its value since its mainnet launch in February 2025. The token has dropped more than 90% from its peak and more than 30% in the past month. Today’s low is the lowest price since the mainnet started.
Pi network sees growth despite price decline
The Pi Core Team has been steadily improving network infrastructure. Around 2.5 million users were recently unblocked for mainnet migration, which brings the total number of verified users to approximately 16 million.
The team has also activated Stellar Protocol v25 on the mainnet, adding advanced privacy features and zero-knowledge proof workflows. They have also started beta testing of palm print authentication, along with updates to regional compliance to allow more users to participate in KYC verification.
In addition, the community is talking about Kraken exchange listing the token after Pi appeared in a screenshot on the exchange’s roadmap. Kraken has not confirmed any spot listing, though it currently offers PI perpetual futures.
The Pi Core Team reiterated that the KYC reward system testing continues and is expected to go live before March 2026, which may help boost participation and retail confidence.
Also Read: PiChain Global Adds Ad-Based Rewards to PCM Wallet for Pi Network
