Key Highlights
- Pi Token hovers around $0.166, being 2.8% down in the last 24 hours.
- The decline comes amid major updates by the network, including KYC validator rewards distribution and the addition of a Remote Procedural Call (RPC) server to its testnet.
- For the price to either stabilize or recover, the project will likely need to focus on stronger demand drivers.
The price of Pi Network’s PI token has continued its downward trend, falling to around $0.166 amid ongoing selling pressure shortly after the completion of the first KYC validator rewards distribution on April 3 and the addition of a Remote Procedural Call (RPC) server to its testnet on April 1.
As per the latest data shared by CoinMarketCap, PI witnessed a notable drop in early April. The token is 2.8% down in the last 24 hours and 3.85% in the past week. At the beginning of this month, the token touched the $0.178 mark before a steep red candle pushed it lower, with further declines observed through April 7.
Despite positive network developments, such as the successful distribution of rewards and the addition of an RPC server on the testnet, the network has experienced a significant decline.
Reward distributed to 1 million KYC validators
Pi Network announced its successful completion of the first distribution of KYC validator rewards on April 3. The distribution, which began on Pi Day 2026 (March 14, 2026), has now delivered rewards to all eligible validators holding Mainnet wallets on the Pi blockchain.
The team also took this news to X, mentioning, “The first distribution of KYC validator rewards is now complete! Rewards were calculated for over 526 million validation tasks completed by more than 1 million KYC validators.”
Over one million human validators have completed more than 526 million successful validations. When amalgamated with the platform’s AI processing layer, the combination led to 18 million identity verifications around the world.
After the completion of the first round, Pi Network is encouraging more pioneers to join as KYC validators, complete validation work, and join Pi’s decentralized workforce.
Adding RPC server on testnet
Another update that the Pi team has come up with is the addition of a Remote Procedure Call (RPC) server to its testnet on April 1. Following this update, developers can connect directly to the Pi blockchain, check account balances, track transactions, and submit transactions without running a full node.
The team says that this shift is significant for testing and using smart contracts, which are programs that automatically run actions on the blockchain when certain conditions are met.
What lies ahead for the network
Pi Network continues its broader effort for ecosystem development, such as improvements to the validator performance algorithm for the second rewards round and intensifying human-in-the-loop processes.
The team highlights long-term utility over short-term price action, placing KYC advancements as foundational for secure payments, decentralized applications, and potential third-party services.
Although for the price to either stabilize or recover, the project will likely need to focus on stronger demand drivers, including increased real-world adoption or successful integration of new features.
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